Arrowstreet Capital Limited Partnership Purchases 72,798 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Arrowstreet Capital Limited Partnership boosted its holdings in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 317.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,750 shares of the transportation company's stock after purchasing an additional 72,798 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.19% of Grupo Aeroportuario del Pacífico worth $16,755,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Signaturefd LLC raised its holdings in shares of Grupo Aeroportuario del Pacífico by 32.1% during the fourth quarter. Signaturefd LLC now owns 333 shares of the transportation company's stock valued at $58,000 after buying an additional 81 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Grupo Aeroportuario del Pacífico by 327.4% in the fourth quarter. Fifth Third Bancorp now owns 359 shares of the transportation company's stock worth $63,000 after purchasing an additional 275 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Grupo Aeroportuario del Pacífico by 13.6% during the fourth quarter. Blue Trust Inc. now owns 443 shares of the transportation company's stock valued at $78,000 after purchasing an additional 53 shares during the period. US Bancorp DE raised its stake in shares of Grupo Aeroportuario del Pacífico by 22.1% during the fourth quarter. US Bancorp DE now owns 547 shares of the transportation company's stock valued at $96,000 after purchasing an additional 99 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Grupo Aeroportuario del Pacífico by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 811 shares of the transportation company's stock worth $144,000 after purchasing an additional 237 shares during the period. Institutional investors own 11.73% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on PAC shares. Jefferies Financial Group upgraded shares of Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and boosted their price target for the stock from $140.00 to $210.00 in a research report on Wednesday, February 12th. Bank of America downgraded Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a research report on Tuesday, March 4th. Barclays reiterated an "equal weight" rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. Finally, StockNews.com upgraded shares of Grupo Aeroportuario del Pacífico from a "sell" rating to a "hold" rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Grupo Aeroportuario del Pacífico has a consensus rating of "Hold" and a consensus price target of $200.00.

Grupo Aeroportuario del Pacífico Stock Performance

PAC traded up $10.24 on Wednesday, hitting $185.35. 124,109 shares of the stock traded hands, compared to its average volume of 67,876. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 52 week low of $146.62 and a 52 week high of $205.35. The firm has a market capitalization of $9.37 billion, a PE ratio of 18.42, a P/E/G ratio of 1.28 and a beta of 1.11. The business has a fifty day moving average price of $189.56 and a two-hundred day moving average price of $184.30. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08.

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.