Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Upgraded by StockNews.com to “Buy”

StockNews.com upgraded shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) from a hold rating to a buy rating in a report issued on Thursday morning.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Trading Down 0.2 %

NYSE:ASR opened at $265.56 on Thursday. The firm has a market capitalization of $7.97 billion, a P/E ratio of 12.56, a P/E/G ratio of 2.20 and a beta of 1.12. The business has a 50 day simple moving average of $289.13 and a 200 day simple moving average of $308.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.97 and a quick ratio of 3.97. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a 12-month low of $165.00 and a 12-month high of $357.90.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $9.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.64 by $3.96. The company had revenue of $357.51 million during the quarter. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a net margin of 49.57% and a return on equity of 25.99%. Equities research analysts predict that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 22.89 EPS for the current year.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste, S. A. B. de C. V.

Several large investors have recently made changes to their positions in ASR. 1832 Asset Management L.P. acquired a new position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the 2nd quarter valued at about $14,927,000. Hsbc Holdings PLC increased its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 116.7% during the fourth quarter. Hsbc Holdings PLC now owns 92,230 shares of the transportation company’s stock valued at $27,134,000 after acquiring an additional 49,668 shares during the period. Sei Investments Co. raised its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 337.4% during the second quarter. Sei Investments Co. now owns 26,694 shares of the transportation company’s stock worth $7,995,000 after purchasing an additional 20,591 shares in the last quarter. Alberta Investment Management Corp lifted its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 83.5% in the fourth quarter. Alberta Investment Management Corp now owns 37,894 shares of the transportation company’s stock worth $11,151,000 after purchasing an additional 17,244 shares during the period. Finally, Marshall Wace LLP boosted its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 99.7% during the 2nd quarter. Marshall Wace LLP now owns 32,377 shares of the transportation company’s stock valued at $9,698,000 after purchasing an additional 16,163 shares in the last quarter. Institutional investors and hedge funds own 10.57% of the company’s stock.

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

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.