Novem Group Purchases Shares of 4,700 Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Novem Group purchased a new stake in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 4,700 shares of the transportation company’s stock, valued at approximately $1,239,000.

Several other large investors have also recently bought and sold shares of the stock. Van ECK Associates Corp raised its holdings in Grupo Aeroportuario Del Pacifico by 20.6% in the 3rd quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock valued at $79,000 after acquiring an additional 57 shares during the period. ProShare Advisors LLC increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 1.8% during the third quarter. ProShare Advisors LLC now owns 4,399 shares of the transportation company’s stock worth $1,043,000 after purchasing an additional 78 shares during the period. Harbour Capital Advisors LLC increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 2.2% during the fourth quarter. Harbour Capital Advisors LLC now owns 3,692 shares of the transportation company’s stock worth $967,000 after purchasing an additional 80 shares during the period. Raiffeisen Bank International AG increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 13.3% during the third quarter. Raiffeisen Bank International AG now owns 850 shares of the transportation company’s stock worth $207,000 after purchasing an additional 100 shares during the period. Finally, US Bancorp DE increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 19.2% during the third quarter. US Bancorp DE now owns 658 shares of the transportation company’s stock worth $156,000 after purchasing an additional 106 shares during the period. 11.73% of the stock is owned by institutional investors.

Grupo Aeroportuario Del Pacifico Stock Performance

NYSE PAC opened at $249.67 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 2.01 and a debt-to-equity ratio of 2.21. The firm has a market capitalization of $12.62 billion, a price-to-earnings ratio of 24.36, a P/E/G ratio of 1.46 and a beta of 1.02. The firm’s 50 day simple moving average is $253.05 and its 200 day simple moving average is $247.94. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 1 year low of $190.66 and a 1 year high of $300.41.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last posted its quarterly earnings results on Tuesday, April 21st. The transportation company reported $3.72 earnings per share (EPS) for the quarter. The business had revenue of $635.54 million for the quarter. Grupo Aeroportuario Del Pacifico had a net margin of 24.06% and a return on equity of 41.85%. As a group, research analysts expect that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 13.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, January 22nd. Citigroup reaffirmed a “neutral” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, January 15th. Finally, Zacks Research raised shares of Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Grupo Aeroportuario Del Pacifico presently has a consensus rating of “Hold”.

Grupo Aeroportuario Del Pacifico Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE:PAC), commonly known as GAP, is a leading airport operator in Mexico. Established in 1998 as part of the federal government’s airport privatization program, GAP holds long‐term concession agreements—typically 50 years—to manage, develop and operate airports under a public–private partnership model. Through these concessions, the company undertakes terminal expansions, runway maintenance and the modernization of navigation and security systems.

The company’s portfolio comprises 12 airports across Mexico’s Pacific and western regions, including major hubs such as Guadalajara, Tijuana, Los Cabos, Puerto Vallarta and Mazatlán, as well as regional facilities in Aguascalientes, Morelia and La Paz.