JPMorgan Chase & Co. Sells 3,079 Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

JPMorgan Chase & Co. lowered its holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) by 1.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 211,257 shares of the transportation company’s stock after selling 3,079 shares during the quarter. JPMorgan Chase & Co.’s holdings in Grupo Aeroportuario del Sureste were worth $68,306,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of ASR. Renaissance Group LLC boosted its holdings in Grupo Aeroportuario del Sureste by 0.3% in the 2nd quarter. Renaissance Group LLC now owns 17,123 shares of the transportation company’s stock worth $5,460,000 after buying an additional 45 shares during the period. Osaic Holdings Inc. lifted its position in shares of Grupo Aeroportuario del Sureste by 38.2% during the second quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock worth $58,000 after acquiring an additional 50 shares in the last quarter. Fortune Financial Advisors LLC boosted its holdings in shares of Grupo Aeroportuario del Sureste by 1.0% in the third quarter. Fortune Financial Advisors LLC now owns 5,013 shares of the transportation company’s stock worth $1,621,000 after acquiring an additional 52 shares during the period. Advisors Asset Management Inc. grew its position in shares of Grupo Aeroportuario del Sureste by 3.2% in the second quarter. Advisors Asset Management Inc. now owns 2,779 shares of the transportation company’s stock valued at $886,000 after purchasing an additional 85 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Grupo Aeroportuario del Sureste by 85.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 198 shares of the transportation company’s stock valued at $64,000 after purchasing an additional 91 shares in the last quarter. 10.57% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Sureste Stock Down 1.3%

ASR stock opened at $358.77 on Wednesday. The company has a current ratio of 2.69, a quick ratio of 2.69 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average is $342.30 and its 200 day moving average is $325.70. The stock has a market cap of $10.76 billion, a price-to-earnings ratio of 19.02 and a beta of 0.56. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 1-year low of $249.21 and a 1-year high of $381.52.

Analyst Ratings Changes

Several research analysts have commented on the company. Morgan Stanley downgraded Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 target price for the company. in a research note on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, January 21st. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a research note on Friday, November 14th. Zacks Research raised shares of Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Finally, Scotiabank upgraded shares of Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, December 4th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Grupo Aeroportuario del Sureste has a consensus rating of “Hold” and a consensus target price of $300.00.

Grupo Aeroportuario del Sureste Company 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.