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

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

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

A number of large investors have recently added to or reduced their stakes in ASR. National Bank of Canada FI acquired a new stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 3rd quarter valued at about $19,274,000. Fisher Funds Management LTD acquired a new stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 4th quarter valued at about $13,464,000. AQR Capital Management LLC grew its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 16.4% in the 4th quarter. AQR Capital Management LLC now owns 136,846 shares of the transportation company's stock valued at $35,256,000 after acquiring an additional 19,302 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 4th quarter valued at about $4,646,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 4th quarter valued at about $4,187,000. 10.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group lowered their price target 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 research note on Wednesday, February 12th.

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

Shares of NYSE:ASR traded down $5.19 on Friday, reaching $281.79. 57,085 shares of the company were exchanged, compared to its average volume of 42,552. The company has a current ratio of 4.65, a quick 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 1-year low of $248.88 and a 1-year high of $357.90. The firm has a market cap of $8.45 billion, a price-to-earnings ratio of 10.62, a price-to-earnings-growth ratio of 7.16 and a beta of 1.07. The company has a 50-day moving average of $274.25 and a 200-day moving average of $271.29.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The transportation company reported $5.48 earnings per share for the quarter, missing analysts' consensus estimates of $5.54 by ($0.06). The company had revenue of $449.41 million for the quarter, compared to analyst estimates of $408.15 million. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a return on equity of 26.25% and a net margin of 50.08%. Equities analysts forecast 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.