Empowered Funds LLC Acquires New Stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Empowered Funds LLC acquired a new stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 858 shares of the transportation company’s stock, valued at approximately $150,000.

Several other institutional investors have also bought and sold shares of PAC. Van ECK Associates Corp lifted its stake in Grupo Aeroportuario del Pacífico by 67.9% in the third quarter. Van ECK Associates Corp now owns 220 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 89 shares during the last quarter. Signaturefd LLC lifted its stake in Grupo Aeroportuario del Pacífico by 34.0% in the third quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 64 shares during the last quarter. Fifth Third Bancorp lifted its stake in Grupo Aeroportuario del Pacífico by 327.4% in the fourth quarter. Fifth Third Bancorp now owns 359 shares of the transportation company’s stock valued at $63,000 after purchasing an additional 275 shares during the last quarter. Blue Trust Inc. lifted its stake in Grupo Aeroportuario del Pacífico by 37.3% in the third quarter. Blue Trust Inc. now owns 390 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 106 shares during the last quarter. Finally, US Bancorp DE lifted its stake in Grupo Aeroportuario del Pacífico by 24.4% in the third quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock valued at $78,000 after purchasing an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario del Pacífico Stock Down 4.1 %

PAC opened at $195.38 on Friday. The stock has a market cap of $9.87 billion, a PE ratio of 19.42, a P/E/G ratio of 1.28 and a beta of 1.47. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 52 week low of $139.64 and a 52 week high of $205.35. The business’s fifty day simple moving average is $187.70 and its 200 day simple moving average is $179.86.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Jefferies Financial Group upgraded Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and increased their target price for the stock from $140.00 to $210.00 in a research report on Wednesday, February 12th. Barclays restated an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. Finally, UBS Group upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $200.00.

Grupo Aeroportuario del Pacífico 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.