In a recent disclosure with the Securities and Exchange Commission (SEC), renowned institutional investor Hennion & Walsh Asset Management Inc. revealed its acquisition of a new stake in Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR). This move showcases the firm’s confidence in the transportation company’s potential for growth and success in the market.
The recently acquired 654 shares of ASUR, valued at approximately $200,000, further solidify Hennion & Walsh Asset Management Inc.’s commitment to expanding its investment portfolio within the sector. With this new addition to their holdings, it is clear that ASUR has caught the attention of astute investors seeking lucrative opportunities.
Grupo Aeroportuario del Sureste, S.A.B. de C.V., commonly known as ASUR, is a leading player in the southeast region of Mexico with concessions to operate, maintain, and develop airports in several prominent cities including Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlán. These strategically located airports serve as crucial gateways for both domestic and international travel.
With its recently reported quarterly earnings data indicating substantial growth and profitability, ASUR has generated considerable interest among industry analysts and investors alike. For the quarter ending on April 24th, the transportation company declared an impressive $4.64 earnings per share (EPS). This exceeded analysts’ expectations by $0.13 per share as it outperformed consensus estimates of $4.51.
Additionally, ASUR boasted a commendable return on equity of 21.65% and an impressive net margin of 39.70%. These favorable financial indicators provide compelling evidence of the company’s ability to effectively manage resources while maximizing profits.
Further enhancing ASUR’s position within the market is its substantial revenue figure of $345.57 million for the quarter. These revenues demonstrate the company’s ability to attract customers and succeed in a highly competitive sector.
Looking ahead, research analysts are optimistic about ASUR’s future prospects and project that the transportation company will post an impressive 20.44 earnings per share for the current fiscal year. This projection reinforces investor confidence in ASUR’s ability to sustain its growth trajectory, further solidifying its position as an investment worth considering.
The acquisition of shares by Hennion & Walsh Asset Management Inc., a well-regarded financial institution, highlights ASUR’s attractiveness within the market. With its robust financial performance, strategic locations, and promising projections, ASUR is poised to capitalize on Mexico’s burgeoning tourism industry and continue delivering value to investors.
In conclusion, Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) has emerged as an enticing investment opportunity in the transportation sector. With its recent acquisition by Hennion & Walsh Asset Management Inc., ASUR has gained recognition from seasoned investors who recognize its potential for significant growth and profitability. As it continues to manage and develop airports throughout Mexico’s southeast region, ASUR remains well-positioned to navigate challenges and leverage opportunities within the dynamic aviation industry.
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Institutional Investors and Analysts Take Interest in Grupo Aeroportuario del Sureste as Stock Performance Evolves
[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”ASR” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]Grupo Aeroportuario del Sureste, S. A. B. de C. V., a Mexican transportation company, has attracted the attention of institutional investors in recent months. These investors have been modifying their holdings of ASR, as evidenced by the various new positions and increased holdings reported.
New York State Common Retirement Fund was among those who bought a new position in ASR during the fourth quarter of last year, valuing it at approximately $40,000. Pacer Advisors Inc. also purchased a new stake in the company worth $85,000 during the same period. Ronald Blue Trust Inc., on the other hand, boosted its holdings in ASR by 85.4% in the first quarter, now owning 367 shares valued at $85,000 after acquiring an additional 169 shares.
Addison Advisors LLC and Quadrant Capital Group LLC are two more firms that increased their positions in Grupo Aeroportuario del Sureste, S. A. B. de C. V. Addison Advisors saw a 47.2% increase while Quadrant Capital Group experienced a 49.8% rise during the fourth quarter of last year.
Overall, these moves by institutional investors have resulted in hedge funds and other institutions owning approximately 16.11% of ASR’s stock.
ASR opened at $284.45 on Monday and currently holds a fifty-day simple moving average of $285.08 along with a two-hundred-day simple moving average of $282.80 – indicating relative stability for the stock price over time.
With a current ratio and quick ratio both standing at 3.58, Grupo Aeroportuario del Sureste demonstrates strong financial liquidity capabilities.ASR also boasts a low debt-to-equity ratio of 0.23.
The company’s market capitalization is estimated to be $8.53 billion with a price-to-earnings ratio of 16.16 and price-to-earnings-growth ratio of 3.16. These figures suggest that investors may see potential in the stock’s growth prospects, particularly when considering its beta of 1.06.
Over the past twelve months, ASR has reached a low of $179.01 and a high of $314.48, indicating considerable volatility within this period.
Grupo Aeroportuario del Sureste holds concessions for operating, maintaining, and developing airports in Mexico’s southeast region. Its portfolio includes airports in Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlán.
In addition to investor interest, Grupo Aeroportuario del Sureste recently declared an annual dividend on June 12th. Stockholders of record as of May 30th received a dividend of $5.6528 per share. The ex-dividend date was May 26th with a dividend yield of 2.7%. Notably, the company’s payout ratio currently stands at 28.81%.
Several brokerages have also weighed in on ASR’s performance. Barclays upgraded the stock from an “underweight” rating to an “overweight” rating in May this year. Conversely, JPMorgan Chase & Co.rated it from “overweight” to “neutral” back in March this year.StockNews.com initiated coverage on ASR with a “hold” rating for the company.This mixed response from analysts indicates differing views on the future trajectory for Grupo Aeroportuario del Sureste.
Overall,Bloomberg.com reports that the stock currently holds a consensus rating of”Hold,”with an average price target set at $255 per share.
Given its recent attention from institutional investors and analyst assessments, Grupo Aeroportuario del Sureste continues to pique interest within the investment community as observers await further developments that may impact its stock performance.
