Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Grupo Aeroportuario del Pacifico was constituted as part of the process of opening to the private investment the Mexican airport system. Currently the aeronautic infrastructure has become the base of every service of air transportation; constituting this a pole of development around which a series of activities of great economic importance is articulated: business, aeronautic services, commerce, business, etc. It administers, operates, maintains and develops twelve airports in the regions of the Pacific and Center of Mexico, in the cities of Guadalajara, Hermosillo, Puerto Vallarta, Aguascalientes, La Paz, Tijuana, Leon, among other. “

Several other research analysts also recently commented on PAC. Morgan Stanley downgraded shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 30th. BidaskClub downgraded shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Scotiabank raised shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $91.00 to $110.00 in a research note on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Grupo Aeroportuario Del Pacifico, S.A. de C.V. currently has a consensus rating of “Hold” and an average target price of $119.00.

Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) opened at 107.36 on Tuesday. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 22.84 and a beta of 0.30. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 12-month low of $72.52 and a 12-month high of $119.87. The firm’s 50-day moving average is $110.75 and its 200-day moving average is $105.57.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Adalta Capital Management LLC increased its stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. by 35.3% in the second quarter. Adalta Capital Management LLC now owns 3,719 shares of the transportation company’s stock worth $418,000 after buying an additional 970 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. by 340.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,065 shares of the transportation company’s stock worth $232,000 after buying an additional 1,596 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. by 101.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 136,815 shares of the transportation company’s stock worth $15,364,000 after buying an additional 68,800 shares during the period. State Street Corp increased its stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. by 10.9% in the second quarter. State Street Corp now owns 125,937 shares of the transportation company’s stock worth $14,142,000 after buying an additional 12,331 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. by 18.0% in the second quarter. Goldman Sachs Group Inc. now owns 43,795 shares of the transportation company’s stock worth $4,918,000 after buying an additional 6,674 shares during the period. 6.26% of the stock is currently owned by institutional investors.

About Grupo Aeroportuario Del Pacifico, S.A. de C.V.

Grupo Aeroportuario del Pacifico, SAB. de C.V. is a holding company. The Company holds concessions to operate, maintain and develop approximately 10 international airports in the Pacific and Central regions of Mexico, and an international airport in Jamaica. The Company’s segments include Guadalajara, Tijuana, Puerto Vallarta, San Jose del Cabo, Montego Bay, Hermosillo, Bajio, Other Airports and Others Companies.

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