Grupo Aeroportuario del Sureste (NYSE:ASR) Reaches New 52-Week Low – Here’s What Happened

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR)’s share price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $226.19 and last traded at $226.7370, with a volume of 17,388 shares. The stock had previously closed at $230.67.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research report on Wednesday, July 22nd. Weiss Ratings lowered shares of Grupo Aeroportuario del Sureste from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday. UBS Group raised shares of Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a report on Thursday, June 18th. Zacks Research downgraded shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a research report on Monday, September 7th. Finally, HSBC raised shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 target price on the stock in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $324.50.

Grupo Aeroportuario del Sureste Price Performance

The company has a 50-day simple moving average of $253.91 and a 200-day simple moving average of $287.75. The stock has a market cap of $6.96 billion, a PE ratio of 12.48, a PEG ratio of 1.52 and a beta of 0.52. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.29 and a quick ratio of 3.29.

Grupo Aeroportuario del Sureste (NYSE:ASR) last released its quarterly earnings data on Friday, July 24th. The transportation company reported $4.38 earnings per share for the quarter, missing the consensus estimate of $4.92 by ($0.54). Grupo Aeroportuario del Sureste had a net margin of 26.07% and a return on equity of 21.32%. The firm had revenue of $547.46 million during the quarter, compared to analysts’ expectations of $517.35 million. Sell-side analysts anticipate that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 19.54 EPS for the current fiscal year.

Institutional Trading of Grupo Aeroportuario del Sureste

Institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC increased its stake in Grupo Aeroportuario del Sureste by 42.1% in the first quarter. Parallel Advisors LLC now owns 422 shares of the transportation company’s stock valued at $142,000 after purchasing an additional 125 shares during the last quarter. Parvin Asset Management LLC purchased a new position in shares of Grupo Aeroportuario del Sureste during the 1st quarter worth about $220,000. Alamar Capital Management LLC purchased a new position in shares of Grupo Aeroportuario del Sureste during the 1st quarter worth about $235,000. PNC Financial Services Group Inc. boosted its position in shares of Grupo Aeroportuario del Sureste by 5.1% in the first quarter. PNC Financial Services Group Inc. now owns 800 shares of the transportation company’s stock worth $269,000 after acquiring an additional 39 shares during the last quarter. Finally, QRG Capital Management Inc. increased its position in Grupo Aeroportuario del Sureste by 14.9% during the first quarter. QRG Capital Management Inc. now owns 1,008 shares of the transportation company’s stock worth $339,000 after purchasing an additional 131 shares during the last quarter. 10.57% of the stock is currently owned by hedge funds and other institutional investors.

About Grupo Aeroportuario del Sureste

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE: ASR), commonly known as ASUR, is an airport infrastructure company that develops, operates and maintains airports under long-term government concessions. Its activities include passenger and aircraft operations, terminal services, commercial facilities, parking and other airport-related services.

ASUR operates nine airports in southeastern Mexico, including Cancún International Airport, one of the country’s major tourism gateways, as well as airports serving Mérida, Oaxaca, Veracruz, Villahermosa, Cozumel, Huatulco, Tapachula and Minatitlán.