ABS Direct Equity Fund LLC Takes Position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

ABS Direct Equity Fund LLC purchased a new position in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,950 shares of the transportation company's stock, valued at approximately $2,444,000. Grupo Aeroportuario del Pacífico accounts for about 2.3% of ABS Direct Equity Fund LLC's investment portfolio, making the stock its 13th biggest holding.

Several other institutional investors have also modified their holdings of PAC. Northcape Capital Pty Ltd raised its holdings in Grupo Aeroportuario del Pacífico by 86.4% during the 4th quarter. Northcape Capital Pty Ltd now owns 96,758 shares of the transportation company's stock worth $16,954,000 after buying an additional 44,862 shares during the period. Mackenzie Financial Corp lifted its position in Grupo Aeroportuario del Pacífico by 10.6% in the 4th quarter. Mackenzie Financial Corp now owns 70,888 shares of the transportation company's stock valued at $12,421,000 after acquiring an additional 6,776 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Grupo Aeroportuario del Pacífico by 5.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 1,953 shares of the transportation company's stock valued at $321,000 after acquiring an additional 108 shares in the last quarter. Blue Trust Inc. boosted its stake in Grupo Aeroportuario del Pacífico by 19.3% in the 4th quarter. Blue Trust Inc. now owns 685 shares of the transportation company's stock worth $113,000 after purchasing an additional 111 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Grupo Aeroportuario del Pacífico by 300.0% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 43,200 shares of the transportation company's stock worth $7,101,000 after purchasing an additional 32,400 shares in the last quarter. Institutional investors own 11.73% of the company's stock.

Grupo Aeroportuario del Pacífico Stock Up 0.6 %

Shares of PAC stock traded up $1.04 during trading on Friday, reaching $183.99. The company's stock had a trading volume of 20,537 shares, compared to its average volume of 55,065. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a one year low of $107.25 and a one year high of $196.66. The business has a fifty day moving average price of $159.42 and a 200-day moving average price of $153.92. The company has a market cap of $9.30 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 2.66 and a beta of 1.46. The company has a quick ratio of 1.22, a current ratio of 1.13 and a debt-to-equity ratio of 1.83.

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

Wall Street Analysts Forecast Growth

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

Grupo Aeroportuario del Pacífico 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.