Capital Research Global Investors Has $4.24 Million Stock Holdings in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Key Points

• Capital Research Global Investors trimmed its stake in Grupo Aeroportuario del Pacífico by 86.6% in Q3, selling 115,858 shares and leaving 17,864 shares valued at about $4.24 million.
• GAP missed its latest quarterly estimates—EPS $1.97 vs. $3.08 expected and revenue $549.0M vs. $613.3M—and analysts remain mixed (two Buys, four Holds), giving the stock an average rating of Hold.

Capital Research Global Investors trimmed its position in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) by 86.6% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 17,864 shares of the transportation company's stock after selling 115,858 shares during the period. Capital Research Global Investors' holdings in Grupo Aeroportuario Del Pacifico were worth $4,237,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in PAC. Allworth Financial LP lifted its stake in shares of Grupo Aeroportuario Del Pacifico by 48.1% during the second quarter. Allworth Financial LP now owns 154 shares of the transportation company's stock valued at $35,000 after acquiring an additional 50 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Grupo Aeroportuario Del Pacifico by 88.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 472 shares of the transportation company's stock worth $112,000 after purchasing an additional 221 shares during the period. Hantz Financial Services Inc. raised its holdings in Grupo Aeroportuario Del Pacifico by 145.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 478 shares of the transportation company's stock worth $113,000 after purchasing an additional 283 shares during the last quarter. Mather Group LLC. bought a new stake in Grupo Aeroportuario Del Pacifico during the 3rd quarter worth about $114,000. Finally, Tower Research Capital LLC TRC lifted its position in Grupo Aeroportuario Del Pacifico by 27,350.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 549 shares of the transportation company's stock valued at $126,000 after purchasing an additional 547 shares during the period. 11.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PAC shares. Bank of America raised shares of Grupo Aeroportuario Del Pacifico from an "underperform" rating to a "buy" rating in a research note on Thursday, December 11th. Citigroup restated a "neutral" rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, January 15th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Thursday, January 22nd. Zacks Research raised shares of Grupo Aeroportuario Del Pacifico from a "strong sell" rating to a "hold" rating in a report on Monday, February 9th. Finally, JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "overweight" rating in a research report on Friday, November 14th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold".

Grupo Aeroportuario Del Pacifico Price Performance

Grupo Aeroportuario Del Pacifico stock opened at $227.58 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. The firm has a market capitalization of $11.50 billion, a P/E ratio of 22.20, a PEG ratio of 1.38 and a beta of 1.01. The business has a 50-day moving average of $269.56 and a 200-day moving average of $248.66. 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.

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

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.

Want to see what other hedge funds are holding PAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.