Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. cut its holdings in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) by 9.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 313 shares of the transportation company’s stock after selling 33 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Grupo Aeroportuario del Sureste were worth $86,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ASR. AQR Capital Management LLC lifted its holdings in Grupo Aeroportuario del Sureste by 16.4% during the 4th quarter. AQR Capital Management LLC now owns 136,846 shares of the transportation company’s stock worth $35,256,000 after buying an additional 19,302 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Grupo Aeroportuario del Sureste during the 4th quarter worth approximately $4,646,000. Arrowstreet Capital Limited Partnership acquired a new stake in Grupo Aeroportuario del Sureste during the 4th quarter worth approximately $4,187,000. Hsbc Holdings PLC lifted its holdings in Grupo Aeroportuario del Sureste by 16.6% during the 4th quarter. Hsbc Holdings PLC now owns 106,311 shares of the transportation company’s stock worth $27,389,000 after buying an additional 15,112 shares in the last quarter. Finally, Wealthquest Corp acquired a new stake in shares of Grupo Aeroportuario del Sureste in the 1st quarter valued at $3,979,000. 10.57% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Sureste Price Performance

Shares of ASR opened at $318.60 on Monday. Grupo Aeroportuario del Sureste, S.A. de C.V. has a twelve month low of $248.88 and a twelve month high of $360.00. The firm’s fifty day simple moving average is $323.28 and its 200-day simple moving average is $291.28. The firm has a market capitalization of $9.56 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 7.96 and a beta of 0.74. The company has a current ratio of 5.16, a quick ratio of 5.16 and a debt-to-equity ratio of 0.18.

Grupo Aeroportuario del Sureste (NYSE:ASR) last announced its quarterly earnings data on Tuesday, April 22nd. The transportation company reported $5.74 earnings per share for the quarter, missing analysts’ consensus estimates of $5.77 by ($0.03). Grupo Aeroportuario del Sureste had a net margin of 50.07% and a return on equity of 25.70%. The firm had revenue of $430.05 million during the quarter, compared to analyst estimates of $462.98 million. Equities analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, June 9th. Stockholders of record on Wednesday, May 28th were issued a $24.585 dividend. This represents a dividend yield of 8.6%. This is a positive change from Grupo Aeroportuario del Sureste’s previous annual dividend of $5.60. The ex-dividend date was Wednesday, May 28th. Grupo Aeroportuario del Sureste’s dividend payout ratio (DPR) is presently 87.16%.

Wall Street Analyst Weigh In

Separately, Scotiabank lowered shares of Grupo Aeroportuario del Sureste from a “sector outperform” rating to a “sector perform” rating in a report on Monday, May 19th.

Grupo Aeroportuario del Sureste 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.