Short Interest in Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Declines By 15.3%

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASRGet Rating) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 105,100 shares, a drop of 15.3% from the June 30th total of 124,100 shares. Based on an average daily volume of 71,700 shares, the short-interest ratio is currently 1.5 days.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASR. JPMorgan Chase & Co. raised its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 41.4% during the 4th quarter. JPMorgan Chase & Co. now owns 772,640 shares of the transportation company’s stock valued at $159,288,000 after purchasing an additional 226,320 shares during the period. Itau Unibanco Holding S.A. raised its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 152.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 124,230 shares of the transportation company’s stock valued at $25,174,000 after purchasing an additional 75,052 shares during the period. Manning & Napier Group LLC bought a new stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the 1st quarter valued at approximately $15,663,000. BlackRock Inc. raised its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 10.0% during the 1st quarter. BlackRock Inc. now owns 360,238 shares of the transportation company’s stock valued at $79,830,000 after purchasing an additional 32,860 shares during the period. Finally, Mackenzie Financial Corp raised its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 70.4% during the 4th quarter. Mackenzie Financial Corp now owns 44,229 shares of the transportation company’s stock valued at $9,118,000 after purchasing an additional 18,269 shares during the period.

Analysts Set New Price Targets

Separately, StockNews.com cut Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Four analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $224.33.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Stock Up 1.9 %

NYSE ASR opened at $197.27 on Friday. The stock’s 50-day moving average price is $199.91 and its 200-day moving average price is $205.88. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.25. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a 52 week low of $165.48 and a 52 week high of $230.80. The company has a market capitalization of $5.92 billion, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 3.19 and a beta of 1.09.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASRGet Rating) last posted its quarterly earnings data on Monday, July 25th. The transportation company reported $4.43 EPS for the quarter, topping the consensus estimate of $3.64 by $0.79. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a return on equity of 19.33% and a net margin of 37.88%. On average, equities research analysts predict that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 13.57 earnings per share for the current year.

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

The firm also recently announced an annual dividend, which was paid on Monday, June 13th. Investors of record on Tuesday, May 31st were paid a dividend of $7.4113 per share. This represents a yield of 4.9%. The ex-dividend date of this dividend was Friday, May 27th. This is an increase from Grupo Aeroportuario del Sureste, S. A. B. de C. V.’s previous annual dividend of $5.25. Grupo Aeroportuario del Sureste, S. A. B. de C. V.’s dividend payout ratio (DPR) is 48.32%.

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

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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 nine airports that are located in the cities of CancĂșn, Cozumel, MĂ©rida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlan.

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