Redhawk Wealth Advisors Inc. Makes New Investment in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Redhawk Wealth Advisors Inc. acquired a new stake in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,817 shares of the transportation company’s stock, valued at approximately $911,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Wyoming bought a new stake in shares of Grupo Aeroportuario del Sureste in the third quarter worth about $46,000. EverSource Wealth Advisors LLC raised its position in Grupo Aeroportuario del Sureste by 766.7% during 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 holdings 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 worth $58,000 after buying an additional 50 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Grupo Aeroportuario del Sureste by 85.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 198 shares of the transportation company’s stock worth $64,000 after buying an additional 91 shares during the period. Finally, Hantz Financial Services Inc. grew its position in shares of Grupo Aeroportuario del Sureste by 249.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 486 shares of the transportation company’s stock worth $157,000 after buying an additional 347 shares during the last quarter. 10.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on ASR. Barclays raised Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. Scotiabank upgraded shares of Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a report on Thursday, December 4th. Wall Street Zen downgraded shares of Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Zacks Research raised shares of Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Grupo Aeroportuario del Sureste currently has a consensus rating of “Hold” and a consensus price target of $300.00.

Grupo Aeroportuario del Sureste Trading Down 0.1%

NYSE ASR opened at $329.36 on Monday. The firm has a market capitalization of $9.88 billion, a PE ratio of 17.89 and a beta of 0.53. The stock’s 50 day moving average is $347.44 and its 200 day moving average is $326.77. Grupo Aeroportuario del Sureste, S.A. de C.V. has a twelve month low of $249.21 and a twelve month high of $381.52. The company has a quick ratio of 2.69, a current ratio of 2.91 and a debt-to-equity ratio of 0.58.

Grupo Aeroportuario del Sureste (NYSE:ASR) last posted its quarterly earnings data on Tuesday, February 24th. The transportation company reported $5.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.04 by ($0.01). The firm had revenue of $608.62 million during the quarter, compared to the consensus estimate of $500.58 million. Grupo Aeroportuario del Sureste had a return on equity of 21.42% and a net margin of 27.93%. Research analysts forecast 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 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.