Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its holdings in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 28.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,299 shares of the transportation company’s stock after selling 2,518 shares during the period. The Manufacturers Life Insurance Company’s holdings in Grupo Aeroportuario del Pacífico were worth $1,102,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Grupo Aeroportuario del Pacífico by 22.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,056,454 shares of the transportation company’s stock valued at $184,870,000 after buying an additional 190,955 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Grupo Aeroportuario del Pacífico by 317.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 95,750 shares of the transportation company’s stock valued at $16,755,000 after acquiring an additional 72,798 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Grupo Aeroportuario del Pacífico by 7.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 92,372 shares of the transportation company’s stock valued at $16,164,000 after acquiring an additional 6,139 shares during the period. Maryland State Retirement & Pension System boosted its position in shares of Grupo Aeroportuario del Pacífico by 5.8% during the 4th quarter. Maryland State Retirement & Pension System now owns 53,676 shares of the transportation company’s stock worth $9,393,000 after purchasing an additional 2,936 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Grupo Aeroportuario del Pacífico by 5.4% during the 4th quarter. American Century Companies Inc. now owns 46,033 shares of the transportation company’s stock worth $8,055,000 after purchasing an additional 2,366 shares during the period. 11.73% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Pacífico Stock Down 0.4%

Shares of NYSE PAC opened at $214.49 on Wednesday. The firm’s 50-day moving average is $193.51 and its two-hundred day moving average is $188.73. The company has a market capitalization of $10.84 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 1.28 and a beta of 1.10. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 12-month low of $146.62 and a 12-month high of $224.41. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last posted its earnings results on Tuesday, April 29th. The transportation company reported $2.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.13 by ($0.41). The company had revenue of $541.03 million during the quarter, compared to analysts’ expectations of $554.93 million. Grupo Aeroportuario del Pacífico had a net margin of 27.04% and a return on equity of 43.75%. Equities analysts anticipate that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on PAC. StockNews.com upgraded shares of Grupo Aeroportuario del Pacífico from a “sell” rating to a “hold” rating in a research note on Saturday, April 26th. Jefferies Financial Group upgraded shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and lifted their price target for the company from $140.00 to $210.00 in a research report on Wednesday, February 12th. Barclays reissued an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Tuesday, January 21st. Finally, Bank of America downgraded Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $200.00.

About Grupo Aeroportuario del Pacífico

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.