Key Points
- Director Anton Jose Antonio Perez bought 1,875 shares for about $497,644, at an average price of $265.41.
- Quarterly earnings were $3.98 per share, below the $4.38 consensus, while revenue of $576.34 million topped estimates of $527.02 million.
- The company announced a special dividend of $5.3688 per share, payable December 10 to shareholders of record November 27.
Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Get Free Report) Director Anton Jose Antonio Perez purchased 1,875 shares of the business's stock in a transaction dated Monday, November 9th. The shares were acquired at an average cost of $265.41 per share, for a total transaction of $497,643.75. Following the acquisition, the director owned 1,875 shares of the company's stock, valued at approximately $497,643.75. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Grupo Aeroportuario del Sureste Stock Performance
Shares of NYSE ASR traded down $1.52 during midday trading on Friday, hitting $270.20. 45,411 shares of the company's stock were exchanged, compared to its average volume of 58,402. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.29 and a quick ratio of 3.29. The stock's 50 day moving average price is $248.03 and its 200-day moving average price is $294.74. The firm has a market cap of $8.11 billion, a P/E ratio of 14.43, a PEG ratio of 2.20 and a beta of 0.49. Grupo Aeroportuario del Sureste, S.A. de C.V. has a twelve month low of $226.19 and a twelve month high of $381.52.
Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The transportation company reported $3.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.38 by ($0.40). The business had revenue of $576.34 million during the quarter, compared to the consensus estimate of $527.02 million. Grupo Aeroportuario del Sureste had a return on equity of 20.94% and a net margin of 25.10%. Equities research analysts anticipate that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 18.32 EPS for the current year.
Grupo Aeroportuario del Sureste Dividend Announcement
The business also recently announced a special dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 27th will be given a $5.3688 dividend. The ex-dividend date is Friday, November 27th. Grupo Aeroportuario del Sureste's dividend payout ratio is currently 66.79%.
Institutional Trading of Grupo Aeroportuario del Sureste
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. bought a new position in Grupo Aeroportuario del Sureste during the third quarter valued at about $35,719,000. Ieq Capital LLC grew its holdings in Grupo Aeroportuario del Sureste by 329.1% during the third quarter. Ieq Capital LLC now owns 3,201 shares of the transportation company's stock worth $753,000 after acquiring an additional 2,455 shares during the period. Hantz Financial Services Inc. raised its position in Grupo Aeroportuario del Sureste by 48.3% in the third quarter. Hantz Financial Services Inc. now owns 894 shares of the transportation company's stock worth $210,000 after acquiring an additional 291 shares in the last quarter. Eurizon Capital SGR S.p.A. raised its position in Grupo Aeroportuario del Sureste by 0.7% in the third quarter. Eurizon Capital SGR S.p.A. now owns 5,652 shares of the transportation company's stock worth $1,364,000 after acquiring an additional 41 shares in the last quarter. Finally, Euro Pacific Asset Management LLC raised its position in Grupo Aeroportuario del Sureste by 33.5% in the third quarter. Euro Pacific Asset Management LLC now owns 4,012 shares of the transportation company's stock worth $944,000 after acquiring an additional 1,007 shares in the last quarter. Institutional investors own 10.57% of the company's stock.
Analyst Ratings Changes
Several research firms have commented on ASR. Zacks Research cut shares of Grupo Aeroportuario del Sureste from a "hold" rating to a "strong sell" rating in a research note on Tuesday, November 10th. HSBC upgraded shares of Grupo Aeroportuario del Sureste from a "hold" rating to a "buy" rating and set a $349.00 price objective for the company in a report on Thursday, July 30th. Weiss Ratings upgraded shares of Grupo Aeroportuario del Sureste from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, October 26th. Finally, JPMorgan Chase & Co. lowered shares of Grupo Aeroportuario del Sureste from a "neutral" rating to an "underweight" rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Grupo Aeroportuario del Sureste has an average rating of "Hold" and an average price target of $349.00.
Read Our Latest Research Report on ASR
About Grupo Aeroportuario del Sureste
(
Get Free Report)
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a Mexican airport operator that develops, operates and maintains airports under long-term concessions. Its activities include passenger and aircraft services, airport infrastructure and commercial offerings such as retail, food and beverage, parking and other passenger services. ASUR operates nine airports in southeastern Mexico, including Cancún, Mérida, Oaxaca, Veracruz and Cozumel. Its portfolio also extends beyond Mexico through interests in airport operations in Puerto Rico and Colombia.
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