Russell Investments Group Ltd. Buys 4,590 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Russell Investments Group Ltd. increased its position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 4.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,910 shares of the transportation company's stock after acquiring an additional 4,590 shares during the quarter. Russell Investments Group Ltd. owned about 0.20% of Grupo Aeroportuario del Pacífico worth $17,331,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PAC. Deutsche Bank AG boosted its holdings in Grupo Aeroportuario del Pacífico by 63.9% in the 3rd quarter. Deutsche Bank AG now owns 998,367 shares of the transportation company's stock valued at $164,102,000 after purchasing an additional 389,214 shares during the period. Northcape Capital Pty Ltd boosted its stake in Grupo Aeroportuario del Pacífico by 86.4% during the fourth quarter. Northcape Capital Pty Ltd now owns 96,758 shares of the transportation company's stock valued at $16,954,000 after buying an additional 44,862 shares during the period. Mackenzie Financial Corp boosted its stake in Grupo Aeroportuario del Pacífico by 10.6% during the fourth quarter. Mackenzie Financial Corp now owns 70,888 shares of the transportation company's stock valued at $12,421,000 after buying an additional 6,776 shares during the period. CWA Asset Management Group LLC grew its position in Grupo Aeroportuario del Pacífico by 219.1% during the third quarter. CWA Asset Management Group LLC now owns 63,942 shares of the transportation company's stock worth $10,510,000 after buying an additional 43,904 shares in the last quarter. Finally, Itau Unibanco Holding S.A. increased its stake in Grupo Aeroportuario del Pacífico by 3.5% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 62,358 shares of the transportation company's stock worth $10,250,000 after acquiring an additional 2,092 shares during the last quarter. Hedge funds and other institutional investors own 11.73% of the company's stock.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $135.00 to $175.00 in a report on Friday, January 26th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $175.00.

Grupo Aeroportuario del Pacífico Price Performance

Shares of Grupo Aeroportuario del Pacífico stock traded up $1.04 on Friday, hitting $183.99. 20,537 shares of the company traded hands, compared to its average volume of 55,065. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 12-month low of $107.25 and a 12-month high of $196.66. The firm's 50-day simple moving average is $159.42 and its 200 day simple moving average is $153.62. The company has a market cap of $9.30 billion, a P/E ratio of 16.43, a P/E/G ratio of 2.64 and a beta of 1.46. The company has a current ratio of 1.13, a quick ratio of 1.22 and a debt-to-equity ratio of 1.83.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last released its quarterly earnings results on Monday, February 26th. The transportation company reported $2.55 earnings per share for the quarter, beating analysts' consensus estimates of $2.37 by $0.18. Grupo Aeroportuario del Pacífico had a return on equity of 52.18% and a net margin of 29.12%. The business had revenue of $520.93 million for the quarter. Analysts expect that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10.76 earnings per share for the current fiscal year.

Grupo Aeroportuario del Pacífico Company Profile

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.