ABS Direct Equity Fund LLC Makes New $2.44 Million Investment in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

ABS Direct Equity Fund LLC purchased a new position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) in the 4th quarter, HoldingsChannel reports. The fund purchased 13,950 shares of the transportation company’s stock, valued at approximately $2,444,000. Grupo Aeroportuario del Pacífico comprises approximately 2.3% of ABS Direct Equity Fund LLC’s holdings, making the stock its 13th biggest position.

A number of other large investors have also modified their holdings of the stock. Quantbot Technologies LP acquired a new position in shares of Grupo Aeroportuario del Pacífico during the third quarter worth about $74,000. Mondrian Investment Partners LTD raised its holdings in shares of Grupo Aeroportuario del Pacífico by 22.0% in the 3rd quarter. Mondrian Investment Partners LTD now owns 665 shares of the transportation company’s stock valued at $109,000 after purchasing an additional 120 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Grupo Aeroportuario del Pacífico by 19.3% during the 4th quarter. Blue Trust Inc. now owns 685 shares of the transportation company’s stock worth $113,000 after purchasing an additional 111 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Grupo Aeroportuario del Pacífico by 8.1% during the third quarter. New York State Common Retirement Fund now owns 1,222 shares of the transportation company’s stock worth $201,000 after purchasing an additional 92 shares in the last quarter. Finally, QRG Capital Management Inc. purchased a new position in Grupo Aeroportuario del Pacífico in the third quarter valued at $220,000. Hedge funds and other institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario del Pacífico Stock Up 0.6 %

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

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 (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.18. Grupo Aeroportuario del Pacífico had a net margin of 29.12% and a return on equity of 52.18%. The company had revenue of $520.93 million during the quarter. Analysts anticipate that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $135.00 to $175.00 in a research report on Friday, January 26th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $175.00.

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.