Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Stock Price Down 5.8% – Should You Sell?

Shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) were down 5.8% during trading on Wednesday . The stock traded as low as $259.89 and last traded at $259.89. Approximately 3,069 shares changed hands during trading, a decline of 93% from the average daily volume of 42,641 shares. The stock had previously closed at $275.85.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $274.00.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Trading Down 3.1 %

The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.97 and a current ratio of 3.97. The company’s 50 day moving average is $277.46 and its 200 day moving average is $302.95. The stock has a market capitalization of $8.02 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 2.25 and a beta of 1.12.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) last issued its earnings results on Tuesday, July 23rd. The transportation company reported $9.60 EPS for the quarter, topping the consensus estimate of $5.64 by $3.96. The firm had revenue of $357.51 million during the quarter. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a return on equity of 25.99% and a net margin of 49.57%. On average, research analysts forecast that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 22.95 EPS for the current fiscal year.

Hedge Funds 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 stock. Sei Investments Co. bought a new position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the first quarter valued at approximately $1,945,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 181.8% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,100 shares of the transportation company’s stock worth $988,000 after purchasing an additional 2,000 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 22.5% during the first quarter. BNP Paribas Financial Markets now owns 46,061 shares of the transportation company’s stock worth $14,679,000 after purchasing an additional 8,462 shares during the period. 1832 Asset Management L.P. bought a new stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the second quarter valued at about $14,927,000. Finally, Advisors Asset Management Inc. lifted its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 48.5% in the first quarter. Advisors Asset Management Inc. now owns 3,324 shares of the transportation company’s stock valued at $1,059,000 after buying an additional 1,085 shares during the period. 10.57% of the stock is owned by institutional investors and hedge funds.

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

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.