Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC Shares Sold by 1832 Asset Management L.P.

1832 Asset Management L.P. reduced its position in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 4.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,395 shares of the transportation company’s stock after selling 2,827 shares during the period. 1832 Asset Management L.P. owned about 0.13% of Grupo Aeroportuario Del Pacifico worth $15,475,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of PAC. Allworth Financial LP grew its holdings in Grupo Aeroportuario Del Pacifico by 48.1% in the second quarter. Allworth Financial LP now owns 154 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 50 shares during the last quarter. CWM LLC raised its stake in shares of Grupo Aeroportuario Del Pacifico by 41.5% during the 2nd quarter. CWM LLC now owns 174 shares of the transportation company’s stock worth $40,000 after buying an additional 51 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of Grupo Aeroportuario Del Pacifico by 680.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 195 shares of the transportation company’s stock worth $45,000 after buying an additional 170 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Grupo Aeroportuario Del Pacifico in the 1st quarter valued at about $54,000. Finally, Blue Trust Inc. grew its stake in Grupo Aeroportuario Del Pacifico by 24.9% in the 2nd quarter. Blue Trust Inc. now owns 596 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 119 shares during the last quarter. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PAC. Scotiabank restated a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday. Citigroup restated a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, September 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a research report on Friday, November 14th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $210.00.

Grupo Aeroportuario Del Pacifico Price Performance

PAC stock opened at $229.28 on Friday. The stock has a market capitalization of $11.59 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 2.97 and a beta of 1.04. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 2.21. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 52-week low of $168.62 and a 52-week high of $259.33. The stock’s fifty day simple moving average is $223.97 and its 200-day simple moving average is $231.84.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last released its earnings results on Monday, October 20th. The transportation company reported $2.86 EPS for the quarter, missing the consensus estimate of $2.96 by ($0.10). Grupo Aeroportuario Del Pacifico had a net margin of 25.27% and a return on equity of 42.07%. The business had revenue of $520.69 million during the quarter, compared to analyst estimates of $11.04 billion. Equities research analysts expect that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 EPS for the current year.

Grupo Aeroportuario Del Pacifico Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and manage airports in Mexico and Jamaica. The company operates twelve international airports in Guadalajara and Tijuana areas, Mexico; and two international airports in Montego Bay, Jamaica.