Malaga Cove Capital LLC Purchases 3,553 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Malaga Cove Capital LLC raised its holdings in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 24.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,901 shares of the transportation company’s stock after acquiring an additional 3,553 shares during the period. Grupo Aeroportuario del Pacífico comprises about 1.3% of Malaga Cove Capital LLC’s investment portfolio, making the stock its 16th largest holding. Malaga Cove Capital LLC’s holdings in Grupo Aeroportuario del Pacífico were worth $3,137,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. lifted its holdings in shares of Grupo Aeroportuario del Pacífico by 4.9% in the fourth quarter. Russell Investments Group Ltd. now owns 98,910 shares of the transportation company’s stock valued at $17,331,000 after purchasing an additional 4,590 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in Grupo Aeroportuario del Pacífico by 141.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 6,730 shares of the transportation company’s stock worth $1,179,000 after acquiring an additional 3,945 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Grupo Aeroportuario del Pacífico by 10.6% during the 4th quarter. Mackenzie Financial Corp now owns 70,888 shares of the transportation company’s stock worth $12,421,000 after acquiring an additional 6,776 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Grupo Aeroportuario del Pacífico by 19.3% in the fourth quarter. Blue Trust Inc. now owns 685 shares of the transportation company’s stock valued at $113,000 after purchasing an additional 111 shares during the last quarter. Finally, Northcape Capital Pty Ltd lifted its position in shares of Grupo Aeroportuario del Pacífico by 86.4% in the fourth quarter. Northcape Capital Pty Ltd now owns 96,758 shares of the transportation company’s stock worth $16,954,000 after purchasing an additional 44,862 shares in the last quarter. Institutional investors and hedge funds own 11.73% of the company’s stock.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating and lifted their price target for the company from $135.00 to $175.00 in a research note on Friday, January 26th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Grupo Aeroportuario del Pacífico has a consensus rating of “Moderate Buy” and a consensus price target of $175.00.

Grupo Aeroportuario del Pacífico Stock Up 0.6 %

Shares of NYSE:PAC traded up $1.04 during midday trading on Friday, hitting $183.99. The stock had a trading volume of 20,537 shares, compared to its average volume of 55,065. The company has a quick ratio of 1.22, a current ratio of 1.13 and a debt-to-equity ratio of 1.83. The business’s 50-day simple moving average is $159.42 and its 200-day simple moving average is $153.76. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 12 month low of $107.25 and a 12 month high of $196.66. The company has a market cap of $9.30 billion, a P/E ratio of 16.43, a PEG ratio of 2.66 and a beta of 1.46.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last released its quarterly earnings data on Monday, February 26th. The transportation company reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.18. The company had revenue of $520.93 million for the quarter. Grupo Aeroportuario del Pacífico had a net margin of 29.12% and a return on equity of 52.18%. On average, sell-side analysts forecast that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10.76 earnings per share for the current fiscal year.

Grupo Aeroportuario del Pacífico Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, manages, operates, and develops airports primarily in Mexico's Pacific region. The company was incorporated in 1998 and is headquartered in Guadalajara, Mexico.