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

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

Analysts Set New Price Targets

Several brokerages recently weighed in on PAC. Zacks Research upgraded Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Scotiabank reaffirmed a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Thursday, December 4th. Citigroup reiterated a “neutral” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, January 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Thursday, January 22nd. Finally, 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. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Grupo Aeroportuario Del Pacifico Trading Down 0.5%

Shares of Grupo Aeroportuario Del Pacifico stock traded down $1.20 during trading on Monday, reaching $241.92. 154,783 shares of the stock were exchanged, compared to its average volume of 106,052. The company has a quick ratio of 2.01, a current ratio of 0.91 and a debt-to-equity ratio of 2.21. The firm has a market cap of $12.22 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth 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 stock’s fifty day moving average is $262.90 and its 200 day moving average is $247.95.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last announced its quarterly earnings results on Sunday, February 15th. The transportation company reported $1.88 earnings per share (EPS) for the quarter. The company had revenue of $549.01 million for 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 research analysts expect that Grupo Aeroportuario Del Pacifico will post 10 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

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

About Grupo Aeroportuario Del Pacifico

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.