Sage Investment Counsel LLC bought a new stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,740 shares of the transportation company's stock, valued at approximately $479,000.
A number of other hedge funds have also recently made changes to their positions in the company. Van ECK Associates Corp increased its stake in shares of Grupo Aeroportuario del Pacífico by 67.9% in the third quarter. Van ECK Associates Corp now owns 220 shares of the transportation company's stock valued at $38,000 after buying an additional 89 shares during the period. Fifth Third Bancorp increased its position in Grupo Aeroportuario del Pacífico by 327.4% in the 4th quarter. Fifth Third Bancorp now owns 359 shares of the transportation company's stock valued at $63,000 after acquiring an additional 275 shares during the period. US Bancorp DE raised its stake in shares of Grupo Aeroportuario del Pacífico by 24.4% during the third quarter. US Bancorp DE now owns 448 shares of the transportation company's stock valued at $78,000 after acquiring an additional 88 shares during the last quarter. Blue Trust Inc. raised its stake 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 acquiring an additional 53 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Grupo Aeroportuario del Pacífico by 41.3% during 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. 11.73% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
PAC has been the subject of a number of recent research reports. Bank of America downgraded Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a report on Tuesday. Jefferies Financial Group upgraded Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and raised their price objective for the stock from $140.00 to $210.00 in a research report on Wednesday, February 12th. UBS Group raised Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a research note on Tuesday, November 26th. Finally, Barclays reissued an "equal weight" rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $200.00.
Check Out Our Latest Stock Analysis on Grupo Aeroportuario del Pacífico
Grupo Aeroportuario del Pacífico Stock Up 1.4 %
PAC stock traded up $2.59 during mid-day trading on Wednesday, reaching $188.10. 51,913 shares of the company traded hands, compared to its average volume of 63,784. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. The firm's 50 day moving average price is $188.68 and its 200 day moving average price is $181.61. The stock has a market cap of $9.50 billion, a price-to-earnings ratio of 18.70, a P/E/G ratio of 1.28 and a beta of 1.46. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a fifty-two week low of $140.40 and a fifty-two week high of $205.35.
Grupo Aeroportuario del Pacífico Profile
(
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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