Malaga Cove Capital LLC Buys 611 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 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,518 shares of the transportation company’s stock after acquiring an additional 611 shares during the quarter. Grupo Aeroportuario del Pacífico comprises 1.3% of Malaga Cove Capital LLC’s portfolio, making the stock its 19th largest position. Malaga Cove Capital LLC’s holdings in Grupo Aeroportuario del Pacífico were worth $3,223,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PAC. Albert D Mason Inc. increased its position in shares of Grupo Aeroportuario del Pacífico by 0.5% during the third quarter. Albert D Mason Inc. now owns 12,645 shares of the transportation company’s stock worth $2,200,000 after acquiring an additional 63 shares in the last quarter. Signaturefd LLC lifted its position in shares of Grupo Aeroportuario del Pacífico by 34.0% in the third quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock valued at $44,000 after buying an additional 64 shares during the last quarter. Sei Investments Co. lifted its position in Grupo Aeroportuario del Pacífico by 0.6% during the first 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 during the last quarter. US Bancorp DE lifted its holdings in Grupo Aeroportuario del Pacífico by 24.4% during the 3rd quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock worth $78,000 after purchasing an additional 88 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of Grupo Aeroportuario del Pacífico by 67.9% in the third quarter. Van ECK Associates Corp now owns 220 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 89 shares during the period. Institutional investors own 11.73% of the company’s stock.

Analyst Ratings Changes

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

Grupo Aeroportuario del Pacífico Stock Performance

NYSE:PAC opened at $175.02 on Thursday. The stock’s 50-day moving average is $174.89 and its 200-day moving average is $170.96. The stock has a market cap of $8.84 billion, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 1.49 and a beta of 1.46. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 1-year low of $125.29 and a 1-year high of $197.31. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08.

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.