Grupo Aeroportuario del Pacífico (NYSE:PAC) Sees Unusually-High Trading Volume - Here's Why

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Get Free Report) saw strong trading volume on Monday . 105,247 shares changed hands during mid-day trading, an increase of 29% from the previous session's volume of 81,454 shares.The stock last traded at $195.33 and had previously closed at $203.81.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PAC. Jefferies Financial Group upgraded shares of Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and lifted their price objective for the company from $140.00 to $210.00 in a report on Wednesday, February 12th. Barclays restated an "equal weight" rating on shares of Grupo Aeroportuario del Pacífico in a research note on Tuesday, January 21st. Finally, UBS Group upgraded Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $200.00.

Grupo Aeroportuario del Pacífico Stock Performance

The stock's 50-day simple moving average is $188.13 and its 200 day simple moving average is $180.71. The company has a market capitalization of $9.53 billion, a PE ratio of 18.71, a P/E/G ratio of 1.28 and a beta of 1.47. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50.

Institutional Trading of Grupo Aeroportuario del Pacífico

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp boosted its holdings in Grupo Aeroportuario del Pacífico by 11.0% in 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% in the 3rd quarter. Metis Global Partners LLC now owns 21,542 shares of the transportation company's stock valued at $3,749,000 after buying an additional 7,553 shares during the last quarter. FMR LLC raised its stake in Grupo Aeroportuario del Pacífico by 1,454.3% during the 3rd quarter. FMR LLC now owns 19,367 shares of the transportation company's stock worth $3,370,000 after acquiring an additional 18,121 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Grupo Aeroportuario del Pacífico by 16.7% in the third quarter. BNP Paribas Financial Markets now owns 21,206 shares of the transportation company's stock valued at $3,690,000 after acquiring an additional 3,032 shares during the last quarter. Finally, National Bank of Canada FI boosted its stake in Grupo Aeroportuario del Pacífico by 7,927.9% in 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 acquiring an additional 48,360 shares in the last quarter. 11.73% of the stock is currently owned by institutional investors and hedge funds.

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.