Eagle Ridge Investment Management Acquires 1,758 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Eagle Ridge Investment Management increased its holdings in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 2.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 72,552 shares of the transportation company’s stock after acquiring an additional 1,758 shares during the period. Eagle Ridge Investment Management owned about 0.14% of Grupo Aeroportuario del Pacífico worth $12,625,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets lifted its position in shares of Grupo Aeroportuario del Pacífico by 70.8% during the first quarter. BNP Paribas Financial Markets now owns 14,706 shares of the transportation company’s stock worth $2,400,000 after purchasing an additional 6,097 shares during the last quarter. Sei Investments Co. grew its stake in Grupo Aeroportuario del Pacífico by 0.6% in the 1st quarter. Sei Investments Co. now owns 12,446 shares of the transportation company’s stock worth $2,031,000 after acquiring an additional 73 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Grupo Aeroportuario del Pacífico by 3.0% during the first quarter. Russell Investments Group Ltd. now owns 101,851 shares of the transportation company’s stock worth $16,619,000 after acquiring an additional 2,941 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in shares of Grupo Aeroportuario del Pacífico by 8.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 31,464 shares of the transportation company’s stock valued at $5,128,000 after acquiring an additional 2,385 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Grupo Aeroportuario del Pacífico during the first quarter valued at approximately $2,676,000. 11.73% of the stock is owned by institutional investors.

Grupo Aeroportuario del Pacífico Stock Performance

Shares of Grupo Aeroportuario del Pacífico stock opened at $171.50 on Friday. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a one year low of $107.25 and a one year high of $197.31. The company has a market capitalization of $8.67 billion, a PE ratio of 17.05, a P/E/G ratio of 1.52 and a beta of 1.46. The company has a 50-day simple moving average of $173.18 and a two-hundred day simple moving average of $170.16.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last posted its earnings results on Monday, October 21st. The transportation company reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.42). Grupo Aeroportuario del Pacífico had a net margin of 27.04% and a return on equity of 42.92%. The firm had revenue of $435.43 million for the quarter. On average, equities analysts predict that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 9.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PAC has been the topic of several research reports. Bank of America upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Wednesday, August 28th. The Goldman Sachs Group lifted their price objective on Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the company a “buy” rating in a report on Friday, August 30th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Thursday, September 5th. Citigroup raised shares of Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, Scotiabank lowered shares of Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $224.00 to $185.00 in a report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Grupo Aeroportuario del Pacífico presently has an average rating of “Moderate Buy” and a consensus price target of $195.00.

Grupo Aeroportuario del Pacífico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and manage airports in Mexico and Jamaica. The company operates twelve international airports in Guadalajara and Tijuana areas, Mexico; and two international airports in Montego Bay, Jamaica.