1832 Asset Management L.P. Makes New Investment in Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR)

1832 Asset Management L.P. acquired a new stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 49,836 shares of the transportation company’s stock, valued at approximately $14,927,000.

Other institutional investors have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC lifted its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 12.0% in the first quarter. Sequoia Financial Advisors LLC now owns 813 shares of the transportation company’s stock worth $259,000 after buying an additional 87 shares in the last quarter. Maryland State Retirement & Pension System boosted its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 0.4% during the 1st quarter. Maryland State Retirement & Pension System now owns 21,992 shares of the transportation company’s stock valued at $6,691,000 after acquiring an additional 98 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 116.7% during the 4th 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. grew its holdings in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 64.7% in the second 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. Finally, Vanguard Personalized Indexing Management LLC increased its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 10.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,697 shares of the transportation company’s stock worth $504,000 after purchasing an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 10.57% of the company’s stock.

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

NYSE ASR opened at $294.24 on Tuesday. The business’s 50 day moving average price is $283.21 and its 200-day moving average price is $307.52. 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 market cap of $8.83 billion, a P/E ratio of 13.91, a P/E/G ratio of 2.20 and a beta of 1.12. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.97 and a current ratio of 3.97.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) last posted its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $9.60 EPS for the quarter, topping the consensus estimate of $5.64 by $3.96. 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%. The company had revenue of $357.51 million during the quarter. Sell-side analysts predict that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 22.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

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 research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Grupo Aeroportuario del Sureste, S. A. B. de C. V. presently has a consensus rating of “Moderate Buy” and a consensus price target of $274.00.

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.