Caprock Group LLC Invests $554,000 in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Caprock Group LLC purchased a new stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,299 shares of the transportation company’s stock, valued at approximately $554,000.

Several other institutional investors have also added to or reduced their stakes in the company. ProShare Advisors LLC boosted its position in shares of Grupo Aeroportuario Del Pacifico by 1.8% during the third quarter. ProShare Advisors LLC now owns 4,399 shares of the transportation company’s stock valued at $1,043,000 after buying an additional 78 shares during the period. AdvisorShares Investments LLC bought a new stake in shares of Grupo Aeroportuario Del Pacifico during the 3rd quarter worth approximately $937,000. Envestnet Asset Management Inc. boosted its holdings in Grupo Aeroportuario Del Pacifico by 95.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 14,304 shares of the transportation company’s stock valued at $3,393,000 after acquiring an additional 6,970 shares during the period. Hantz Financial Services Inc. grew its position in Grupo Aeroportuario Del Pacifico by 145.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 478 shares of the transportation company’s stock valued at $113,000 after acquiring an additional 283 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Grupo Aeroportuario Del Pacifico by 88.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 472 shares of the transportation company’s stock valued at $112,000 after acquiring an additional 221 shares during the last quarter. Institutional investors own 11.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Bank of America raised shares of Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a research note on Thursday, December 11th. Scotiabank reissued a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, December 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, January 22nd. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a research note on Friday, November 14th. Finally, Zacks Research upgraded Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Grupo Aeroportuario Del Pacifico Stock Up 3.2%

NYSE PAC opened at $292.72 on Wednesday. The firm’s 50 day moving average price is $271.41 and its 200-day moving average price is $247.10. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 2.21. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 52-week low of $168.62 and a 52-week high of $294.82.

Grupo Aeroportuario Del Pacifico Company 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.