Atria Investments LLC Takes $1.21 Million Position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Atria Investments LLC purchased a new stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PACGet Rating) in the first quarter, HoldingsChannel reports. The firm purchased 7,491 shares of the transportation company’s stock, valued at approximately $1,208,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PAC. Quaero Capital S.A. bought a new position in Grupo Aeroportuario del Pacífico in the first quarter valued at approximately $1,322,000. QP Wealth Management LLC bought a new position in Grupo Aeroportuario del Pacífico in the first quarter valued at approximately $266,000. Veriti Management LLC increased its stake in Grupo Aeroportuario del Pacífico by 8.6% in the first quarter. Veriti Management LLC now owns 2,430 shares of the transportation company’s stock valued at $392,000 after acquiring an additional 193 shares during the last quarter. Sanders Morris Harris LLC bought a new stake in shares of Grupo Aeroportuario del Pacífico during the first quarter worth $226,000. Finally, Arden Trust Co grew its stake in shares of Grupo Aeroportuario del Pacífico by 14.1% during the first quarter. Arden Trust Co now owns 3,863 shares of the transportation company’s stock worth $623,000 after buying an additional 478 shares during the last quarter. 12.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. TheStreet raised shares of Grupo Aeroportuario del Pacífico from a “c” rating to a “b” rating in a research note on Friday, May 20th. JPMorgan Chase & Co. cut shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to an “underweight” rating in a research note on Tuesday, May 3rd. Finally, StockNews.com cut shares of Grupo Aeroportuario del Pacífico from a “buy” rating to a “hold” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $147.67.

Grupo Aeroportuario del Pacífico Stock Performance

Shares of Grupo Aeroportuario del Pacífico stock opened at $133.93 on Thursday. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 1.79 and a beta of 1.28. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 1.38. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a twelve month low of $106.15 and a twelve month high of $167.24. The company’s fifty day moving average is $141.96 and its 200 day moving average is $143.32.

Grupo Aeroportuario del Pacífico (NYSE:PACGet Rating) last released its earnings results on Monday, April 25th. The transportation company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.86. The business had revenue of $301.98 million for the quarter. Grupo Aeroportuario del Pacífico had a net margin of 35.83% and a return on equity of 40.48%. Sell-side analysts forecast that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 7.03 EPS for the current year.

Grupo Aeroportuario del Pacífico Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, May 26th. Investors of record on Friday, May 13th were issued a $3.1502 dividend. The ex-dividend date of this dividend was Thursday, May 12th. This represents a yield of 2.5%. Grupo Aeroportuario del Pacífico’s payout ratio is 87.56%.

Grupo Aeroportuario del Pacífico Profile

(Get Rating)

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, manages, operates, and develops airports primarily in Mexico's Pacific region. It operates 12 airports in Guadalajara, Puerto Vallarta, Tijuana, San Josà del Cabo, Guanajuato (BajÃo), Hermosillo, Mexicali, Los Mochis, La Paz, Manzanillo, Morelia, and Aguascalientes.

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Institutional Ownership by Quarter for Grupo Aeroportuario del Pacífico (NYSE:PAC)

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