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With 34% ownership of the shares, Grupo Aeroportuario del Sureste, S. A. B. de C. V. (BMV:ASURB) is heavily dominated by institutional owners
Key Insights
- Given the large stake in the stock by institutions, Grupo Aeroportuario del Sureste S. A. B. de C. V's stock price might be vulnerable to their trading decisions
- A total of 4 investors have a majority stake in the company with 54% ownership
- 28% of Grupo Aeroportuario del Sureste S. A. B. de C. V is held by insiders
Every investor in Grupo Aeroportuario del Sureste, S. A. B. de C. V. (BMV:ASURB) should be aware of the most powerful shareholder groups. With 34% stake, institutions possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk).
Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute.
In the chart below, we zoom in on the different ownership groups of Grupo Aeroportuario del Sureste S. A. B. de C. V.
Check out our latest analysis for Grupo Aeroportuario del Sureste S. A. B. de C. V
What Does The Institutional Ownership Tell Us About Grupo Aeroportuario del Sureste S. A. B. de C. V?
Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.
As you can see, institutional investors have a fair amount of stake in Grupo Aeroportuario del Sureste S. A. B. de C. V. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Grupo Aeroportuario del Sureste S. A. B. de C. V, (below). Of course, keep in mind that there are other factors to consider, too.
Grupo Aeroportuario del Sureste S. A. B. de C. V is not owned by hedge funds. Our data suggests that Fernando Chico Pardo, who is also the company's President, holds the most number of shares at 28%. When an insider holds a sizeable amount of a company's stock, investors consider it as a positive sign because it suggests that insiders are willing to have their wealth tied up in the future of the company. With 12% and 7.7% of the shares outstanding respectively, Operadora De Recursos Remer, S.A. De C.V and Inversiones y Tecnicas Aeroportuarias, S.A. de C.V. are the second and third largest shareholders.
To make our study more interesting, we found that the top 4 shareholders control more than half of the company which implies that this group has considerable sway over the company's decision-making.
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.
Insider Ownership Of Grupo Aeroportuario del Sureste S. A. B. de C. V
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.
Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.
Our most recent data indicates that insiders own a reasonable proportion of Grupo Aeroportuario del Sureste, S. A. B. de C. V.. Insiders own Mex$45b worth of shares in the Mex$159b company. That's quite meaningful. Most would say this shows a good degree of alignment with shareholders, especially in a company of this size. You can click here to see if those insiders have been buying or selling.
General Public Ownership
The general public-- including retail investors -- own 16% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.
Private Company Ownership
It seems that Private Companies own 21%, of the Grupo Aeroportuario del Sureste S. A. B. de C. V stock. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research.
Next Steps:
While it is well worth considering the different groups that own a company, there are other factors that are even more important. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for Grupo Aeroportuario del Sureste S. A. B. de C. V you should know about.
But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
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Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About BMV:ASUR B
Grupo Aeroportuario del Sureste S. A. B. de C. V
Grupo Aeroportuario del Sureste, S. A. B.
Flawless balance sheet, undervalued and pays a dividend.