Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Short Interest Up 31.3% in March

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 536,104 shares, a growth of 31.3% from the February 26th total of 408,349 shares. Based on an average daily trading volume, of 105,303 shares, the days-to-cover ratio is currently 5.1 days. Approximately 1.1% of the shares of the company are short sold.

Grupo Aeroportuario Del Pacifico Stock Performance

Shares of Grupo Aeroportuario Del Pacifico stock traded down $0.56 on Friday, hitting $242.78. 117,505 shares of the company’s stock were exchanged, compared to its average volume of 106,052. The company has a 50-day simple moving average of $263.34 and a 200-day simple moving average of $248.06. The stock has a market capitalization of $12.27 billion, a PE ratio of 23.69, a PEG ratio of 1.41 and a beta of 1.01. Grupo Aeroportuario Del Pacifico has a 1 year low of $168.62 and a 1 year 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 posted its quarterly earnings data on Sunday, February 15th. The transportation company reported $1.88 EPS for the quarter. The firm had revenue of $549.01 million during the quarter. Grupo Aeroportuario Del Pacifico had a return on equity of 41.85% and a net margin of 24.06%. As a group, equities analysts anticipate that Grupo Aeroportuario Del Pacifico will post 10 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PAC. Bank of America upgraded shares of Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a research note on Thursday, December 11th. Scotiabank restated a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, December 4th. Zacks Research upgraded shares of Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Citigroup reaffirmed a “neutral” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, January 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Lazard Asset Management LLC grew its stake in shares of Grupo Aeroportuario Del Pacifico by 21.8% during the 4th quarter. Lazard Asset Management LLC now owns 1,154,495 shares of the transportation company’s stock valued at $304,359,000 after acquiring an additional 206,914 shares during the period. State Street Corp boosted its position in shares of Grupo Aeroportuario Del Pacifico by 3.6% in the fourth quarter. State Street Corp now owns 403,691 shares of the transportation company’s stock worth $106,425,000 after purchasing an additional 14,079 shares during the period. Northcape Capital Pty Ltd increased its stake in shares of Grupo Aeroportuario Del Pacifico by 1.7% in the fourth quarter. Northcape Capital Pty Ltd now owns 191,049 shares of the transportation company’s stock worth $51,589,000 after purchasing an additional 3,214 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Grupo Aeroportuario Del Pacifico during the 4th quarter valued at $42,634,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Grupo Aeroportuario Del Pacifico by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 154,800 shares of the transportation company’s stock valued at $40,805,000 after purchasing an additional 6,085 shares during the period. 11.73% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario Del Pacifico Company 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.