UBS Group AG Lowers Stake in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

UBS Group AG lessened its position in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 13.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,790 shares of the transportation company’s stock after selling 3,569 shares during the period. UBS Group AG’s holdings in Grupo Aeroportuario Del Pacifico were worth $6,008,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC grew its position in Grupo Aeroportuario Del Pacifico by 13.4% during the third quarter. Lazard Asset Management LLC now owns 947,581 shares of the transportation company’s stock valued at $224,757,000 after acquiring an additional 112,212 shares during the period. Northcape Capital Pty Ltd grew its position in Grupo Aeroportuario Del Pacifico by 1.7% during the fourth quarter. Northcape Capital Pty Ltd now owns 191,049 shares of the transportation company’s stock valued at $51,589,000 after acquiring an additional 3,214 shares during the period. American Century Companies Inc. grew its position in Grupo Aeroportuario Del Pacifico by 7.2% during the third quarter. American Century Companies Inc. now owns 153,328 shares of the transportation company’s stock valued at $36,368,000 after acquiring an additional 10,310 shares during the period. Dimensional Fund Advisors LP grew 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 acquiring an additional 10,201 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Grupo Aeroportuario Del Pacifico during the third quarter valued at about $30,453,000. Hedge funds and other institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario Del Pacifico Trading Up 2.2%

NYSE:PAC opened at $250.60 on Thursday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.50 and a current ratio of 1.50. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a one year low of $206.91 and a one year high of $300.41. The business’s 50-day simple moving average is $245.26 and its 200 day simple moving average is $252.15. The stock has a market cap of $12.66 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 1.45 and a beta of 0.98.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last posted its quarterly earnings data on Tuesday, March 31st. The transportation company reported $3.72 EPS for the quarter. Grupo Aeroportuario Del Pacifico had a net margin of 25.04% and a return on equity of 43.12%. The firm had revenue of $635.54 million for the quarter. As a group, sell-side analysts predict that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 12.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PAC has been the subject of several analyst reports. Zacks Research raised Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Grupo Aeroportuario Del Pacifico Company Profile

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.