Frank Rimerman Advisors LLC Buys New Shares in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Frank Rimerman Advisors LLC bought a new position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 658 shares of the transportation company’s stock, valued at approximately $210,000.

Several other large investors also recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC grew its holdings in Grupo Aeroportuario del Sureste by 5.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 1,344 shares of the transportation company’s stock worth $429,000 after acquiring an additional 72 shares in the last quarter. Itau Unibanco Holding S.A. raised its holdings in shares of Grupo Aeroportuario del Sureste by 2,425.8% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 110,227 shares of the transportation company’s stock valued at $35,148,000 after purchasing an additional 105,863 shares in the last quarter. Wealthquest Corp purchased a new stake in shares of Grupo Aeroportuario del Sureste during the 1st quarter worth $3,979,000. Hsbc Holdings PLC lifted its position in shares of Grupo Aeroportuario del Sureste by 8.2% during the 1st quarter. Hsbc Holdings PLC now owns 115,028 shares of the transportation company’s stock worth $31,498,000 after purchasing an additional 8,717 shares during the last quarter. Finally, Euro Pacific Asset Management LLC acquired a new position in shares of Grupo Aeroportuario del Sureste during the second quarter worth $432,000. Hedge funds and other institutional investors own 10.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. JPMorgan Chase & Co. restated a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a research note on Friday, November 14th. Morgan Stanley downgraded Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 price objective on the stock. in a report on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research report on Wednesday, October 8th. Citigroup restated a “buy” rating on shares of Grupo Aeroportuario del Sureste in a research note on Wednesday, September 10th. Finally, Zacks Research downgraded Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $305.00.

Grupo Aeroportuario del Sureste Stock Up 0.6%

Grupo Aeroportuario del Sureste stock opened at $297.82 on Friday. The company has a market capitalization of $8.93 billion, a P/E ratio of 15.79, a PEG ratio of 8.54 and a beta of 0.77. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.16 and a current ratio of 5.16. Grupo Aeroportuario del Sureste, S.A. de C.V. has a fifty-two week low of $249.21 and a fifty-two week high of $360.00. The stock has a 50-day simple moving average of $313.58 and a 200-day simple moving average of $318.58.

Grupo Aeroportuario del Sureste (NYSE:ASR) last released its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $3.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.26 by ($1.42). The firm had revenue of $475.81 million for the quarter, compared to analysts’ expectations of $502.91 million. Grupo Aeroportuario del Sureste had a return on equity of 17.47% and a net margin of 31.96%. Equities research analysts expect that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 earnings per share for the current year.

Grupo Aeroportuario del Sureste Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Monday, December 8th. Stockholders of record on Wednesday, November 26th will be issued a $8.1473 dividend. This represents a dividend yield of 263.0%. The ex-dividend date of this dividend is Wednesday, November 26th. Grupo Aeroportuario del Sureste’s payout ratio is presently 200.48%.

Grupo Aeroportuario del Sureste Company Profile

Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. The company operates airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlán.