ABS Direct Equity Fund LLC Has $3.66 Million Position in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

ABS Direct Equity Fund LLC lifted its stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 44.4% during the first quarter, Holdings Channel.com reports. The firm owned 14,820 shares of the transportation company’s stock after buying an additional 4,560 shares during the period. Grupo Aeroportuario Del Pacifico accounts for approximately 2.8% of ABS Direct Equity Fund LLC’s holdings, making the stock its 10th largest position. ABS Direct Equity Fund LLC’s holdings in Grupo Aeroportuario Del Pacifico were worth $3,659,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in Grupo Aeroportuario Del Pacifico by 65.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 164 shares of the transportation company’s stock worth $43,000 after purchasing an additional 65 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in Grupo Aeroportuario Del Pacifico during the 3rd quarter worth about $43,000. Kestra Advisory Services LLC acquired a new position in Grupo Aeroportuario Del Pacifico during the 4th quarter valued at about $54,000. Allworth Financial LP lifted its position in Grupo Aeroportuario Del Pacifico by 92.0% during the 4th quarter. Allworth Financial LP now owns 311 shares of the transportation company’s stock valued at $82,000 after purchasing an additional 149 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of Grupo Aeroportuario Del Pacifico by 20.6% in the 3rd quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock valued at $79,000 after purchasing an additional 57 shares during the last quarter. 11.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PAC has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, June 3rd. Citigroup upgraded shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a report on Monday, July 20th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Grupo Aeroportuario Del Pacifico presently has an average rating of “Moderate Buy”.

Grupo Aeroportuario Del Pacifico Trading Down 0.3%

NYSE PAC opened at $215.59 on Monday. The stock has a 50-day simple moving average of $238.59 and a 200 day simple moving average of $251.43. The company has a market capitalization of $10.89 billion, a PE ratio of 19.15, a P/E/G ratio of 1.50 and a beta of 0.93. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.95. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 12 month low of $206.91 and a 12 month high of $300.41.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last released its earnings results on Tuesday, July 14th. The transportation company reported $2.80 earnings per share for the quarter, missing the consensus estimate of $3.10 by ($0.30). Grupo Aeroportuario Del Pacifico had a net margin of 25.36% and a return on equity of 32.44%. The company had revenue of $645.23 million during the quarter, compared to analyst estimates of $732.26 million. Research analysts forecast that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 11.24 EPS for the current year.

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.