Empowered Funds LLC Has $18.42 Million Stock Holdings in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Empowered Funds LLC increased its position in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 148.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 74,607 shares of the transportation company’s stock after buying an additional 44,531 shares during the quarter. Empowered Funds LLC’s holdings in Grupo Aeroportuario Del Pacifico were worth $18,418,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in Grupo Aeroportuario Del Pacifico by 65.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 164 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 65 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Grupo Aeroportuario Del Pacifico during the 3rd quarter worth about $43,000. Kestra Advisory Services LLC purchased a new stake in shares of Grupo Aeroportuario Del Pacifico during the 4th quarter worth about $54,000. Allworth Financial LP lifted its holdings in shares of Grupo Aeroportuario Del Pacifico by 92.0% during the 4th quarter. Allworth Financial LP now owns 311 shares of the transportation company’s stock valued at $82,000 after buying an additional 149 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Grupo Aeroportuario Del Pacifico by 20.6% during the 3rd quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock valued at $79,000 after buying an additional 57 shares during the last quarter. Institutional investors and hedge funds own 11.73% of the company’s stock.

Grupo Aeroportuario Del Pacifico Trading Up 0.1%

Grupo Aeroportuario Del Pacifico stock opened at $216.51 on Wednesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $10.94 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 1.54 and a beta of 0.93. 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 company’s fifty day moving average price is $237.47 and its two-hundred day moving average price is $250.73.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last posted its earnings results on Tuesday, July 14th. The transportation company reported $2.80 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $645.23 million for the quarter, compared to the consensus estimate of $732.26 million. On average, analysts forecast that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PAC has been the topic of a number of research reports. Citigroup upgraded Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a report on Monday, July 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, June 3rd. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Grupo Aeroportuario Del Pacifico presently has an average rating of “Moderate Buy”.

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.