Grupo Aeroportuario del Sureste (NYSE:ASR) Downgraded by JPMorgan Chase & Co. to Underweight

JPMorgan Chase & Co. downgraded shares of Grupo Aeroportuario del Sureste (NYSE:ASR) from a neutral rating to an underweight rating in a research note issued to investors on Wednesday, Marketbeat.com reports.

Other equities research analysts also recently issued research reports about the company. UBS Group raised Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research report on Thursday, June 18th. Barclays raised Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Grupo Aeroportuario del Sureste currently has an average rating of “Hold” and a consensus target price of $300.00.

Grupo Aeroportuario del Sureste Trading Down 0.7%

Shares of ASR opened at $272.93 on Wednesday. The firm has a 50 day simple moving average of $295.35 and a 200-day simple moving average of $322.74. The stock has a market cap of $8.19 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 1.70 and a beta of 0.46. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.39 and a quick ratio of 3.39. Grupo Aeroportuario del Sureste has a 1-year low of $270.55 and a 1-year high of $381.52.

Grupo Aeroportuario del Sureste (NYSE:ASR) last released its quarterly earnings results on Tuesday, March 31st. The transportation company reported $5.24 earnings per share (EPS) for the quarter. Grupo Aeroportuario del Sureste had a net margin of 26.32% and a return on equity of 21.77%. The company had revenue of $495.15 million for the quarter. Equities analysts forecast that Grupo Aeroportuario del Sureste will post 20.84 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste Announces Dividend

The business also recently announced a special dividend, which was paid on Monday, June 8th. Stockholders of record on Wednesday, May 27th were paid a $5.7572 dividend. The ex-dividend date was Wednesday, May 27th. Grupo Aeroportuario del Sureste’s dividend payout ratio is 110.22%.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste

Hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Grupo Aeroportuario del Sureste during the fourth quarter valued at $35,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Grupo Aeroportuario del Sureste in the 4th quarter worth about $49,000. EverSource Wealth Advisors LLC lifted its position in Grupo Aeroportuario del Sureste by 766.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 138 shares during the last quarter. Osaic Holdings Inc. lifted its position in Grupo Aeroportuario del Sureste by 38.2% in the 2nd quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 50 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Grupo Aeroportuario del Sureste by 63.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 324 shares of the transportation company’s stock valued at $105,000 after purchasing an additional 126 shares during the period. Institutional investors and hedge funds own 10.57% of the company’s stock.

About Grupo Aeroportuario del Sureste

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.