Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC Shares Sold by Empirical Finance LLC

Empirical Finance LLC lowered its position in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 25.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,844 shares of the transportation company’s stock after selling 18,763 shares during the quarter. Empirical Finance LLC’s holdings in Grupo Aeroportuario Del Pacifico were worth $14,137,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in Grupo Aeroportuario Del Pacifico by 65.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 164 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 65 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Grupo Aeroportuario Del Pacifico during the third quarter worth about $43,000. Kestra Advisory Services LLC acquired a new position in Grupo Aeroportuario Del Pacifico during the fourth quarter worth about $54,000. Allworth Financial LP lifted its holdings in shares of Grupo Aeroportuario Del Pacifico by 92.0% in the fourth quarter. Allworth Financial LP now owns 311 shares of the transportation company’s stock valued at $82,000 after purchasing an additional 149 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Grupo Aeroportuario Del Pacifico by 20.6% in the third quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock valued at $79,000 after purchasing an additional 57 shares in the last quarter. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Monday, August 31st. Morgan Stanley raised Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $210.00 to $225.00 in a report on Wednesday, August 5th. Zacks Research cut Grupo Aeroportuario Del Pacifico from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. The Goldman Sachs Group cut their target price on shares of Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Finally, Citigroup upgraded shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a report on Monday, July 20th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $250.00.

Grupo Aeroportuario Del Pacifico Trading Down 1.5%

Shares of Grupo Aeroportuario Del Pacifico stock traded down $3.12 during trading hours on Tuesday, reaching $205.05. 115,276 shares of the company’s stock were exchanged, compared to its average volume of 119,248. The firm has a market capitalization of $10.36 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 1.47 and a beta of 0.93. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.95. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 52-week low of $201.43 and a 52-week high of $300.41. The company has a fifty day moving average of $220.15 and a 200-day moving average of $237.41.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last released its earnings results on Monday, July 13th. The transportation company reported $2.80 EPS for the quarter, missing the consensus estimate of $3.10 by ($0.30). Grupo Aeroportuario Del Pacifico had a net margin of 25.36% and a return on equity of 32.44%. The business had revenue of $645.23 million during the quarter, compared to analyst estimates of $732.26 million. Sell-side analysts forecast that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 11.04 EPS for the current fiscal year.

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.