Grupo Aeroportuario del Sureste SAB de CV (NYSE:ASR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “Grupo Aeroportuario del Sureste is a Mexican airport operator with concessions to operate, maintain and develop the airports of Cancun, Merida, Cozumel, Villahermosa, Oaxaca, Veracruz, Huatulco, Tapachula and Minatitlan in the southeast of Mexico. “

Several other analysts also recently issued reports on ASR. Bank of America Corp. downgraded Grupo Aeroportuario del Sureste SAB de CV from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 9th. Scotiabank upped their target price on Grupo Aeroportuario del Sureste SAB de CV from $148.00 to $151.00 in a research report on Thursday, August 25th.

Grupo Aeroportuario del Sureste SAB de CV (NYSE:ASR) opened at 144.37 on Tuesday. Grupo Aeroportuario del Sureste SAB de CV has a 12-month low of $119.99 and a 12-month high of $165.40. The company has a market cap of $43.31 billion, a PE ratio of 260.13 and a beta of 0.82. The company has a 50-day moving average price of $153.98 and a 200 day moving average price of $153.55.

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Several hedge funds have recently added to or reduced their stakes in ASR. Harding Loevner LP increased its stake in Grupo Aeroportuario del Sureste SAB de CV by 5.6% in the third quarter. Harding Loevner LP now owns 1,177,903 shares of the company’s stock worth $172,469,000 after buying an additional 62,781 shares during the last quarter. Moody Lynn & Lieberson LLC increased its stake in Grupo Aeroportuario del Sureste SAB de CV by 1.0% in the second quarter. Moody Lynn & Lieberson LLC now owns 2,709 shares of the company’s stock worth $432,000 after buying an additional 27 shares during the last quarter. Handelsbanken Fonder AB increased its stake in 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 last quarter. Bank of New York Mellon Corp increased its stake in Grupo Aeroportuario del Sureste SAB de CV by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 54,521 shares of the company’s stock worth $8,698,000 after buying an additional 720 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in Grupo Aeroportuario del Sureste SAB de CV by 15.2% in the third quarter. Bank of Montreal Can now owns 7,077 shares of the company’s stock worth $1,036,000 after buying an additional 932 shares during the last quarter. Hedge funds and other institutional investors own 33.18% of the company’s stock.

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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