Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its stake in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 5.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 113,102 shares of the transportation company’s stock after acquiring an additional 5,433 shares during the period. Russell Investments Group Ltd.’s holdings in Grupo Aeroportuario Del Pacifico were worth $26,827,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in PAC. Allworth Financial LP lifted its position in Grupo Aeroportuario Del Pacifico by 48.1% in the second quarter. Allworth Financial LP now owns 154 shares of the transportation company’s stock worth $35,000 after purchasing an additional 50 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Grupo Aeroportuario Del Pacifico by 88.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 472 shares of the transportation company’s stock valued at $112,000 after purchasing an additional 221 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Grupo Aeroportuario Del Pacifico by 145.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 478 shares of the transportation company’s stock worth $113,000 after buying an additional 283 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Grupo Aeroportuario Del Pacifico in the 3rd quarter worth $114,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Grupo Aeroportuario Del Pacifico by 27,350.0% in the second quarter. Tower Research Capital LLC TRC now owns 549 shares of the transportation company’s stock valued at $126,000 after buying an additional 547 shares during the period. Institutional investors and hedge funds own 11.73% of the company’s stock.

Grupo Aeroportuario Del Pacifico Stock Performance

PAC stock opened at $227.58 on Friday. The firm has a 50 day simple moving average of $269.56 and a 200 day simple moving average of $248.66. The stock has a market cap of $11.50 billion, a P/E ratio of 22.20, a P/E/G ratio of 1.38 and a beta of 1.01. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 52 week low of $168.62 and a 52 week high of $300.41. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.01 and a current ratio of 0.91.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last announced its quarterly earnings results on Tuesday, February 24th. The transportation company reported $1.97 EPS for the quarter, missing the consensus estimate of $3.08 by ($1.11). Grupo Aeroportuario Del Pacifico had a net margin of 24.06% and a return on equity of 41.85%. The firm had revenue of $549.01 million during the quarter, compared to the consensus estimate of $613.30 million. Research analysts anticipate that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PAC. JPMorgan Chase & Co. raised Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a research note on Friday, November 14th. Bank of America upgraded shares of Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a research report on Thursday, December 11th. Zacks Research raised shares of Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Citigroup reiterated a “neutral” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, January 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Grupo Aeroportuario Del Pacifico presently has a consensus rating of “Hold”.

Grupo Aeroportuario Del Pacifico Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE:PAC), commonly known as GAP, is a leading airport operator in Mexico. Established in 1998 as part of the federal government’s airport privatization program, GAP holds long‐term concession agreements—typically 50 years—to manage, develop and operate airports under a public–private partnership model. Through these concessions, the company undertakes terminal expansions, runway maintenance and the modernization of navigation and security systems.

The company’s portfolio comprises 12 airports across Mexico’s Pacific and western regions, including major hubs such as Guadalajara, Tijuana, Los Cabos, Puerto Vallarta and Mazatlán, as well as regional facilities in Aguascalientes, Morelia and La Paz.