The Manufacturers Life Insurance Company Has $1.10 Million Stock Position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

The Manufacturers Life Insurance Company decreased its stake in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 28.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,299 shares of the transportation company's stock after selling 2,518 shares during the period. The Manufacturers Life Insurance Company's holdings in Grupo Aeroportuario del Pacífico were worth $1,102,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in Grupo Aeroportuario del Pacífico by 22.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,056,454 shares of the transportation company's stock valued at $184,870,000 after purchasing an additional 190,955 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings 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 period. Janney Montgomery Scott LLC boosted 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 during the period. Maryland State Retirement & Pension System boosted its holdings in Grupo Aeroportuario del Pacífico by 5.8% in the 4th quarter. Maryland State Retirement & Pension System now owns 53,676 shares of the transportation company's stock valued at $9,393,000 after purchasing an additional 2,936 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Grupo Aeroportuario del Pacífico by 5.4% in the 4th quarter. American Century Companies Inc. now owns 46,033 shares of the transportation company's stock valued at $8,055,000 after purchasing an additional 2,366 shares during the period. Institutional investors own 11.73% of the company's stock.

Analysts Set New Price Targets

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

Grupo Aeroportuario del Pacífico Price Performance

Shares of NYSE:PAC traded down $3.53 during midday trading on Friday, hitting $222.17. The stock had a trading volume of 99,963 shares, compared to its average volume of 72,736. The company's 50-day moving average price is $195.74 and its 200-day moving average price is $189.55. The company has a market capitalization of $11.23 billion, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 1.28 and a beta of 1.10. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a fifty-two week low of $146.62 and a fifty-two week high of $225.95. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $541.03 million for the quarter, compared to analyst estimates of $554.93 million. Grupo Aeroportuario del Pacífico had a return on equity of 43.75% and a net margin of 27.04%. As a group, equities research analysts predict that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 EPS for the current fiscal year.

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.