AdvisorShares Investments LLC Takes $937,000 Position in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

AdvisorShares Investments LLC bought a new stake in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,950 shares of the transportation company’s stock, valued at approximately $937,000.

Several other hedge funds and other institutional investors have also modified their holdings of PAC. Allworth Financial LP increased 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 worth $35,000 after buying an additional 50 shares during the last quarter. CWM LLC lifted its position 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 purchasing an additional 51 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Grupo Aeroportuario Del Pacifico by 680.0% during the second quarter. Hantz Financial Services Inc. now owns 195 shares of the transportation company’s stock worth $45,000 after buying an additional 170 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Grupo Aeroportuario Del Pacifico by 88.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 472 shares of the transportation company’s stock valued at $112,000 after purchasing an additional 221 shares during the last quarter. Finally, Mather Group LLC. acquired a new position in shares of Grupo Aeroportuario Del Pacifico during the third quarter valued at about $114,000. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, January 22nd. Zacks Research lowered shares of Grupo Aeroportuario Del Pacifico from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Scotiabank restated a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Thursday, December 4th. Citigroup reissued a “neutral” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, January 15th. Finally, JPMorgan Chase & Co. raised Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a report on Friday, November 14th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $210.00.

Grupo Aeroportuario Del Pacifico Trading Up 3.9%

Shares of PAC stock opened at $287.09 on Friday. The firm has a fifty day moving average of $263.80 and a 200-day moving average of $243.92. The company has a debt-to-equity ratio of 2.21, a current ratio of 2.01 and a quick ratio of 2.01. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 12-month low of $168.62 and a 12-month high of $287.51.

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.