Envestnet Asset Management Inc. Grows Position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Envestnet Asset Management Inc. grew its stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 21.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,018 shares of the transportation company's stock after acquiring an additional 1,436 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Grupo Aeroportuario del Pacífico were worth $1,403,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC grew its stake in shares of Grupo Aeroportuario del Pacífico by 7.6% in the third quarter. Geode Capital Management LLC now owns 2,465 shares of the transportation company's stock valued at $429,000 after buying an additional 175 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Grupo Aeroportuario del Pacífico by 26.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,158 shares of the transportation company's stock valued at $376,000 after purchasing an additional 448 shares in the last quarter. Northcape Capital Pty Ltd lifted its position in shares of Grupo Aeroportuario del Pacífico by 4.5% during the 4th quarter. Northcape Capital Pty Ltd now owns 171,841 shares of the transportation company's stock valued at $30,070,000 after acquiring an additional 7,473 shares during the last quarter. Outlook Wealth Advisors LLC boosted its position in shares of Grupo Aeroportuario del Pacífico by 12.2% in the fourth quarter. Outlook Wealth Advisors LLC now owns 2,397 shares of the transportation company's stock worth $419,000 after buying an additional 261 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in shares of Grupo Aeroportuario del Pacífico by 7.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 92,372 shares of the transportation company's stock worth $16,164,000 after acquiring an additional 6,139 shares during the last quarter. Hedge funds and other institutional investors own 11.73% of the company's stock.

Analyst Ratings Changes

PAC has been the subject of several recent analyst reports. Jefferies Financial Group raised shares of Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and upped their price objective for the stock from $140.00 to $210.00 in a report on Wednesday, February 12th. Barclays reissued an "equal weight" rating on shares of Grupo Aeroportuario del Pacífico in a research note on Tuesday, January 21st. Bank of America cut shares of Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a research report on Tuesday, March 4th. Finally, StockNews.com upgraded Grupo Aeroportuario del Pacífico from a "sell" rating to a "hold" rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $200.00.

Grupo Aeroportuario del Pacífico Trading Down 1.6 %

NYSE PAC opened at $198.73 on Wednesday. The firm has a market capitalization of $10.04 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 1.28 and a beta of 1.11. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 12 month low of $146.62 and a 12 month high of $206.79. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08. The business's 50-day moving average price is $189.33 and its two-hundred day moving average price is $186.08.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The transportation company reported $2.72 EPS for the quarter, missing the consensus estimate of $3.03 by ($0.31). Grupo Aeroportuario del Pacífico had a net margin of 27.04% and a return on equity of 43.75%. On average, analysts expect that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 EPS for the current year.

Grupo Aeroportuario del Pacífico Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.