Janney Montgomery Scott LLC boosted its position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 3.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,233 shares of the transportation company's stock after acquiring an additional 2,918 shares during the quarter. Janney Montgomery Scott LLC owned 0.17% of Grupo Aeroportuario del Pacífico worth $15,006,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PAC. BNP Paribas Financial Markets grew its holdings in shares of Grupo Aeroportuario del Pacífico by 70.8% during the 1st quarter. BNP Paribas Financial Markets now owns 14,706 shares of the transportation company's stock worth $2,400,000 after purchasing an additional 6,097 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Grupo Aeroportuario del Pacífico by 141.5% during the 1st quarter. Lazard Asset Management LLC now owns 481,256 shares of the transportation company's stock valued at $78,526,000 after acquiring an additional 281,966 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Grupo Aeroportuario del Pacífico during the 1st quarter valued at $2,676,000. Marshall Financial Group LLC purchased a new stake in Grupo Aeroportuario del Pacífico during the 2nd quarter worth $867,000. Finally, 1832 Asset Management L.P. acquired a new stake in Grupo Aeroportuario del Pacífico in the 2nd quarter valued at $13,976,000. Institutional investors and hedge funds own 11.73% of the company's stock.
Grupo Aeroportuario del Pacífico Stock Up 1.7 %
Shares of Grupo Aeroportuario del Pacífico stock traded up $2.87 during trading on Wednesday, reaching $175.02. The company had a trading volume of 60,257 shares, compared to its average volume of 60,006. The company has a market cap of $8.84 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 1.49 and a beta of 1.46. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a fifty-two week low of $125.29 and a fifty-two week high of $197.31. The firm's fifty day moving average is $174.80 and its 200-day moving average is $170.93. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on PAC shares. The Goldman Sachs Group increased their target price on Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Scotiabank cut shares of Grupo Aeroportuario del Pacífico from a "sector outperform" rating to a "sector perform" rating and reduced their target price for the stock from $224.00 to $185.00 in a research report on Wednesday, September 25th. Citigroup raised shares of Grupo Aeroportuario del Pacífico to a "strong-buy" rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Grupo Aeroportuario del Pacífico in a report on Thursday, September 5th. Finally, Bank of America upgraded Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a research note on Wednesday, August 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $195.00.
View Our Latest Stock Report on PAC
About Grupo Aeroportuario del Pacífico
(
Free Report)
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.
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