Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Sees Unusually-High Trading Volume

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) shares saw strong trading volume on Thursday . 108,903 shares were traded during trading, an increase of 140% from the previous session’s volume of 45,332 shares.The stock last traded at $294.30 and had previously closed at $298.32.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ASR. StockNews.com raised shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Barclays lowered shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Grupo Aeroportuario del Sureste, S. A. B. de C. V. presently has an average rating of “Moderate Buy” and an average target price of $274.00.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Stock Performance

The stock’s 50-day simple moving average is $329.53 and its 200-day simple moving average is $308.51. The stock has a market cap of $8.99 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. The company has a current ratio of 3.88, a quick ratio of 3.87 and a debt-to-equity ratio of 0.21.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) last announced its earnings results on Monday, April 22nd. The transportation company reported $6.21 earnings per share (EPS) for the quarter. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a net margin of 40.21% and a return on equity of 22.21%. The firm had revenue of $438.09 million for the quarter. Analysts forecast that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 23.43 earnings per share for the current fiscal year.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Monday, July 8th. Investors of record on Tuesday, June 25th will be given a dividend of $5.597 per share. The ex-dividend date of this dividend is Tuesday, June 25th. This represents a dividend yield of 3.3%. Grupo Aeroportuario del Sureste, S. A. B. de C. V.’s dividend payout ratio is 51.16%.

Institutional Trading of Grupo Aeroportuario del Sureste, S. A. B. de C. V.

Several large investors have recently made changes to their positions in the company. CWM LLC lifted its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 227.8% in the 4th quarter. CWM LLC now owns 118 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 82 shares during the last quarter. Blue Trust Inc. lifted its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 62.6% in the 4th quarter. Blue Trust Inc. now owns 187 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 72 shares during the last quarter. Parallel Advisors LLC lifted its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 116.7% in the 4th quarter. Parallel Advisors LLC now owns 221 shares of the transportation company’s stock valued at $65,000 after purchasing an additional 119 shares during the last quarter. Signaturefd LLC lifted its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 53.5% in the 4th quarter. Signaturefd LLC now owns 413 shares of the transportation company’s stock valued at $122,000 after purchasing an additional 144 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 4th quarter valued at approximately $214,000. Institutional investors and hedge funds own 10.57% of the company’s stock.

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