Principal Financial Group Inc. Sells 5,319 Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Principal Financial Group Inc. decreased its position in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 9.2% during the third quarter, Holdings Channel reports. The institutional investor owned 52,553 shares of the transportation company’s stock after selling 5,319 shares during the period. Principal Financial Group Inc.’s holdings in Grupo Aeroportuario Del Pacifico were worth $12,465,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Allworth Financial LP raised its holdings in Grupo Aeroportuario Del Pacifico by 48.1% during the second quarter. Allworth Financial LP now owns 154 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 50 shares during the period. CWM LLC boosted its stake in shares of Grupo Aeroportuario Del Pacifico by 41.5% in the second quarter. CWM LLC now owns 174 shares of the transportation company’s stock worth $40,000 after acquiring an additional 51 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Grupo Aeroportuario Del Pacifico by 1.6% during the second quarter. Envestnet Asset Management Inc. now owns 7,334 shares of the transportation company’s stock worth $1,684,000 after purchasing an additional 115 shares in the last quarter. Blue Trust Inc. raised its stake in Grupo Aeroportuario Del Pacifico by 24.9% during the 2nd quarter. Blue Trust Inc. now owns 596 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 119 shares during the period. Finally, Hantz Financial Services Inc. lifted its holdings in Grupo Aeroportuario Del Pacifico by 680.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 195 shares of the transportation company’s stock worth $45,000 after purchasing an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario Del Pacifico Price Performance

Grupo Aeroportuario Del Pacifico stock opened at $293.59 on Thursday. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 52-week low of $168.62 and a 52-week high of $293.95. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 2.21. The firm’s fifty day moving average is $267.26 and its 200 day moving average is $245.34. The company has a market cap of $14.83 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 2.17 and a beta of 1.00.

Wall Street Analysts Forecast Growth

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