Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Short Interest Update

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Get Free Report) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 149,600 shares, an increase of 38.3% from the March 15th total of 108,200 shares. Based on an average daily trading volume, of 61,100 shares, the short-interest ratio is presently 2.4 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

A number of institutional investors have recently made changes to their positions in the business. Sanders Morris Harris LLC purchased a new stake in shares of Grupo Aeroportuario del Pacífico in the 1st quarter valued at $261,000. Mather Group LLC. purchased a new stake in shares of Grupo Aeroportuario del Pacífico in the 1st quarter valued at $119,000. Profund Advisors LLC boosted its stake in shares of Grupo Aeroportuario del Pacífico by 9.7% in the 4th quarter. Profund Advisors LLC now owns 2,094 shares of the transportation company's stock valued at $367,000 after purchasing an additional 185 shares in the last quarter. Freedom Investment Management Inc. boosted its stake in shares of Grupo Aeroportuario del Pacífico by 42.5% in the 4th quarter. Freedom Investment Management Inc. now owns 2,598 shares of the transportation company's stock valued at $455,000 after purchasing an additional 775 shares in the last quarter. Finally, Pathstone Holdings LLC purchased a new stake in Grupo Aeroportuario del Pacífico during the 4th quarter valued at $250,000. Hedge funds and other institutional investors own 11.73% of the company's stock.

Grupo Aeroportuario del Pacífico Price Performance

PAC stock traded down $2.02 during midday trading on Friday, reaching $162.76. The company had a trading volume of 46,423 shares, compared to its average volume of 59,109. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.13 and a quick ratio of 1.22. Grupo Aeroportuario del Pacífico has a 1 year low of $107.25 and a 1 year high of $197.38. The company has a market capitalization of $8.22 billion, a P/E ratio of 14.74, a P/E/G ratio of 1.84 and a beta of 1.53. The firm has a 50-day moving average price of $155.54 and a 200-day moving average price of $151.20.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last announced its quarterly earnings data on Monday, February 26th. The transportation company reported $2.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.37 by $0.18. Grupo Aeroportuario del Pacífico had a net margin of 29.52% and a return on equity of 50.27%. The company had revenue of $520.93 million during the quarter. On average, research analysts anticipate that Grupo Aeroportuario del Pacífico will post 12.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $135.00 to $175.00 in a research note on Friday, January 26th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Grupo Aeroportuario del Pacífico presently has an average rating of "Moderate Buy" and an average target price of $175.00.

About Grupo Aeroportuario del Pacífico

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, manages, operates, and develops airports primarily in Mexico's Pacific region. The company was incorporated in 1998 and is headquartered in Guadalajara, Mexico.