Empirical Finance LLC Invests $3.59 Million in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Empirical Finance LLC acquired a new stake in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 15,648 shares of the transportation company’s stock, valued at approximately $3,593,000.

A number of other large investors have also bought and sold shares of the business. Metis Global Partners LLC lifted its stake in Grupo Aeroportuario Del Pacifico by 27.7% in the second quarter. Metis Global Partners LLC now owns 30,892 shares of the transportation company’s stock valued at $7,093,000 after buying an additional 6,708 shares in the last quarter. Militia Capital Partners LP bought a new position in Grupo Aeroportuario Del Pacifico during the 1st quarter worth about $631,000. Jennison Associates LLC acquired a new stake in shares of Grupo Aeroportuario Del Pacifico in the 2nd quarter valued at about $2,044,000. Ashoka WhiteOak Capital Pte Ltd bought a new stake in shares of Grupo Aeroportuario Del Pacifico in the second quarter valued at about $804,000. Finally, Northern Trust Corp boosted its position in shares of Grupo Aeroportuario Del Pacifico by 0.7% during the first quarter. Northern Trust Corp now owns 76,048 shares of the transportation company’s stock worth $14,108,000 after buying an additional 512 shares during the period. 11.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. raised Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a research report on Friday, November 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, October 8th. Citigroup reissued a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, September 10th. Finally, Wall Street Zen lowered shares of Grupo Aeroportuario Del Pacifico from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $210.00.

Grupo Aeroportuario Del Pacifico Trading Up 1.0%

NYSE PAC opened at $219.79 on Wednesday. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 12 month low of $168.62 and a 12 month high of $259.33. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 2.21. The stock has a 50 day moving average of $228.62 and a 200-day moving average of $230.80. The company has a market cap of $11.11 billion, a PE ratio of 21.09, a PEG ratio of 2.72 and a beta of 1.13.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last posted its quarterly earnings results on Monday, October 20th. The transportation company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.96 by ($0.10). The firm had revenue of $520.69 million for the quarter, compared to the consensus estimate of $11.04 billion. Grupo Aeroportuario Del Pacifico had a return on equity of 42.07% and a net margin of 25.27%. On average, equities research analysts anticipate that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 EPS for the current fiscal year.

Grupo Aeroportuario Del Pacifico Company 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.