American Century Companies Inc. Has $36.37 Million Stock Holdings in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Key Points

• American Century raised its stake in Grupo Aeroportuario Del Pacifico by 7.2% to 153,328 shares, worth about $36.37 million (roughly a 0.30% ownership).
• Earnings miss: PAC reported $1.97 EPS vs. $3.08 expected and $549.0M revenue vs. $613.3M expected, with the stock down ~2.4% and trading near $237.89 (market cap ~$12.02B).
• Analysts maintain a consensus rating of "Hold" (2 Buy, 4 Hold) and institutional/hedge fund ownership stands around 11.73%.

American Century Companies Inc. raised its holdings in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) by 7.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 153,328 shares of the transportation company's stock after buying an additional 10,310 shares during the period. American Century Companies Inc. owned about 0.30% of Grupo Aeroportuario Del Pacifico worth $36,368,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Triasima Portfolio Management inc. bought a new position in Grupo Aeroportuario Del Pacifico in the 3rd quarter valued at $2,056,000. Quadrature Capital Ltd bought a new position in shares of Grupo Aeroportuario Del Pacifico in the 2nd quarter worth $1,387,000. Empirical Finance LLC purchased a new stake in shares of Grupo Aeroportuario Del Pacifico during the 2nd quarter valued at $3,593,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Grupo Aeroportuario Del Pacifico during the 2nd quarter worth $1,297,000. Finally, Metis Global Partners LLC boosted its position in Grupo Aeroportuario Del Pacifico by 27.7% during the second quarter. Metis Global Partners LLC now owns 30,892 shares of the transportation company's stock valued at $7,093,000 after buying an additional 6,708 shares during the period. 11.73% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario Del Pacifico Stock Down 2.4%

PAC stock opened at $237.89 on Friday. The firm's fifty day simple moving average is $271.95 and its 200-day simple moving average is $249.06. The company has a market capitalization of $12.02 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 1.42 and a beta of 1.01. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 12 month low of $168.62 and a 12 month high of $300.41. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.91 and a quick ratio of 2.01.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last posted its earnings results on Tuesday, February 24th. The transportation company reported $1.97 EPS for the quarter, missing the consensus estimate of $3.08 by ($1.11). Grupo Aeroportuario Del Pacifico had a return on equity of 41.85% and a net margin of 24.06%.The company had revenue of $549.01 million for the quarter, compared to analyst estimates of $613.30 million. As a group, equities research analysts forecast that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on PAC. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Thursday, January 22nd. JPMorgan Chase & Co. raised Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "overweight" rating in a research note on Friday, November 14th. Zacks Research upgraded Grupo Aeroportuario Del Pacifico from a "strong sell" rating to a "hold" rating in a report on Monday, February 9th. Scotiabank reiterated a "sector perform" rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, December 4th. Finally, Citigroup reiterated a "neutral" rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Thursday, January 15th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock 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.

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