abrdn plc Acquires Shares of 1,045 Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR)

abrdn plc acquired a new stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,045 shares of the transportation company’s stock, valued at approximately $295,000.

Other hedge funds have also modified their holdings of the company. Sequoia Financial Advisors LLC grew its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 12.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 813 shares of the transportation company’s stock worth $259,000 after purchasing an additional 87 shares during the last quarter. BNP Paribas Financial Markets grew its holdings 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 buying an additional 8,462 shares during the last quarter. Sei Investments Co. acquired a new position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 1st quarter valued at about $1,945,000. Russell Investments Group Ltd. lifted its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 12.2% during the 1st quarter. Russell Investments Group Ltd. now owns 13,232 shares of the transportation company’s stock worth $4,217,000 after acquiring an additional 1,439 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake 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 valued at $988,000 after purchasing an additional 2,000 shares during the last quarter. 10.57% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of ASR opened at $265.26 on Wednesday. The firm has a market capitalization of $7.96 billion, a PE ratio of 9.98, a P/E/G ratio of 4.03 and a beta of 1.13. The stock’s 50 day moving average is $275.70 and its two-hundred day moving average is $299.88. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a twelve month low of $213.50 and a twelve month high of $357.90. The company has a current ratio of 4.65, a quick ratio of 4.65 and a debt-to-equity ratio of 0.20.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $274.00.

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.