Northcape Capital Pty Ltd Sells 17,438 Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Northcape Capital Pty Ltd reduced its stake in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 9.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 173,611 shares of the transportation company’s stock after selling 17,438 shares during the quarter. Grupo Aeroportuario Del Pacifico comprises 5.9% of Northcape Capital Pty Ltd’s investment portfolio, making the stock its 6th largest position. Northcape Capital Pty Ltd’s holdings in Grupo Aeroportuario Del Pacifico were worth $43,951,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its holdings in Grupo Aeroportuario Del Pacifico by 65.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 164 shares of the transportation company’s stock worth $43,000 after purchasing an additional 65 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Grupo Aeroportuario Del Pacifico in the third quarter valued at about $43,000. Kestra Advisory Services LLC acquired a new position in shares of Grupo Aeroportuario Del Pacifico during the fourth quarter worth about $54,000. Van ECK Associates Corp boosted its position in shares of Grupo Aeroportuario Del Pacifico by 20.6% during the third quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock worth $79,000 after buying an additional 57 shares during the period. Finally, Allworth Financial LP grew its holdings in shares of Grupo Aeroportuario Del Pacifico by 92.0% during the fourth quarter. Allworth Financial LP now owns 311 shares of the transportation company’s stock worth $82,000 after buying an additional 149 shares in the last quarter. 11.73% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario Del Pacifico Stock Down 3.1%

Grupo Aeroportuario Del Pacifico stock opened at $215.86 on Tuesday. The firm has a market capitalization of $10.91 billion, a PE ratio of 19.17, a P/E/G ratio of 1.58 and a beta of 0.94. The company’s 50-day moving average is $233.43 and its 200-day moving average is $247.76. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a fifty-two week low of $206.91 and a fifty-two week high of $300.41. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.84 and a quick ratio of 0.84.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last issued its earnings results on Monday, July 13th. The transportation company reported $2.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.30). Grupo Aeroportuario Del Pacifico had a net margin of 25.36% and a return on equity of 32.44%. The firm had revenue of $645.23 million during the quarter, compared to the consensus estimate of $732.26 million. Sell-side analysts anticipate that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group dropped their target price on Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, June 3rd. Morgan Stanley upgraded Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $210.00 to $225.00 in a report on Wednesday, August 5th. Finally, Citigroup raised Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a research report on Monday, July 20th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Grupo Aeroportuario Del Pacifico has a consensus rating of “Moderate Buy” and an average target price of $250.00.

Grupo Aeroportuario Del Pacifico 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.