Advisors Preferred LLC Makes New Investment in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Advisors Preferred LLC bought a new position in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,410 shares of the transportation company’s stock, valued at approximately $595,000.

Several other institutional investors and hedge funds have also made changes to their positions in PAC. Goldman Sachs Group Inc. increased its holdings in Grupo Aeroportuario Del Pacifico by 65.8% during 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of Grupo Aeroportuario Del Pacifico in the 1st quarter valued at $16,136,000. Jane Street Group LLC bought a new position in shares of Grupo Aeroportuario Del Pacifico in the 1st quarter worth $730,000. Guggenheim Capital LLC raised its position in shares of Grupo Aeroportuario Del Pacifico by 18.9% in the 2nd quarter. Guggenheim Capital LLC now owns 3,078 shares of the transportation company’s stock worth $707,000 after acquiring an additional 489 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Grupo Aeroportuario Del Pacifico by 232.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 37,348 shares of the transportation company’s stock worth $8,576,000 after purchasing an additional 26,099 shares during the last quarter. 11.73% of the stock is currently owned by institutional investors.

Grupo Aeroportuario Del Pacifico Stock Down 2.7%

NYSE:PAC opened at $226.46 on Wednesday. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.50 and a quick ratio of 1.50. The company’s fifty day moving average price is $242.75 and its 200-day moving average price is $254.04. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 1-year low of $206.91 and a 1-year high of $300.41. The firm has a market capitalization of $11.44 billion, a P/E ratio of 20.29, a PEG ratio of 0.86 and a beta of 0.93.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last released its quarterly earnings data on Tuesday, March 31st. The transportation company reported $3.72 earnings per share for the quarter. Grupo Aeroportuario Del Pacifico had a return on equity of 43.12% and a net margin of 25.04%.The business had revenue of $635.54 million during the quarter. As a group, equities research analysts anticipate that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 12.4 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, June 3rd. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

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.