AGF Management Ltd. Sells 2,388 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

AGF Management Ltd. decreased its holdings in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 22.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,271 shares of the transportation company’s stock after selling 2,388 shares during the period. AGF Management Ltd.’s holdings in Grupo Aeroportuario del Pacífico were worth $1,447,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Blue Trust Inc. raised its position in Grupo Aeroportuario del Pacífico by 13.6% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the transportation company’s stock valued at $78,000 after purchasing an additional 53 shares during the last quarter. US Bancorp DE raised its position 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 valued at $78,000 after purchasing an additional 88 shares during the last quarter. Financial Advocates Investment Management raised its position in Grupo Aeroportuario del Pacífico by 3.7% during the 4th quarter. Financial Advocates Investment Management now owns 2,487 shares of the transportation company’s stock valued at $435,000 after purchasing an additional 88 shares during the last quarter. Centiva Capital LP raised its position in Grupo Aeroportuario del Pacífico by 7.2% during the 3rd quarter. Centiva Capital LP now owns 2,447 shares of the transportation company’s stock valued at $426,000 after purchasing an additional 165 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Grupo Aeroportuario del Pacífico by 7.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,465 shares of the transportation company’s stock worth $429,000 after acquiring an additional 175 shares in the last quarter. Institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario del Pacífico Stock Performance

Grupo Aeroportuario del Pacífico stock opened at $191.40 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $9.67 billion, a P/E ratio of 19.03, a PEG ratio of 1.28 and a beta of 1.46. The stock’s 50 day moving average is $189.96 and its 200 day moving average is $182.63. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a twelve month low of $144.36 and a twelve month high of $205.35.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Jefferies Financial Group raised Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and increased their target price for the stock from $140.00 to $210.00 in a research report on Wednesday, February 12th. Bank of America lowered Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 4th. UBS Group raised Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 26th. Finally, Barclays reissued an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $200.00.

About Grupo Aeroportuario del Pacífico

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.