AGF Management Ltd. Purchases Shares of 3,983 Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

AGF Management Ltd. purchased a new stake in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,983 shares of the transportation company’s stock, valued at approximately $1,288,000.

A number of other hedge funds have also recently made changes to their positions in ASR. Itau Unibanco Holding S.A. raised its position in Grupo Aeroportuario del Sureste by 2,425.8% in the second quarter. Itau Unibanco Holding S.A. now owns 110,227 shares of the transportation company’s stock valued at $35,148,000 after purchasing an additional 105,863 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Grupo Aeroportuario del Sureste by 4.7% in the second quarter. Russell Investments Group Ltd. now owns 75,898 shares of the transportation company’s stock valued at $24,202,000 after buying an additional 3,433 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of Grupo Aeroportuario del Sureste by 1.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 50,441 shares of the transportation company’s stock valued at $16,084,000 after buying an additional 584 shares during the period. Fisher Funds Management LTD lifted its stake in Grupo Aeroportuario del Sureste by 13.3% during the 3rd quarter. Fisher Funds Management LTD now owns 40,654 shares of the transportation company’s stock worth $13,145,000 after acquiring an additional 4,786 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in Grupo Aeroportuario del Sureste by 22.5% during the 2nd quarter. Handelsbanken Fonder AB now owns 28,900 shares of the transportation company’s stock valued at $9,215,000 after acquiring an additional 5,312 shares during the period. Hedge funds and other institutional investors own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste Trading Up 0.6%

Shares of NYSE:ASR opened at $359.72 on Friday. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 52 week low of $249.21 and a 52 week high of $367.96. The company’s 50 day moving average is $325.54 and its two-hundred day moving average is $319.46. The company has a market cap of $10.79 billion, a PE ratio of 19.07 and a beta of 0.56. The company has a current ratio of 2.69, a quick ratio of 2.69 and a debt-to-equity ratio of 0.47.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ASR shares. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a research note on Friday, November 14th. Morgan Stanley downgraded shares of Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 target price on the stock. in a research note on Monday, November 10th. Scotiabank raised shares of Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, December 4th. Zacks Research raised Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $305.00.

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.