Russell Investments Group Ltd. Sells 3,909 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Russell Investments Group Ltd. cut its stake in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,732 shares of the transportation company’s stock after selling 3,909 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.18% of Grupo Aeroportuario del Pacífico worth $15,877,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its stake in Grupo Aeroportuario del Pacífico by 7.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 8,817 shares of the transportation company’s stock worth $1,534,000 after purchasing an additional 588 shares during the period. FMR LLC boosted its stake in 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 worth $3,370,000 after purchasing an additional 18,121 shares during the period. Quantinno Capital Management LP boosted its stake in Grupo Aeroportuario del Pacífico by 19.1% in the 3rd quarter. Quantinno Capital Management LP now owns 2,374 shares of the transportation company’s stock worth $413,000 after purchasing an additional 380 shares during the period. State Street Corp boosted its stake in Grupo Aeroportuario del Pacífico by 11.0% in the 3rd quarter. State Street Corp now owns 374,595 shares of the transportation company’s stock worth $65,187,000 after purchasing an additional 37,005 shares during the period. Finally, National Bank of Canada FI boosted its stake in Grupo Aeroportuario del Pacífico by 7,927.9% in the 3rd quarter. National Bank of Canada FI now owns 48,970 shares of the transportation company’s stock worth $8,521,000 after purchasing an additional 48,360 shares during the period. 11.73% of the stock is currently owned by institutional investors.

Grupo Aeroportuario del Pacífico Stock Performance

NYSE:PAC opened at $185.35 on Thursday. The stock’s fifty day moving average is $189.56 and its 200 day moving average is $184.30. 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 capitalization of $9.37 billion, a PE ratio of 18.42, a PEG ratio of 1.28 and a beta of 1.11. 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 research firms have recently commented on PAC. Jefferies Financial Group upgraded Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and increased their target price for the company from $140.00 to $210.00 in a research report on Wednesday, February 12th. Barclays reiterated an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. StockNews.com upgraded Grupo Aeroportuario del Pacífico from a “sell” rating to a “hold” rating in a research report on Monday. Finally, Bank of America lowered Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average 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.