Hsbc Holdings PLC Cuts Stock Position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR)

Hsbc Holdings PLC trimmed its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) by 37.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 55,047 shares of the transportation company’s stock after selling 32,847 shares during the quarter. Hsbc Holdings PLC’s holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. were worth $16,501,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ASR. Parallel Advisors LLC grew its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 116.7% during the fourth quarter. Parallel Advisors LLC now owns 221 shares of the transportation company’s stock valued at $65,000 after acquiring an additional 119 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 64.7% in the 2nd quarter. Blue Trust Inc. now owns 313 shares of the transportation company’s stock valued at $100,000 after purchasing an additional 123 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 62.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 840 shares of the transportation company’s stock valued at $247,000 after purchasing an additional 322 shares during the last quarter. Ballentine Partners LLC bought a new position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the 1st quarter valued at $249,000. Finally, Sequoia Financial Advisors LLC raised its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 12.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 813 shares of the transportation company’s stock worth $259,000 after purchasing an additional 87 shares during the period. 10.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a consensus rating of “Moderate Buy” and a consensus price target of $274.00.

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

Shares of ASR stock opened at $290.58 on Monday. The company has a market capitalization of $8.72 billion, a P/E ratio of 13.74, a PEG ratio of 2.20 and a beta of 1.12. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a fifty-two week low of $165.00 and a fifty-two week high of $357.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.97 and a current ratio of 3.97. The stock has a 50 day moving average price of $283.53 and a two-hundred day moving average price of $307.49.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $9.60 EPS for the quarter, beating analysts’ consensus estimates 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%. Analysts expect that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 22.95 earnings per share for the current year.

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.