Abacus Wealth Partners LLC Takes Position in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

by · The Cerbat Gem

Abacus Wealth Partners LLC acquired a new stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,870 shares of the transportation company’s stock, valued at approximately $1,548,000.

Other hedge funds also recently added to or reduced their stakes in the company. Dorsey Wright & Associates bought a new position in shares of Grupo Aeroportuario Del Pacifico during the third quarter worth about $1,353,000. Triasima Portfolio Management inc. acquired a new position in shares of Grupo Aeroportuario Del Pacifico during the third quarter valued at $2,056,000. Russell Investments Group Ltd. lifted its stake in shares of Grupo Aeroportuario Del Pacifico by 5.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 113,102 shares of the transportation company’s stock worth $26,827,000 after acquiring an additional 5,433 shares during the period. Diversify Wealth Management LLC bought a new stake in shares of Grupo Aeroportuario Del Pacifico in the 3rd quarter worth $1,044,000. Finally, American Century Companies Inc. raised its stake in shares of Grupo Aeroportuario Del Pacifico by 7.2% in the 3rd quarter. American Century Companies Inc. now owns 153,328 shares of the transportation company’s stock worth $36,368,000 after buying an additional 10,310 shares in the last quarter. 11.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on PAC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, January 22nd. Zacks Research raised shares of Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Check Out Our Latest Stock Analysis on Grupo Aeroportuario Del Pacifico

Grupo Aeroportuario Del Pacifico Trading Down 2.3%

NYSE:PAC opened at $238.15 on Friday. The stock’s 50 day moving average price is $244.82 and its 200 day moving average price is $251.19. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 52 week low of $206.91 and a 52 week high of $300.41. The company has a market capitalization of $12.03 billion, a P/E ratio of 21.34, a P/E/G ratio of 1.41 and a beta of 0.98. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.50 and a current ratio of 1.50.

Grupo Aeroportuario Del Pacifico (NYSE:PAC – Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The transportation company reported $3.72 earnings per share for the quarter. Grupo Aeroportuario Del Pacifico had a return on equity of 43.12% and a net margin of 25.04%.The business had revenue of $635.54 million for the quarter. On average, research analysts forecast that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 12.57 EPS for the current fiscal year.

Grupo Aeroportuario Del Pacifico Company Profile

(Free Report)

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.

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