LPL Financial LLC bought a new stake in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,688 shares of the transportation company's stock, valued at approximately $470,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of PAC. Blue Trust Inc. increased its holdings in Grupo Aeroportuario del Pacífico by 13.6% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the transportation company's stock worth $78,000 after purchasing an additional 53 shares in the last quarter. Signaturefd LLC raised its position in Grupo Aeroportuario del Pacífico by 32.1% in the 4th quarter. Signaturefd LLC now owns 333 shares of the transportation company's stock valued at $58,000 after buying an additional 81 shares during the last quarter. Financial Advocates Investment Management lifted its stake in Grupo Aeroportuario del Pacífico by 3.7% in the 4th quarter. Financial Advocates Investment Management now owns 2,487 shares of the transportation company's stock valued at $435,000 after acquiring an additional 88 shares in the last quarter. US Bancorp DE boosted its position in Grupo Aeroportuario del Pacífico by 22.1% during the 4th quarter. US Bancorp DE now owns 547 shares of the transportation company's stock worth $96,000 after acquiring an additional 99 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Grupo Aeroportuario del Pacífico by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,465 shares of the transportation company's stock worth $429,000 after acquiring an additional 175 shares in the last quarter. 11.73% of the stock is owned by institutional investors.
Grupo Aeroportuario del Pacífico Trading Down 0.9 %
Shares of NYSE:PAC traded down $1.86 during mid-day trading on Thursday, reaching $203.65. 7,678 shares of the company's stock were exchanged, compared to its average volume of 87,097. The firm has a market capitalization of $10.29 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 1.28 and a beta of 1.11. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a twelve month low of $146.62 and a twelve month high of $206.79. The business's fifty day moving average price is $189.50 and its 200-day moving average price is $186.21. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50.
Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $2.72 EPS for the quarter, missing analysts' consensus estimates of $3.13 by ($0.41). Grupo Aeroportuario del Pacífico had a net margin of 27.04% and a return on equity of 43.75%. The company had revenue of $541.03 million during the quarter, compared to the consensus estimate of $554.93 million. On average, research analysts predict that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on PAC. Bank of America cut Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a research note on Tuesday, March 4th. StockNews.com upgraded Grupo Aeroportuario del Pacífico from a "sell" rating to a "hold" rating in a research report on Saturday, April 26th. Barclays reiterated an "equal weight" rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. Finally, Jefferies Financial Group raised shares of Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and upped their price target for the stock from $140.00 to $210.00 in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $200.00.
Check Out Our Latest Stock Analysis on PAC
Grupo Aeroportuario del Pacífico Profile
(
Free Report)
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.
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