BI Asset Management Fondsmaeglerselskab A S Acquires New Stake in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,762 shares of the transportation company’s stock, valued at approximately $2,904,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its position in shares of Grupo Aeroportuario Del Pacifico by 65.8% in the first quarter. Goldman Sachs Group Inc. now owns 39,976 shares of the transportation company’s stock valued at $7,416,000 after buying an additional 15,862 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Grupo Aeroportuario Del Pacifico in the 1st quarter worth approximately $16,136,000. Jane Street Group LLC acquired a new position in shares of Grupo Aeroportuario Del Pacifico during the 1st quarter worth approximately $730,000. Guggenheim Capital LLC boosted its holdings in shares of Grupo Aeroportuario Del Pacifico by 18.9% during the 2nd quarter. Guggenheim Capital LLC now owns 3,078 shares of the transportation company’s stock worth $707,000 after purchasing an additional 489 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its position in shares of Grupo Aeroportuario Del Pacifico by 232.0% in the second quarter. Qube Research & Technologies Ltd now owns 37,348 shares of the transportation company’s stock valued at $8,576,000 after purchasing an additional 26,099 shares in the last quarter. Institutional investors and hedge funds own 11.73% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Grupo Aeroportuario Del Pacifico Trading Down 2.1%

PAC opened at $249.00 on Tuesday. The stock has a market capitalization of $12.58 billion, a PE ratio of 22.31, a P/E/G ratio of 0.92 and a beta of 0.94. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a one year low of $206.91 and a one year high of $300.41. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.50 and a current ratio of 1.50. The business’s 50 day moving average price is $244.66 and its 200 day moving average price is $254.86.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last posted its earnings results on Tuesday, March 31st. The transportation company reported $3.72 EPS for the quarter. Grupo Aeroportuario Del Pacifico had a return on equity of 43.12% and a net margin of 25.04%.The company had revenue of $635.54 million for the quarter. As a group, equities research analysts expect that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 12.51 EPS for the current year.

Grupo Aeroportuario Del Pacifico 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.