Zacks Investment Research downgraded shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) from a strong-buy rating to a hold rating in a report published on Wednesday.

According to Zacks, “Grupo Aeroportuario del Sureste is a Mexican airport operator with concessions to operate, maintain and develop the airports of Cancun, Merida, Cozumel, Villahermosa, Oaxaca, Veracruz, Huatulco, Tapachula and Minatitlan in the southeast of Mexico. “

Several other brokerages have also recently issued reports on ASR. BidaskClub cut Grupo Aeroportuario del Sureste, S.A. de C.V. from a strong-buy rating to a buy rating in a research note on Monday, July 24th. Morgan Stanley cut Grupo Aeroportuario del Sureste, S.A. de C.V. from an overweight rating to an equal weight rating in a research note on Tuesday, May 30th. UBS AG cut Grupo Aeroportuario del Sureste, S.A. de C.V. from an outperform rating to a market perform rating in a research note on Tuesday, June 6th. Scotiabank cut Grupo Aeroportuario del Sureste, S.A. de C.V. from an outperform rating to a sector perform rating and increased their price objective for the stock from $185.00 to $202.00 in a research note on Thursday, September 7th. Finally, Royal Bank Of Canada reissued an outperform rating on shares of Grupo Aeroportuario del Sureste, S.A. de C.V. in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $213.00.

Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) opened at 199.64 on Wednesday. The company has a market capitalization of $59.89 billion, a price-to-earnings ratio of 246.77 and a beta of 0.58. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 52-week low of $131.72 and a 52-week high of $229.45. The company’s 50 day moving average price is $203.60 and its 200 day moving average price is $196.15.

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) last announced its quarterly earnings data on Thursday, July 20th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.10. Grupo Aeroportuario del Sureste, S.A. de C.V. had a return on equity of 18.02% and a net margin of 39.61%. The company had revenue of $158.17 million for the quarter. On average, analysts predict that Grupo Aeroportuario del Sureste, S.A. de C.V. will post $8.27 EPS for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in ASR. Tower Research Capital LLC TRC bought a new stake in Grupo Aeroportuario del Sureste, S.A. de C.V. during the 1st quarter valued at $229,000. Wetherby Asset Management Inc. bought a new stake in Grupo Aeroportuario del Sureste, S.A. de C.V. during the 2nd quarter valued at $252,000. KCG Holdings Inc. bought a new stake in Grupo Aeroportuario del Sureste, S.A. de C.V. during the 1st quarter valued at $272,000. Citadel Advisors LLC bought a new stake in Grupo Aeroportuario del Sureste, S.A. de C.V. during the 1st quarter valued at $287,000. Finally, Comerica Bank boosted its position in Grupo Aeroportuario del Sureste, S.A. de C.V. by 1.3% during the 1st quarter. Comerica Bank now owns 1,588 shares of the transportation company’s stock valued at $298,000 after acquiring an additional 21 shares in the last quarter. 32.90% of the stock is currently owned by institutional investors and hedge funds.

About Grupo Aeroportuario del Sureste, S.A. de C.V.

Grupo Aeroportuario del Sureste SAB de CV (ASUR) is a Mexico-based holding company. It and its subsidiaries hold concessions to operate, maintain and develop approximately nine airports in the southeast region of Mexico, as well as over 10 airports in Colombia. The Company operates through segments, including Cancun airport and subsidiaries (Cancun), the Villahermosa Airport (Villahermosa), the Merida airport (Merida) and Services.

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