Invesco Ltd. Decreases Position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Invesco Ltd. lowered its position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 51.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,271 shares of the transportation company's stock after selling 7,554 shares during the quarter. Invesco Ltd.'s holdings in Grupo Aeroportuario del Pacífico were worth $1,272,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PAC. Northcape Capital Pty Ltd raised its holdings in shares of Grupo Aeroportuario del Pacífico by 4.5% in the fourth quarter. Northcape Capital Pty Ltd now owns 171,841 shares of the transportation company's stock worth $30,070,000 after acquiring an additional 7,473 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Grupo Aeroportuario del Pacífico by 317.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 95,750 shares of the transportation company's stock valued at $16,755,000 after purchasing an additional 72,798 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Grupo Aeroportuario del Pacífico by 7.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 92,372 shares of the transportation company's stock valued at $16,164,000 after purchasing an additional 6,139 shares in the last quarter. Maryland State Retirement & Pension System boosted its stake in shares of Grupo Aeroportuario del Pacífico by 5.8% during the 4th quarter. Maryland State Retirement & Pension System now owns 53,676 shares of the transportation company's stock worth $9,393,000 after purchasing an additional 2,936 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Grupo Aeroportuario del Pacífico by 5.4% during the 4th quarter. American Century Companies Inc. now owns 46,033 shares of the transportation company's stock worth $8,055,000 after purchasing an additional 2,366 shares during the last quarter. Hedge funds and other institutional investors own 11.73% of the company's stock.

Grupo Aeroportuario del Pacífico Trading Up 1.3 %

Grupo Aeroportuario del Pacífico stock traded up $2.65 during midday trading on Tuesday, reaching $208.58. The stock had a trading volume of 69,328 shares, compared to its average volume of 70,778. The stock has a market capitalization of $10.54 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 1.28 and a beta of 1.10. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50. The stock's 50-day simple moving average is $190.57 and its 200 day simple moving average is $187.18. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a twelve month low of $146.62 and a twelve month high of $208.97.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last issued its earnings results on Tuesday, April 29th. The transportation company reported $2.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.13 by ($0.41). Grupo Aeroportuario del Pacífico had a return on equity of 43.75% and a net margin of 27.04%. The firm had revenue of $541.03 million for the quarter, compared to analysts' expectations of $554.93 million. Analysts expect that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on PAC shares. Barclays restated an "equal weight" rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. Bank of America cut Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a report on Tuesday, March 4th. Jefferies Financial Group upgraded Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and upped their target price for the company from $140.00 to $210.00 in a research note on Wednesday, February 12th. Finally, StockNews.com raised Grupo Aeroportuario del Pacífico from a "sell" rating to a "hold" rating in a research note on Saturday, April 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $200.00.

About Grupo Aeroportuario del Pacífico

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.