Sei Investments Co. Cuts Stock Holdings in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Sei Investments Co. reduced its position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 15.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,521 shares of the transportation company’s stock after selling 2,047 shares during the period. Sei Investments Co.’s holdings in Grupo Aeroportuario del Pacífico were worth $2,016,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Signaturefd LLC boosted its position in shares of Grupo Aeroportuario del Pacífico by 32.1% in the fourth quarter. Signaturefd LLC now owns 333 shares of the transportation company’s stock worth $58,000 after buying an additional 81 shares during the period. Fifth Third Bancorp grew its position in shares of Grupo Aeroportuario del Pacífico by 327.4% during the fourth quarter. Fifth Third Bancorp now owns 359 shares of the transportation company’s stock worth $63,000 after buying an additional 275 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Grupo Aeroportuario del Pacífico by 13.6% in the fourth quarter. Blue Trust Inc. now owns 443 shares of the transportation company’s stock worth $78,000 after buying an additional 53 shares during the last quarter. US Bancorp DE raised its holdings in Grupo Aeroportuario del Pacífico by 22.1% in the fourth quarter. US Bancorp DE now owns 547 shares of the transportation company’s stock valued at $96,000 after acquiring an additional 99 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Grupo Aeroportuario del Pacífico by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 811 shares of the transportation company’s stock valued at $144,000 after acquiring an additional 237 shares during the last quarter. 11.73% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario del Pacífico Price Performance

Shares of NYSE:PAC opened at $180.22 on Friday. The company has a market cap of $9.11 billion, a PE ratio of 17.91, a P/E/G ratio of 1.28 and a beta of 1.11. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a fifty-two week low of $146.62 and a fifty-two week high of $205.35. The firm has a 50-day simple moving average of $190.38 and a 200 day simple moving average of $184.44. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08.

Analyst Ratings Changes

PAC has been the subject of several research analyst reports. Barclays reissued an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. Bank of America lowered Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a report on Tuesday, March 4th. Jefferies Financial Group raised 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 report on Wednesday, February 12th. Finally, StockNews.com lowered Grupo Aeroportuario del Pacífico from a “hold” rating to a “sell” rating in a research report on Saturday, March 29th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $200.00.

About Grupo Aeroportuario del Pacífico

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.