Renaissance Technologies LLC Sells 16,400 Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Renaissance Technologies LLC trimmed its position in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 3.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 415,800 shares of the transportation company’s stock after selling 16,400 shares during the quarter. Renaissance Technologies LLC’s holdings in Grupo Aeroportuario Del Pacifico were worth $102,649,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PAC. Novem Group bought a new position in Grupo Aeroportuario Del Pacifico in the 4th quarter worth $1,239,000. Fisher Funds Management LTD bought a new position in Grupo Aeroportuario Del Pacifico in the fourth quarter worth about $25,933,000. State of New Jersey Common Pension Fund D lifted its holdings in Grupo Aeroportuario Del Pacifico by 18.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 27,648 shares of the transportation company’s stock worth $7,289,000 after buying an additional 4,249 shares during the period. Northcape Capital Pty Ltd grew its holdings in shares of Grupo Aeroportuario Del Pacifico by 1.7% during the 4th quarter. Northcape Capital Pty Ltd now owns 191,049 shares of the transportation company’s stock worth $51,589,000 after acquiring an additional 3,214 shares during the period. Finally, Ashoka WhiteOak Capital Pte Ltd grew its holdings in shares of Grupo Aeroportuario Del Pacifico by 91.4% during the 4th quarter. Ashoka WhiteOak Capital Pte Ltd now owns 6,700 shares of the transportation company’s stock worth $1,763,000 after acquiring an additional 3,200 shares during the period. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PAC has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, June 3rd. Citigroup raised Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a research note on Monday, July 20th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Grupo Aeroportuario Del Pacifico Trading Up 0.1%

NYSE PAC opened at $215.59 on Friday. The stock’s fifty day moving average price is $238.59 and its 200-day moving average price is $251.52. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.95. The stock has a market cap of $10.89 billion, a P/E ratio of 19.15, a P/E/G ratio of 1.44 and a beta of 0.93. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 12 month low of $206.91 and a 12 month high of $300.41.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last announced its quarterly earnings results on Tuesday, July 14th. The transportation company reported $2.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.30). The firm had revenue of $645.23 million during the quarter, compared to the consensus estimate of $732.26 million. Grupo Aeroportuario Del Pacifico had a return on equity of 32.44% and a net margin of 25.36%. As a group, equities analysts forecast that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 11.24 EPS for the current fiscal year.

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.