Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Position Increased by Northcape Capital Pty Ltd

Northcape Capital Pty Ltd grew its position in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 1.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 164,368 shares of the transportation company’s stock after purchasing an additional 2,557 shares during the period. Grupo Aeroportuario del Pacífico makes up about 4.2% of Northcape Capital Pty Ltd’s holdings, making the stock its 6th largest holding. Northcape Capital Pty Ltd owned about 0.33% of Grupo Aeroportuario del Pacífico worth $28,603,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of PAC. Blue Trust Inc. boosted its holdings in Grupo Aeroportuario del Pacífico by 163.0% during the 2nd quarter. Blue Trust Inc. now owns 284 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 176 shares during the period. Mather Group LLC. acquired a new stake in Grupo Aeroportuario del Pacífico during the 1st quarter worth approximately $119,000. SG Americas Securities LLC purchased a new position in Grupo Aeroportuario del Pacífico in the 2nd quarter valued at approximately $242,000. Sanders Morris Harris LLC acquired a new position in shares of Grupo Aeroportuario del Pacífico in the first quarter worth $261,000. Finally, Virtu Financial LLC purchased a new stake in shares of Grupo Aeroportuario del Pacífico during the first quarter worth $293,000. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PAC has been the subject of several analyst reports. The Goldman Sachs Group boosted their target price on Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Thursday, September 5th. Citigroup upgraded shares of Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research note on Wednesday, August 28th. Scotiabank downgraded shares of Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $224.00 to $185.00 in a research report on Wednesday, September 25th. Finally, Bank of America raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $195.00.

Grupo Aeroportuario del Pacífico Price Performance

Shares of NYSE:PAC traded down $3.32 during trading on Friday, hitting $173.07. 143,085 shares of the company were exchanged, compared to its average volume of 57,603. The firm’s 50 day moving average price is $169.92 and its 200-day moving average price is $169.67. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 12-month low of $107.25 and a 12-month high of $197.31. The stock has a market capitalization of $8.75 billion, a P/E ratio of 15.91, a PEG ratio of 1.59 and a beta of 1.46.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last announced its quarterly earnings results on Monday, July 22nd. The transportation company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.46). The company had revenue of $421.54 million during the quarter. Grupo Aeroportuario del Pacífico had a net margin of 29.26% and a return on equity of 47.50%. As a group, equities research analysts anticipate that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 9.88 EPS for the current year.

Grupo Aeroportuario del Pacífico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and manage airports in Mexico and Jamaica. The company operates twelve international airports in Guadalajara and Tijuana areas, Mexico; and two international airports in Montego Bay, Jamaica.