Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System cut its stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 21.4% during the first quarter, Holdings Channel reports. The firm owned 36,699 shares of the transportation company’s stock after selling 9,981 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Grupo Aeroportuario Del Pacifico were worth $9,060,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in shares of Grupo Aeroportuario Del Pacifico by 65.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 164 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 65 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in Grupo Aeroportuario Del Pacifico during the 3rd quarter worth about $43,000. Kestra Advisory Services LLC purchased a new stake in Grupo Aeroportuario Del Pacifico during the fourth quarter valued at about $54,000. Van ECK Associates Corp lifted its stake in Grupo Aeroportuario Del Pacifico by 20.6% during the third quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock valued at $79,000 after buying an additional 57 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Grupo Aeroportuario Del Pacifico by 92.0% in the fourth quarter. Allworth Financial LP now owns 311 shares of the transportation company’s stock worth $82,000 after buying an additional 149 shares during the period. 11.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Grupo Aeroportuario Del Pacifico currently has an average rating of “Hold”.

Grupo Aeroportuario Del Pacifico Stock Down 2.7%

Shares of Grupo Aeroportuario Del Pacifico stock opened at $226.46 on Wednesday. The stock has a 50-day moving average price of $242.75 and a 200 day moving average price of $254.04. The company has a market cap of $11.44 billion, a P/E ratio of 20.29, a P/E/G ratio of 0.86 and a beta of 0.93. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.90. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 1 year low of $206.91 and a 1 year high of $300.41.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last released its earnings results on Tuesday, March 31st. The transportation company reported $3.72 earnings per share for the quarter. The company had revenue of $635.54 million for the quarter. Grupo Aeroportuario Del Pacifico had a return on equity of 43.12% and a net margin of 25.04%. As a group, analysts expect that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 12.4 EPS for the current fiscal year.

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.