Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Sees Significant Drop in Short Interest

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 107,300 shares, a drop of 19.0% from the February 13th total of 132,400 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 50,100 shares, the short-interest ratio is presently 2.1 days.

Wall Street Analysts Forecast Growth

ASR has been the topic of several recent analyst reports. Jefferies Financial Group decreased their price objective on shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from $321.00 to $310.00 and set a “hold” rating on the stock in a report on Wednesday, February 12th. StockNews.com downgraded shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a “buy” rating to a “hold” rating in a report on Thursday, November 21st.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste, S. A. B. de C. V.

A number of hedge funds have recently modified their holdings of the business. US Bancorp DE raised its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 7.2% in the fourth quarter. US Bancorp DE now owns 699 shares of the transportation company’s stock valued at $180,000 after buying an additional 47 shares during the last quarter. HighTower Advisors LLC increased its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 5.4% during the third quarter. HighTower Advisors LLC now owns 1,004 shares of the transportation company’s stock worth $285,000 after purchasing an additional 51 shares during the last quarter. Geode Capital Management LLC increased its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 6.2% during the fourth quarter. Geode Capital Management LLC now owns 1,119 shares of the transportation company’s stock worth $288,000 after purchasing an additional 65 shares during the last quarter. Fortune Financial Advisors LLC increased its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 2.1% during the fourth quarter. Fortune Financial Advisors LLC now owns 4,824 shares of the transportation company’s stock worth $1,243,000 after purchasing an additional 97 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 41.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 346 shares of the transportation company’s stock worth $91,000 after purchasing an additional 101 shares during the last quarter. 10.57% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Price Performance

Shares of NYSE ASR opened at $287.75 on Thursday. The firm has a 50-day simple moving average of $273.24 and a 200-day simple moving average of $271.09. The stock has a market capitalization of $8.63 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 7.16 and a beta of 1.07. The company has a quick ratio of 4.65, a current ratio of 4.65 and a debt-to-equity ratio of 0.20. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a 52 week low of $248.88 and a 52 week high of $357.90.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) last issued its earnings results on Monday, February 24th. The transportation company reported $5.48 EPS for the quarter, missing analysts’ consensus estimates of $5.54 by ($0.06). The business had revenue of $449.41 million during the quarter, compared to analyst estimates of $408.15 million. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a net margin of 50.08% and a return on equity of 26.25%. On average, equities analysts predict that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 23 earnings per share for the current fiscal year.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. 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.