Short Interest in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Drops By 18.2%

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totaling 281,516 shares, a decline of 18.2% from the November 30th total of 344,137 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 84,676 shares, the days-to-cover ratio is currently 3.3 days. Based on an average daily volume of 84,676 shares, the days-to-cover ratio is currently 3.3 days. Approximately 0.6% of the shares of the company are short sold.

Grupo Aeroportuario Del Pacifico Stock Up 0.0%

Shares of PAC stock traded up $0.06 during trading on Wednesday, reaching $263.25. The company’s stock had a trading volume of 88,287 shares, compared to its average volume of 93,129. The company has a market capitalization of $13.30 billion, a price-to-earnings ratio of 25.26, a P/E/G ratio of 2.51 and a beta of 1.04. Grupo Aeroportuario Del Pacifico has a 1-year low of $168.62 and a 1-year high of $273.40. The company has a debt-to-equity ratio of 2.21, a current ratio of 2.01 and a quick ratio of 2.01. The stock’s 50-day moving average price is $235.84 and its 200 day moving average price is $235.47.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last posted its quarterly earnings results on Tuesday, October 21st. The transportation company reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.10). The company had revenue of $522.83 million during the quarter, compared to analyst estimates of $11.04 billion. Grupo Aeroportuario Del Pacifico had a net margin of 25.27% and a return on equity of 42.07%. On average, research analysts anticipate that Grupo Aeroportuario Del Pacifico will post 10 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PAC shares. JPMorgan Chase & Co. upgraded Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a research report on Friday, November 14th. Bank of America raised shares of Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a research note on Thursday, December 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, October 8th. Citigroup reiterated a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, September 10th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, December 4th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $210.00.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

A number of institutional investors and hedge funds have recently made changes to their positions in PAC. Lazard Asset Management LLC raised its stake in shares of Grupo Aeroportuario Del Pacifico by 13.4% during the 3rd quarter. Lazard Asset Management LLC now owns 947,581 shares of the transportation company’s stock worth $224,757,000 after buying an additional 112,212 shares during the last quarter. American Century Companies Inc. raised its position in shares of Grupo Aeroportuario Del Pacifico by 7.2% in the 3rd quarter. American Century Companies Inc. now owns 153,328 shares of the transportation company’s stock worth $36,368,000 after buying an additional 10,310 shares during the period. Dimensional Fund Advisors LP lifted its position in Grupo Aeroportuario Del Pacifico by 7.4% during the third quarter. Dimensional Fund Advisors LP now owns 148,715 shares of the transportation company’s stock valued at $35,315,000 after buying an additional 10,201 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of Grupo Aeroportuario Del Pacifico in the third quarter worth about $30,453,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Grupo Aeroportuario Del Pacifico by 39.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 118,236 shares of the transportation company’s stock worth $28,044,000 after purchasing an additional 33,405 shares in the last quarter. 11.73% of the stock is owned by institutional investors and hedge funds.

About Grupo Aeroportuario Del Pacifico

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.