Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Short Interest Update

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PACGet Free Report) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 149,600 shares, an increase of 38.3% from the March 15th total of 108,200 shares. Based on an average daily volume of 61,100 shares, the days-to-cover ratio is currently 2.4 days. Currently, 0.3% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating and upped their price target for the stock from $135.00 to $175.00 in a research note on Friday, January 26th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.00.

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Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

Hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its stake in Grupo Aeroportuario del Pacífico by 112.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 276 shares of the transportation company’s stock valued at $48,000 after buying an additional 146 shares during the last quarter. Comerica Bank bought a new stake in Grupo Aeroportuario del Pacífico in the second quarter valued at $530,000. Quantbot Technologies LP bought a new stake in Grupo Aeroportuario del Pacífico in the third quarter valued at $74,000. Ronald Blue Trust Inc. boosted its position in Grupo Aeroportuario del Pacífico by 374.4% during the 3rd quarter. Ronald Blue Trust Inc. now owns 574 shares of the transportation company’s stock worth $103,000 after acquiring an additional 453 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Grupo Aeroportuario del Pacífico by 10.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 650 shares of the transportation company’s stock worth $116,000 after acquiring an additional 62 shares during the period. 11.73% of the stock is currently owned by institutional investors.

Grupo Aeroportuario del Pacífico Trading Up 0.2 %

NYSE:PAC traded up $0.40 on Monday, reaching $163.16. The stock had a trading volume of 4,579 shares, compared to its average volume of 60,265. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 14.74, a P/E/G ratio of 1.82 and a beta of 1.53. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.13 and a quick ratio of 1.22. The firm’s fifty day moving average is $155.54 and its two-hundred day moving average is $151.05. Grupo Aeroportuario del Pacífico has a 12-month low of $107.25 and a 12-month high of $197.38.

Grupo Aeroportuario del Pacífico (NYSE:PACGet Free Report) last released its earnings results on Monday, February 26th. The transportation company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.37 by $0.18. Grupo Aeroportuario del Pacífico had a return on equity of 50.27% and a net margin of 29.52%. The company had revenue of $520.93 million during the quarter. Equities analysts expect that Grupo Aeroportuario del Pacífico will post 12.36 EPS for the current fiscal year.

Grupo Aeroportuario del Pacífico Company Profile

(Get Free Report)

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, manages, operates, and develops airports primarily in Mexico's Pacific region. The company was incorporated in 1998 and is headquartered in Guadalajara, Mexico.

Further Reading

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