Envestnet Asset Management Inc. Has $3.39 Million Stake in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Envestnet Asset Management Inc. raised its stake in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 95.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,304 shares of the transportation company’s stock after acquiring an additional 6,970 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Grupo Aeroportuario Del Pacifico were worth $3,393,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lazard Asset Management LLC increased its position in Grupo Aeroportuario Del Pacifico by 7.6% during the 2nd quarter. Lazard Asset Management LLC now owns 835,369 shares of the transportation company’s stock worth $191,816,000 after purchasing an additional 59,351 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Grupo Aeroportuario Del Pacifico by 192.5% during the second quarter. American Century Companies Inc. now owns 143,018 shares of the transportation company’s stock worth $32,840,000 after buying an additional 94,115 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Grupo Aeroportuario Del Pacifico by 7.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 107,669 shares of the transportation company’s stock valued at $24,723,000 after acquiring an additional 7,406 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Grupo Aeroportuario Del Pacifico during the 1st quarter valued at $16,136,000. Finally, Arrowstreet Capital Limited Partnership grew its position in Grupo Aeroportuario Del Pacifico by 28.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 84,831 shares of the transportation company’s stock worth $19,479,000 after acquiring an additional 18,666 shares during the last quarter. 11.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PAC shares. Scotiabank reaffirmed a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, December 4th. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, January 22nd. Zacks Research upgraded shares of Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a research report on Friday, November 14th. Finally, Citigroup reissued a “neutral” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, January 15th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold”.

Grupo Aeroportuario Del Pacifico Stock Performance

Grupo Aeroportuario Del Pacifico stock opened at $265.13 on Wednesday. The firm has a 50 day moving average price of $274.43 and a two-hundred day moving average price of $248.77. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.01 and a current ratio of 2.01. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 52-week low of $168.62 and a 52-week high of $300.41.

About Grupo Aeroportuario Del Pacifico

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE:PAC), commonly known as GAP, is a leading airport operator in Mexico. Established in 1998 as part of the federal government’s airport privatization program, GAP holds long‐term concession agreements—typically 50 years—to manage, develop and operate airports under a public–private partnership model. Through these concessions, the company undertakes terminal expansions, runway maintenance and the modernization of navigation and security systems.

The company’s portfolio comprises 12 airports across Mexico’s Pacific and western regions, including major hubs such as Guadalajara, Tijuana, Los Cabos, Puerto Vallarta and Mazatlán, as well as regional facilities in Aguascalientes, Morelia and La Paz.