Northcape Capital Pty Ltd Has $44.55 Million Position in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

by · The Markets Daily

Northcape Capital Pty Ltd trimmed its stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC – Free Report) by 3.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 187,835 shares of the transportation company’s stock after selling 7,574 shares during the period. Grupo Aeroportuario Del Pacifico makes up about 6.2% of Northcape Capital Pty Ltd’s investment portfolio, making the stock its 5th biggest position. Northcape Capital Pty Ltd’s holdings in Grupo Aeroportuario Del Pacifico were worth $44,553,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP raised its position in Grupo Aeroportuario Del Pacifico by 48.1% in the 2nd quarter. Allworth Financial LP now owns 154 shares of the transportation company’s stock worth $35,000 after purchasing an additional 50 shares during the last quarter. CWM LLC increased its stake in shares of Grupo Aeroportuario Del Pacifico by 41.5% in the 2nd quarter. CWM LLC now owns 174 shares of the transportation company’s stock valued at $40,000 after buying an additional 51 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Grupo Aeroportuario Del Pacifico by 1.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,334 shares of the transportation company’s stock valued at $1,684,000 after buying an additional 115 shares during the period. Blue Trust Inc. raised its position in shares of Grupo Aeroportuario Del Pacifico by 24.9% during the second quarter. Blue Trust Inc. now owns 596 shares of the transportation company’s stock worth $137,000 after acquiring an additional 119 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in shares of Grupo Aeroportuario Del Pacifico by 680.0% during the second quarter. Hantz Financial Services Inc. now owns 195 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 170 shares during the period. Institutional investors and hedge funds own 11.73% of the company’s stock.

Grupo Aeroportuario Del Pacifico Stock Down 0.9%

Shares of NYSE:PAC opened at $261.26 on Friday. The company has a 50 day moving average price of $237.66 and a two-hundred day moving average price of $235.99. The company has a market capitalization of $13.20 billion, a PE ratio of 25.07, a PEG ratio of 1.96 and a beta of 1.02. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 52 week low of $168.62 and a 52 week high of $273.40. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.01 and a current ratio of 2.01.

Grupo Aeroportuario Del Pacifico (NYSE:PAC – Get Free Report) last announced its quarterly earnings results on Tuesday, October 21st. 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 $522.83 million during the quarter, compared to analyst estimates of $11.04 billion. Grupo Aeroportuario Del Pacifico had a net margin of 25.27% and a return on equity of 42.07%. Analysts forecast that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. JPMorgan Chase & Co. raised Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a report on Friday, November 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, October 8th. Bank of America upgraded shares of Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a report on Thursday, December 11th. Citigroup reaffirmed a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, September 10th. Finally, Scotiabank reissued a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Thursday, December 4th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Grupo Aeroportuario Del Pacifico presently has an average rating of “Hold” and a consensus price target of $210.00.

View Our Latest Analysis on Grupo Aeroportuario Del Pacifico

About Grupo Aeroportuario Del Pacifico

(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.

Further Reading

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