ABS Direct Equity Fund LLC Invests $2.44 Million in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

ABS Direct Equity Fund LLC bought a new stake in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 13,950 shares of the transportation company’s stock, valued at approximately $2,444,000. Grupo Aeroportuario del Pacífico comprises approximately 2.3% of ABS Direct Equity Fund LLC’s holdings, making the stock its 13th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of Grupo Aeroportuario del Pacífico by 5.9% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 1,953 shares of the transportation company’s stock valued at $321,000 after acquiring an additional 108 shares during the period. Veracity Capital LLC lifted its stake in shares of Grupo Aeroportuario del Pacífico by 22.1% during the 3rd quarter. Veracity Capital LLC now owns 2,006 shares of the transportation company’s stock valued at $330,000 after buying an additional 363 shares in the last quarter. Advisor Partners II LLC bought a new position in Grupo Aeroportuario del Pacífico in the 3rd quarter worth $243,000. Henry James International Management Inc. increased its stake in Grupo Aeroportuario del Pacífico by 18.2% in the 3rd quarter. Henry James International Management Inc. now owns 4,387 shares of the transportation company’s stock worth $721,000 after buying an additional 674 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC raised its holdings in Grupo Aeroportuario del Pacífico by 35.9% during the third quarter. Legacy Wealth Asset Management LLC now owns 9,768 shares of the transportation company’s stock valued at $1,606,000 after acquiring an additional 2,582 shares during the period. 11.73% of the stock is currently owned by institutional investors.

Grupo Aeroportuario del Pacífico Price Performance

PAC traded up $1.04 during trading hours on Friday, hitting $183.99. The company’s stock had a trading volume of 20,537 shares, compared to its average volume of 55,065. The stock has a market cap of $9.30 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 2.66 and a beta of 1.46. The business’s 50-day moving average price is $159.42 and its 200-day moving average price is $153.76. The company has a current ratio of 1.13, a quick ratio of 1.22 and a debt-to-equity ratio of 1.83. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 12 month low of $107.25 and a 12 month high of $196.66.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last posted its earnings results on Monday, February 26th. The transportation company reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.18. Grupo Aeroportuario del Pacífico had a net margin of 29.12% and a return on equity of 52.18%. The firm had revenue of $520.93 million for the quarter. Sell-side analysts expect that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating and increased their target price for the stock from $135.00 to $175.00 in a research report on Friday, January 26th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.00.

Grupo Aeroportuario del Pacífico Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, manages, operates, and develops airports primarily in Mexico's Pacific region. The company was incorporated in 1998 and is headquartered in Guadalajara, Mexico.