Advisors Preferred LLC Takes $595,000 Position in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Advisors Preferred LLC acquired a new stake in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 2,410 shares of the transportation company’s stock, valued at approximately $595,000.

A number of other large investors also recently bought and sold shares of the stock. Lazard Asset Management LLC grew its stake in Grupo Aeroportuario Del Pacifico by 21.8% during the 4th quarter. Lazard Asset Management LLC now owns 1,154,495 shares of the transportation company’s stock worth $304,359,000 after purchasing an additional 206,914 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in Grupo Aeroportuario Del Pacifico in the fourth quarter worth approximately $42,634,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Grupo Aeroportuario Del Pacifico during the 3rd quarter worth approximately $30,453,000. Fisher Funds Management LTD purchased a new position in Grupo Aeroportuario Del Pacifico in the fourth quarter valued at $25,933,000. Finally, Janney Montgomery Scott LLC increased its holdings in Grupo Aeroportuario Del Pacifico by 4,465.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 47,842 shares of the transportation company’s stock valued at $12,613,000 after buying an additional 46,794 shares during the last quarter. Institutional investors and hedge funds own 11.73% of the company’s stock.

Grupo Aeroportuario Del Pacifico Stock Down 2.7%

Shares of NYSE:PAC opened at $226.46 on Wednesday. The firm has a 50 day simple moving average of $242.75 and a 200-day simple moving average of $254.04. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a twelve month low of $206.91 and a twelve month high of $300.41. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.90. The company has a market capitalization of $11.44 billion, a PE ratio of 20.29, a P/E/G ratio of 0.86 and a beta of 0.93.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last announced its quarterly earnings results 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. On average, equities analysts predict that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 12.4 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

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.