Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 41.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 811 shares of the transportation company’s stock after buying an additional 237 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Grupo Aeroportuario del Pacífico were worth $144,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PAC. Blue Trust Inc. increased its position in shares of Grupo Aeroportuario del Pacífico by 102.6% in the 4th quarter. Blue Trust Inc. now owns 790 shares of the transportation company’s stock worth $137,000 after purchasing an additional 400 shares during the last quarter. Marshall Financial Group LLC grew its stake in Grupo Aeroportuario del Pacífico by 6.0% in the fourth quarter. Marshall Financial Group LLC now owns 5,928 shares of the transportation company’s stock worth $1,037,000 after purchasing an additional 338 shares in the last quarter. Fifth Third Bancorp increased its holdings 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 buying an additional 275 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Grupo Aeroportuario del Pacífico by 7.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 92,372 shares of the transportation company’s stock valued at $16,164,000 after buying an additional 6,139 shares in the last quarter. Finally, Outlook Wealth Advisors LLC raised its stake in Grupo Aeroportuario del Pacífico by 12.2% during the fourth quarter. Outlook Wealth Advisors LLC now owns 2,397 shares of the transportation company’s stock valued at $419,000 after buying an additional 261 shares in the last quarter. 11.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Grupo Aeroportuario del Pacífico Trading Down 2.0 %

NYSE:PAC opened at $199.47 on Friday. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 1 year low of $139.64 and a 1 year high of $204.37. The business has a fifty day moving average of $186.87 and a 200-day moving average of $177.82. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a market cap of $10.08 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.23 and a beta of 1.47.

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.