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This Metric Says You Are Smart to Buy Grupo Aeroportuario del Sureste (ADR) (ASR)

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Grupo Aeroportuario del Sureste (ADR) (NYSE:ASR) was in 8 hedge funds’ portfolio at the end of the fourth quarter of 2012. ASR has seen an increase in support from the world’s most elite money managers in recent months. There were 6 hedge funds in our database with ASR holdings at the end of the previous quarter.

At the moment, there are a multitude of metrics shareholders can use to watch stocks. Some of the most innovative are hedge fund and insider trading sentiment. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the top fund managers can beat their index-focused peers by a solid amount (see just how much).

Grupo Aeroportuario del Sureste (ADR) (NYSE:ASR)

Just as important, positive insider trading sentiment is a second way to break down the stock market universe. There are a number of stimuli for a corporate insider to cut shares of his or her company, but only one, very clear reason why they would initiate a purchase. Plenty of academic studies have demonstrated the useful potential of this tactic if investors know what to do (learn more here).

Now, let’s take a look at the key action encompassing Grupo Aeroportuario del Sureste (ADR) (NYSE:ASR).

What have hedge funds been doing with Grupo Aeroportuario del Sureste (ADR) (NYSE:ASR)?

At the end of the fourth quarter, a total of 8 of the hedge funds we track were long in this stock, a change of 33% from one quarter earlier. With hedgies’ capital changing hands, there exists a select group of key hedge fund managers who were increasing their holdings significantly.

Of the funds we track, Arrowstreet Capital, managed by Peter Rathjens, Bruce Clarke and John Campbell, holds the biggest position in Grupo Aeroportuario del Sureste (ADR) (NYSE:ASR). Arrowstreet Capital has a $15.5 million position in the stock, comprising 0.1% of its 13F portfolio. Coming in second is Jim Simons of Renaissance Technologies, with a $5.2 million position; less than 0.1%% of its 13F portfolio is allocated to the stock. Other peers that hold long positions include Ken Griffin’s Citadel Investment Group, Israel Englander’s Millennium Management and David Costen Haley’s HBK Investments.

Consequently, specific money managers were breaking ground themselves. Citadel Investment Group, managed by Ken Griffin, initiated the most valuable position in Grupo Aeroportuario del Sureste (ADR) (NYSE:ASR). Citadel Investment Group had 2.3 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also initiated a $1.4 million position during the quarter. The only other fund with a new position in the stock is D. E. Shaw’s D E Shaw.

How have insiders been trading Grupo Aeroportuario del Sureste (ADR) (NYSE:ASR)?

Insider buying is particularly usable when the company we’re looking at has seen transactions within the past half-year. Over the latest six-month time period, Grupo Aeroportuario del Sureste (ADR) (NYSE:ASR) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to Grupo Aeroportuario del Sureste (ADR) (NYSE:ASR). These stocks are Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW), Grupo Aeroportuario del Centro Nort(ADR) (NASDAQ:OMAB), Air Methods Corp (NASDAQ:AIRM), Bristow Group Inc (NYSE:BRS), and Grupo Aeroportuario del Pacifico (ADR) (NYSE:PAC). This group of stocks are the members of the air services, other industry and their market caps match ASR’s market cap.

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