J P Morgan Chase & Co Lowers Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR) to Underweight

J P Morgan Chase & Co downgraded shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) from a neutral rating to an underweight rating in a research report released on Friday, May 12th.

Several other research firms also recently commented on ASR. Zacks Investment Research upgraded Grupo Aeroportuario del Sureste, S.A. de C.V. from a hold rating to a strong-buy rating and set a $216.00 price objective on the stock in a research note on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) cut shares of Grupo Aeroportuario del Sureste, S.A. de C.V. from a buy rating to a neutral rating in a report on Wednesday, February 15th. Finally, Morgan Stanley raised shares of Grupo Aeroportuario del Sureste, S.A. de C.V. from an equal weight rating to an overweight rating in a report on Friday, February 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Hold and an average target price of $180.33.

Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) traded up 1.68% during midday trading on Friday, hitting $204.26. The company’s stock had a trading volume of 55,211 shares. The stock’s 50 day moving average is $196.48 and its 200-day moving average is $167.54. The firm has a market cap of $61.28 billion, a P/E ratio of 280.58 and a beta of 0.60. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 52-week low of $131.72 and a 52-week high of $206.69.

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The company also recently declared an annual dividend, which will be paid on Monday, June 26th. Stockholders of record on Thursday, June 15th will be issued a $3.3588 dividend. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a dividend yield of 1.7%. This is a boost from Grupo Aeroportuario del Sureste, S.A. de C.V.’s previous annual dividend of $2.70. Grupo Aeroportuario del Sureste, S.A. de C.V.’s dividend payout ratio is presently 44.02%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp raised its position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. by 17.5% in the fourth quarter. State Street Corp now owns 45,607 shares of the transportation company’s stock valued at $6,563,000 after buying an additional 6,801 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. by 19.9% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,873 shares of the transportation company’s stock valued at $421,000 after buying an additional 476 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. during the fourth quarter valued at about $19,211,000. Ellington Management Group LLC bought a new position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. during the fourth quarter valued at about $302,000. Finally, Thomas J. Herzfeld Advisors Inc. bought a new position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. during the fourth quarter valued at about $302,000. Institutional investors own 33.20% of the company’s stock.

Grupo Aeroportuario del Sureste, S.A. de C.V. Company Profile

Grupo Aeroportuario del Sureste SAB de CV (ASUR) is a holding company. It and its subsidiaries hold concessions to operate, maintain and develop approximately nine airports in the southeast region of Mexico, as well as over 10 airports in Colombia. The Company operates through segments, including Cancun airport and subsidiaries (Cancun), the Villahermosa Airport (Villahermosa), the Merida airport (Merida) and Services.

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