12 Best Airport Stocks to Invest in Now

7. Grupo Aeroportuario del Sureste S. A. B. de C. V. (NYSE:ASR)

Number of Hedge Fund Holders: 6      

ASUR, also known as Grupo Aeroportuario del Sureste SAB de CV (NYSE:ASR), is a Mexican firm that has the concessions to run, oversee, and develop nine airports in the country’s southeast. The company runs six airports in northern Colombia, including the country’s second-busiest airport, Medellín International. The business also owns 60% of the capital stock of Aerostar Airport Holdings, LLC, which operates the Luis Muñoz Marin International Airport in Puerto Rico’s capital, San Juan. The airport is an important entrance point for both international flights to the island and continental flights from the United States.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) has a stable financial position, a strategic focus on tourism, and a variety of revenue streams beyond airport operations. Despite varying passenger volumes, the firm’s steady revenue growth, careful debt management, and dividend recovery indicate its determination and potential for long-term value growth. The company’s advantageous locations in prominent tourist sites, along with high entry barriers, provide it with a profit edge and opportunities for future growth.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) reported that it carried 6.4 million passengers in previous year, a 1.7% increase over the same period in 2024. The main drivers of this growth were the significant improvements in Puerto Rico and Colombia, which experienced rises of 9.3% and 12.3%, respectively, while Mexico suffered a 4.1% fall. The fluctuations in passenger traffic imply varying dynamics among regions, which could have an impact on the company’s strategic focus and resource allocation.

Jim Simons’s Renaissance Technologies was the largest stakeholder in the company from among the funds in Insider Monkey’s database at the end of Q3 2024. It owns 95,283 shares worth $26.94 million as of Q3.