Empirical Finance LLC Takes $7.69 Million Position in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Empirical Finance LLC purchased a new position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 22,868 shares of the transportation company’s stock, valued at approximately $7,687,000.

A number of other hedge funds have also added to or reduced their stakes in ASR. Royal Bank of Canada increased its stake in Grupo Aeroportuario del Sureste by 6.3% in the first quarter. Royal Bank of Canada now owns 3,952 shares of the transportation company’s stock valued at $1,083,000 after acquiring an additional 235 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Grupo Aeroportuario del Sureste by 766.7% during the second quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock worth $50,000 after purchasing an additional 138 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Grupo Aeroportuario del Sureste by 119.2% in the 2nd quarter. Marshall Wace LLP now owns 14,608 shares of the transportation company’s stock valued at $4,658,000 after purchasing an additional 7,945 shares in the last quarter. Jump Financial LLC bought a new position in shares of Grupo Aeroportuario del Sureste in the 2nd quarter valued at $1,432,000. Finally, Qube Research & Technologies Ltd increased its stake in shares of Grupo Aeroportuario del Sureste by 1.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 50,441 shares of the transportation company’s stock valued at $16,084,000 after purchasing an additional 584 shares during the last quarter. 10.57% of the stock is owned by institutional investors.

Grupo Aeroportuario del Sureste Stock Down 0.5%

Shares of ASR opened at $268.51 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.39 and a current ratio of 3.39. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 52 week low of $259.01 and a 52 week high of $381.52. The stock has a market capitalization of $8.06 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 1.70 and a beta of 0.46. The stock has a fifty day moving average of $294.17 and a 200-day moving average of $321.98.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its quarterly earnings data on Thursday, July 23rd. The transportation company reported $4.38 earnings per share for the quarter, missing analysts’ consensus estimates of $4.92 by ($0.54). Grupo Aeroportuario del Sureste had a return on equity of 21.85% and a net margin of 26.07%.The firm had revenue of $547.46 million for the quarter, compared to the consensus estimate of $517.35 million. As a group, sell-side analysts anticipate that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 20.43 earnings per share for the current fiscal year.

Grupo Aeroportuario del Sureste Dividend Announcement

The company also recently declared a special dividend, which was paid on Monday, June 8th. Stockholders of record on Wednesday, May 27th were issued a dividend of $5.7572 per share. The ex-dividend date was Wednesday, May 27th. Grupo Aeroportuario del Sureste’s payout ratio is 106.72%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ASR shares. UBS Group upgraded Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research report on Thursday, June 18th. JPMorgan Chase & Co. cut shares of Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a report on Wednesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Grupo Aeroportuario del Sureste has an average rating of “Hold” and a consensus target price of $300.00.

Grupo Aeroportuario del Sureste Profile

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE: ASR) is a leading airport operator in Mexico specializing in the development, operation and management of airports under long-term concession agreements. The company’s core business activities include the operation of passenger and cargo terminals, the administration of retail and service concessions, the provision of parking and ground-support services, and the implementation of security and maintenance programs.

ASR holds concession rights for nine airports across southeastern Mexico, including premier tourism hubs such as Cancún, Cozumel and Huatulco, as well as regional facilities in Mérida, Oaxaca, Veracruz and Minatitlán.