AGF Management Ltd. Sells 2,388 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

AGF Management Ltd. decreased its position in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 22.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,271 shares of the transportation company's stock after selling 2,388 shares during the period. AGF Management Ltd.'s holdings in Grupo Aeroportuario del Pacífico were worth $1,447,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its position in shares of Grupo Aeroportuario del Pacífico by 11.0% during the third quarter. State Street Corp now owns 374,595 shares of the transportation company's stock valued at $65,187,000 after purchasing an additional 37,005 shares in the last quarter. Metis Global Partners LLC grew its position in shares of Grupo Aeroportuario del Pacífico by 54.0% during the third quarter. Metis Global Partners LLC now owns 21,542 shares of the transportation company's stock valued at $3,749,000 after purchasing an additional 7,553 shares in the last quarter. FMR LLC grew its position in shares of Grupo Aeroportuario del Pacífico by 1,454.3% during the third quarter. FMR LLC now owns 19,367 shares of the transportation company's stock valued at $3,370,000 after purchasing an additional 18,121 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Grupo Aeroportuario del Pacífico by 16.7% during the third quarter. BNP Paribas Financial Markets now owns 21,206 shares of the transportation company's stock valued at $3,690,000 after purchasing an additional 3,032 shares in the last quarter. Finally, National Bank of Canada FI grew its position in shares of Grupo Aeroportuario del Pacífico by 7,927.9% during the third quarter. National Bank of Canada FI now owns 48,970 shares of the transportation company's stock valued at $8,521,000 after purchasing an additional 48,360 shares in the last quarter. Hedge funds and other institutional investors own 11.73% of the company's stock.

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Grupo Aeroportuario del Pacífico Trading Up 1.1 %

NYSE PAC traded up $2.17 during trading on Wednesday, hitting $192.58. The stock had a trading volume of 65,445 shares, compared to its average volume of 64,695. 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 capitalization of $9.73 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 1.28 and a beta of 1.46. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a one year low of $144.36 and a one year high of $205.35. The stock has a 50 day simple moving average of $190.27 and a 200 day simple moving average of $183.13.

Wall Street Analysts Forecast Growth

PAC has been the subject of a number of research analyst reports. UBS Group upgraded Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a research report on Tuesday, November 26th. Bank of America downgraded shares of Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a report on Tuesday, March 4th. Barclays reaffirmed an "equal weight" rating on shares of Grupo Aeroportuario del Pacífico in a report on Tuesday, January 21st. Finally, Jefferies Financial Group raised shares of Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and increased their price target for the company from $140.00 to $210.00 in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $200.00.

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.