Empowered Funds LLC Takes Position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Empowered Funds LLC bought a new stake in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 858 shares of the transportation company’s stock, valued at approximately $150,000.

Other large investors have also recently made changes to their positions in the company. Van ECK Associates Corp lifted its holdings in shares of Grupo Aeroportuario del Pacífico by 67.9% during the third quarter. Van ECK Associates Corp now owns 220 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 89 shares during the last quarter. Signaturefd LLC increased its position in shares of Grupo Aeroportuario del Pacífico by 34.0% during the third quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 64 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Grupo Aeroportuario del Pacífico by 327.4% during the fourth quarter. Fifth Third Bancorp now owns 359 shares of the transportation company’s stock valued at $63,000 after acquiring an additional 275 shares in the last quarter. Blue Trust Inc. increased its position in shares of Grupo Aeroportuario del Pacífico by 37.3% during the third quarter. Blue Trust Inc. now owns 390 shares of the transportation company’s stock valued at $68,000 after acquiring an additional 106 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of Grupo Aeroportuario del Pacífico by 24.4% during the third quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock valued at $78,000 after acquiring an additional 88 shares in the last quarter. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Pacífico Stock Performance

Grupo Aeroportuario del Pacífico stock opened at $195.38 on Friday. The company’s 50-day moving average price is $187.70 and its 200-day moving average price is $179.86. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a twelve month low of $139.64 and a twelve month high of $205.35. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. The company has a market cap of $9.87 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 1.28 and a beta of 1.47.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. UBS Group raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 26th. Barclays reissued an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. Finally, Jefferies Financial Group raised shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $140.00 to $210.00 in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $200.00.

Grupo Aeroportuario del Pacífico Company Profile

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.