Grupo Aeroportuario del Sureste (NYSE:ASR) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $315.00 and traded as high as $329.37. Grupo Aeroportuario del Sureste shares last traded at $327.0670, with a volume of 26,799 shares trading hands.

Wall Street Analyst Weigh In

ASR has been the topic of several recent research reports. Citigroup reaffirmed a “buy” rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, September 10th. Zacks Research cut shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a report on Friday, November 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research report on Wednesday, October 8th. Finally, Morgan Stanley downgraded Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 price objective on the stock. in a research report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $305.00.

Grupo Aeroportuario del Sureste Price Performance

The company has a market capitalization of $9.81 billion, a P/E ratio of 17.34 and a beta of 0.59. The firm’s fifty day moving average is $308.35 and its 200 day moving average is $315.00. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.69 and a current ratio of 2.69.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $3.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.26 by ($1.42). The business had revenue of $478.54 million for the quarter, compared to the consensus estimate of $502.91 million. Grupo Aeroportuario del Sureste had a return on equity of 20.67% and a net margin of 31.96%. As a group, analysts predict that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 earnings per share for the current fiscal year.

Grupo Aeroportuario del Sureste Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, December 8th. Shareholders of record on Wednesday, November 26th were given a dividend of $8.1473 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a yield of 271.0%. Grupo Aeroportuario del Sureste’s dividend payout ratio (DPR) is 200.58%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC boosted its position in Grupo Aeroportuario del Sureste by 8.2% during the second quarter. Signaturefd LLC now owns 474 shares of the transportation company’s stock valued at $151,000 after purchasing an additional 36 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its position in shares of Grupo Aeroportuario del Sureste by 3.0% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 1,328 shares of the transportation company’s stock valued at $429,000 after buying an additional 39 shares during the last quarter. Renaissance Group LLC boosted its holdings in shares of Grupo Aeroportuario del Sureste by 0.3% in the 2nd quarter. Renaissance Group LLC now owns 17,123 shares of the transportation company’s stock valued at $5,460,000 after buying an additional 45 shares in the last quarter. Fortune Financial Advisors LLC raised its stake in shares of Grupo Aeroportuario del Sureste by 1.0% during the 2nd quarter. Fortune Financial Advisors LLC now owns 4,961 shares of the transportation company’s stock worth $1,582,000 after acquiring an additional 48 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position in Grupo Aeroportuario del Sureste by 38.2% during the second quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 50 shares during the last quarter. 10.57% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Sureste Company Profile

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE: ASR) is a leading airport operator in Mexico specializing in the development, operation and management of airports under long-term concession agreements. The company’s core business activities include the operation of passenger and cargo terminals, the administration of retail and service concessions, the provision of parking and ground-support services, and the implementation of security and maintenance programs.

ASR holds concession rights for nine airports across southeastern Mexico, including premier tourism hubs such as Cancún, Cozumel and Huatulco, as well as regional facilities in Mérida, Oaxaca, Veracruz and Minatitlán.