Arrowstreet Capital Limited Partnership Grows Stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Arrowstreet Capital Limited Partnership raised its stake in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 317.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,750 shares of the transportation company’s stock after purchasing an additional 72,798 shares during the period. Arrowstreet Capital Limited Partnership owned 0.19% of Grupo Aeroportuario del Pacífico worth $16,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. State Street Corp raised its holdings in Grupo Aeroportuario del Pacífico by 11.0% during the 3rd quarter. State Street Corp now owns 374,595 shares of the transportation company’s stock valued at $65,187,000 after buying an additional 37,005 shares during the period. Northcape Capital Pty Ltd raised its stake in shares of Grupo Aeroportuario del Pacífico by 4.5% in the fourth quarter. Northcape Capital Pty Ltd now owns 171,841 shares of the transportation company’s stock valued at $30,070,000 after acquiring an additional 7,473 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Grupo Aeroportuario del Pacífico by 7.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 92,372 shares of the transportation company’s stock worth $16,164,000 after acquiring an additional 6,139 shares during the last quarter. Maryland State Retirement & Pension System boosted its stake in shares of Grupo Aeroportuario del Pacífico by 5.8% during the 4th quarter. Maryland State Retirement & Pension System now owns 53,676 shares of the transportation company’s stock worth $9,393,000 after purchasing an additional 2,936 shares during the period. Finally, National Bank of Canada FI grew its holdings in Grupo Aeroportuario del Pacífico by 7,927.9% during the 3rd quarter. National Bank of Canada FI now owns 48,970 shares of the transportation company’s stock valued at $8,521,000 after purchasing an additional 48,360 shares during the last quarter. 11.73% of the stock is owned by institutional investors.

Grupo Aeroportuario del Pacífico Trading Down 6.1 %

PAC opened at $180.22 on Friday. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 52 week low of $146.62 and a 52 week high of $205.35. The company has a market capitalization of $9.11 billion, a P/E ratio of 17.91, a PEG ratio of 1.28 and a beta of 1.11. The stock’s fifty day moving average is $190.38 and its two-hundred day moving average is $184.42. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08.

Wall Street Analysts Forecast Growth

PAC has been the subject of several analyst reports. Barclays reissued an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Tuesday, January 21st. StockNews.com cut Grupo Aeroportuario del Pacífico from a “hold” rating to a “sell” rating in a report on Saturday, March 29th. Bank of America lowered Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 4th. Finally, Jefferies Financial Group raised shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and boosted their target price for the company from $140.00 to $210.00 in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $200.00.

About Grupo Aeroportuario del Pacífico

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and manage airports in Mexico and Jamaica. The company operates twelve international airports in Guadalajara and Tijuana areas, Mexico; and two international airports in Montego Bay, Jamaica.