Raymond James Financial Inc. Buys New Position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Raymond James Financial Inc. acquired a new stake in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,998 shares of the transportation company's stock, valued at approximately $875,000.

Several other hedge funds have also bought and sold shares of the stock. Cerity Partners LLC boosted its position in Grupo Aeroportuario del Pacífico by 74.0% during the third quarter. Cerity Partners LLC now owns 3,288 shares of the transportation company's stock worth $572,000 after acquiring an additional 1,398 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Grupo Aeroportuario del Pacífico by 7.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 8,817 shares of the transportation company's stock worth $1,534,000 after acquiring an additional 588 shares in the last quarter. FMR LLC grew its stake in shares of Grupo Aeroportuario del Pacífico by 1,454.3% in the third 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. Centiva Capital LP increased its holdings in Grupo Aeroportuario del Pacífico by 7.2% during the 3rd quarter. Centiva Capital LP now owns 2,447 shares of the transportation company's stock worth $426,000 after purchasing an additional 165 shares during the period. Finally, Quantinno Capital Management LP increased its stake in shares of Grupo Aeroportuario del Pacífico by 19.1% during the third quarter. Quantinno Capital Management LP now owns 2,374 shares of the transportation company's stock worth $413,000 after buying an additional 380 shares during the period. Hedge funds and other institutional investors own 11.73% of the company's stock.

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Grupo Aeroportuario del Pacífico Stock Performance

NYSE PAC traded down $1.60 on Tuesday, hitting $176.42. 68,862 shares of the company's stock were exchanged, compared to its average volume of 84,467. The firm's 50-day moving average price is $190.18 and its two-hundred day moving average price is $184.41. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a fifty-two week low of $146.62 and a fifty-two week high of $205.35. The firm has a market cap of $8.91 billion, a price-to-earnings ratio of 17.54, a P/E/G ratio of 1.28 and a beta of 1.11. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50.

Analyst Ratings Changes

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

Grupo Aeroportuario del Pacífico 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.