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

Raymond James Financial Inc. purchased a new stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,998 shares of the transportation company's stock, valued at approximately $875,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PAC. State Street Corp boosted its position in shares of 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 worth $65,187,000 after acquiring an additional 37,005 shares during the last quarter. FMR LLC boosted its holdings in shares of Grupo Aeroportuario del Pacífico by 1,454.3% in the 3rd 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 during the last quarter. National Bank of Canada FI increased its holdings in shares of Grupo Aeroportuario del Pacífico by 7,927.9% during the 3rd quarter. National Bank of Canada FI now owns 48,970 shares of the transportation company's stock worth $8,521,000 after buying an additional 48,360 shares during the last quarter. Northcape Capital Pty Ltd increased its holdings in shares of Grupo Aeroportuario del Pacífico by 4.5% during the 4th quarter. Northcape Capital Pty Ltd now owns 171,841 shares of the transportation company's stock worth $30,070,000 after buying an additional 7,473 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Grupo Aeroportuario del Pacífico by 26.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,158 shares of the transportation company's stock worth $376,000 after buying an additional 448 shares during the period. Hedge funds and other institutional investors own 11.73% of the company's stock.

Analyst Upgrades and Downgrades

PAC has been the subject of several research analyst reports. Barclays restated an "equal weight" rating on shares of Grupo Aeroportuario del Pacífico in a research note on Tuesday, January 21st. 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. StockNews.com raised shares of Grupo Aeroportuario del Pacífico from a "sell" rating to a "hold" rating in a research report on Monday. Finally, Jefferies Financial Group raised shares of Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and increased their price objective for the stock from $140.00 to $210.00 in a research report on Wednesday, February 12th. 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 stock. Based on data from MarketBeat, Grupo Aeroportuario del Pacífico has an average rating of "Hold" and an average price target of $200.00.

Grupo Aeroportuario del Pacífico Stock Up 5.8 %

NYSE PAC traded up $10.24 on Wednesday, reaching $185.35. The company had a trading volume of 124,109 shares, compared to its average volume of 67,876. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 1 year low of $146.62 and a 1 year high of $205.35. The firm has a 50-day moving average of $189.56 and a 200-day moving average of $184.30. 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.

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.