Diversify Wealth Management LLC Buys New Holdings in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Diversify Wealth Management LLC purchased a new position in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,402 shares of the transportation company’s stock, valued at approximately $1,044,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Triasima Portfolio Management inc. acquired a new position in shares of Grupo Aeroportuario Del Pacifico during the 3rd quarter worth approximately $2,056,000. American Century Companies Inc. lifted its holdings in Grupo Aeroportuario Del Pacifico by 192.5% during the 2nd quarter. American Century Companies Inc. now owns 143,018 shares of the transportation company’s stock valued at $32,840,000 after purchasing an additional 94,115 shares during the last quarter. Lazard Asset Management LLC boosted its position in Grupo Aeroportuario Del Pacifico by 7.6% during the second 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 during the period. Empirical Finance LLC acquired a new position in shares of Grupo Aeroportuario Del Pacifico in the second quarter valued at $3,593,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Grupo Aeroportuario Del Pacifico in the second quarter valued at $1,387,000. Institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario Del Pacifico Stock Down 2.9%

NYSE PAC opened at $260.48 on Friday. The company has a current ratio of 0.91, a quick ratio of 2.01 and a debt-to-equity ratio of 2.21. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 1-year low of $168.62 and a 1-year high of $300.41. The company has a 50 day moving average of $274.52 and a 200-day moving average of $249.14.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last issued its quarterly earnings results on Monday, February 23rd. The transportation company reported $1.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.08 by ($1.11). Grupo Aeroportuario Del Pacifico had a net margin of 24.06% and a return on equity of 41.85%. The company had revenue of $549.01 million during the quarter, compared to the consensus estimate of $613.30 million. As a group, equities research analysts expect that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Citigroup reaffirmed a “neutral” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, January 15th. Bank of America upgraded Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a report on Thursday, December 11th. Scotiabank reaffirmed a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, December 4th. JPMorgan Chase & Co. upgraded Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a research note on Friday, November 14th. Finally, Zacks Research upgraded Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Grupo Aeroportuario Del Pacifico currently has a consensus rating of “Hold”.

Grupo Aeroportuario Del Pacifico Profile

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.