Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Short Interest Down 24.9% in May

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASRGet Free Report) saw a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 95,400 shares, a decline of 24.9% from the May 15th total of 127,000 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 65,700 shares, the short-interest ratio is currently 1.5 days.

Grupo Aeroportuario del Sureste Stock Down 1.3%

Shares of NYSE:ASR opened at $306.10 on Friday. The stock has a market cap of $9.18 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 7.71 and a beta of 0.76. The company has a quick ratio of 5.16, a current ratio of 5.16 and a debt-to-equity ratio of 0.18. Grupo Aeroportuario del Sureste has a 12-month low of $248.88 and a 12-month high of $360.00. The business’s 50 day moving average is $318.83 and its 200 day moving average is $287.41.

Grupo Aeroportuario del Sureste (NYSE:ASRGet Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The transportation company reported $5.74 earnings per share for the quarter, missing the consensus estimate of $5.77 by ($0.03). Grupo Aeroportuario del Sureste had a return on equity of 25.70% and a net margin of 50.07%. The business had revenue of $430.05 million during the quarter, compared to analysts’ expectations of $462.98 million. On average, sell-side analysts forecast that Grupo Aeroportuario del Sureste will post 23 earnings per share for the current fiscal year.

Grupo Aeroportuario del Sureste Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Monday, June 9th. Shareholders of record on Wednesday, May 28th were given a $24.585 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a yield of 8.6%. This is a boost from Grupo Aeroportuario del Sureste’s previous annual dividend of $5.60. Grupo Aeroportuario del Sureste’s payout ratio is currently 87.16%.

Wall Street Analyst Weigh In

Separately, Scotiabank cut Grupo Aeroportuario del Sureste from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, May 19th.

Get Our Latest Stock Analysis on ASR

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC boosted its position in Grupo Aeroportuario del Sureste by 126.2% in the first quarter. AQR Capital Management LLC now owns 309,500 shares of the transportation company’s stock worth $84,339,000 after purchasing an additional 172,654 shares during the last quarter. Royal Bank of Canada boosted its position in Grupo Aeroportuario del Sureste by 6.3% in the first quarter. Royal Bank of Canada now owns 3,952 shares of the transportation company’s stock worth $1,083,000 after purchasing an additional 235 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Grupo Aeroportuario del Sureste by 41.2% in the first quarter. Canada Pension Plan Investment Board now owns 43,360 shares of the transportation company’s stock worth $11,873,000 after purchasing an additional 12,660 shares during the last quarter. Hsbc Holdings PLC boosted its position in Grupo Aeroportuario del Sureste by 8.2% in the first quarter. Hsbc Holdings PLC now owns 115,028 shares of the transportation company’s stock worth $31,498,000 after purchasing an additional 8,717 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Grupo Aeroportuario del Sureste by 5.7% in the first quarter. American Century Companies Inc. now owns 24,064 shares of the transportation company’s stock worth $6,589,000 after purchasing an additional 1,307 shares during the last quarter. Hedge funds and other institutional investors own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste Company Profile

(Get Free Report)

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.

Read More

Receive News & Ratings for Grupo Aeroportuario del Sureste Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Aeroportuario del Sureste and related companies with MarketBeat.com's FREE daily email newsletter.