ABS Direct Equity Fund LLC Has $3.66 Million Stock Position in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

ABS Direct Equity Fund LLC grew its stake in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 44.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,820 shares of the transportation company’s stock after purchasing an additional 4,560 shares during the period. Grupo Aeroportuario Del Pacifico comprises about 2.8% of ABS Direct Equity Fund LLC’s investment portfolio, making the stock its 10th biggest position. ABS Direct Equity Fund LLC’s holdings in Grupo Aeroportuario Del Pacifico were worth $3,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in PAC. Lazard Asset Management LLC increased its position in shares of Grupo Aeroportuario Del Pacifico by 21.8% during the fourth quarter. Lazard Asset Management LLC now owns 1,154,495 shares of the transportation company’s stock valued at $304,359,000 after purchasing an additional 206,914 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of Grupo Aeroportuario Del Pacifico during the 4th quarter valued at about $42,634,000. 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 3rd quarter valued at about $30,453,000. Fisher Funds Management LTD bought a new stake in Grupo Aeroportuario Del Pacifico in the fourth quarter valued at about $25,933,000. Finally, Janney Montgomery Scott LLC increased its stake in Grupo Aeroportuario Del Pacifico by 4,465.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 47,842 shares of the transportation company’s stock valued at $12,613,000 after acquiring an additional 46,794 shares during the period. Institutional investors and hedge funds own 11.73% of the company’s stock.

Analyst Ratings Changes

PAC has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, June 3rd. Citigroup upgraded Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a research note on Monday, July 20th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Grupo Aeroportuario Del Pacifico Stock Performance

NYSE PAC opened at $215.59 on Monday. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 1-year low of $206.91 and a 1-year high of $300.41. The company has a 50 day moving average of $238.59 and a 200-day moving average of $251.43. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.95. The firm has a market cap of $10.89 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 1.50 and a beta of 0.93.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last announced its earnings results on Tuesday, July 14th. The transportation company reported $2.80 EPS for the quarter, missing the consensus estimate of $3.10 by ($0.30). Grupo Aeroportuario Del Pacifico had a return on equity of 32.44% and a net margin of 25.36%.The business had revenue of $645.23 million during the quarter, compared to analyst estimates of $732.26 million. On average, equities analysts forecast that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 11.24 earnings per share for the current fiscal year.

Grupo Aeroportuario Del Pacifico Company 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.