The Capital Fund Management S.A. Acquires New Stake in Grupo Aeroportuario del Sureste SAB de CV (ASR)

The Capital Fund Management S.A. Acquires New Stake in Grupo Aeroportuario del Sureste SAB de CV (ASR)

Capital Fund Management S.A. bought a new position in Grupo Aeroportuario del Sureste SAB de CV (NYSE:ASR) during the second quarter, Holdings Channel reports. The fund bought 2,100 shares of the company’s stock, valued at approximately $335,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Investec Asset Management LTD raised its stake in shares of Grupo Aeroportuario del Sureste SAB de CV by 1,222.6% in the first quarter. Investec Asset Management LTD now owns 242,583 shares of the company’s stock worth $36,429,000 after buying an additional 224,241 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Grupo Aeroportuario del Sureste SAB de CV by 23.5% in the first quarter. JPMorgan Chase & Co. now owns 450,413 shares of the company’s stock worth $67,640,000 after buying an additional 85,793 shares during the period. Harding Loevner LP raised its stake in shares of Grupo Aeroportuario del Sureste SAB de CV by 6.6% in the second quarter. Harding Loevner LP now owns 1,115,122 shares of the company’s stock worth $177,918,000 after buying an additional 68,800 shares during the period. AMP Capital Investors Ltd raised its stake in shares of Grupo Aeroportuario del Sureste SAB de CV by 28.4% in the first quarter. AMP Capital Investors Ltd now owns 130,257 shares of the company’s stock worth $19,207,000 after buying an additional 28,837 shares during the period. Finally, Handelsbanken Fonder AB raised its stake in shares of Grupo Aeroportuario del Sureste SAB de CV by 4.8% in the second quarter. Handelsbanken Fonder AB now owns 324,709 shares of the company’s stock worth $51,807,000 after buying an additional 14,750 shares during the period. 33.59% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Sureste SAB de CV (NYSE:ASR) traded up 2.06% during mid-day trading on Friday, reaching $154.14. 42,726 shares of the company’s stock traded hands. The stock has a market capitalization of $46.24 billion, a PE ratio of 275.25 and a beta of 0.96. Grupo Aeroportuario del Sureste SAB de CV has a 12 month low of $119.99 and a 12 month high of $167.86. The firm’s 50-day moving average price is $149.60 and its 200 day moving average price is $152.46.

ASR has been the subject of a number of research analyst reports. Scotiabank lifted their price target on shares of Grupo Aeroportuario del Sureste SAB de CV from $148.00 to $151.00 in a research note on Thursday, August 25th. Goldman Sachs Group Inc. lifted their price target on shares of Grupo Aeroportuario del Sureste SAB de CV from $170.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, July 21st. Finally, Zacks Investment Research upgraded shares of Grupo Aeroportuario del Sureste SAB de CV from a “hold” rating to a “buy” rating and set a $163.00 price target for the company in a research note on Wednesday, September 28th.

About Grupo Aeroportuario del Sureste SAB de CV

Grupo Aeroportuario del Sureste, SAB. de C.V. (ASUR) is a holding company. The Company and its subsidiaries hold concessions to operate, maintain and develop approximately nine airports in the southeast region of Mexico. 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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