Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Shares Acquired by Eagle Ridge Investment Management

Eagle Ridge Investment Management grew its position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 2.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 72,552 shares of the transportation company’s stock after purchasing an additional 1,758 shares during the period. Eagle Ridge Investment Management’s holdings in Grupo Aeroportuario del Pacífico were worth $12,625,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PAC. Signaturefd LLC grew its position in Grupo Aeroportuario del Pacífico by 34.0% during the 3rd quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock worth $44,000 after purchasing an additional 64 shares during the period. Blue Trust Inc. raised its position in Grupo Aeroportuario del Pacífico by 163.0% during the second quarter. Blue Trust Inc. now owns 284 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 176 shares in the last quarter. SG Americas Securities LLC acquired a new position in Grupo Aeroportuario del Pacífico in the second quarter valued at approximately $242,000. Virtu Financial LLC purchased a new stake in Grupo Aeroportuario del Pacífico in the 1st quarter worth approximately $293,000. Finally, Outlook Wealth Advisors LLC acquired a new stake in shares of Grupo Aeroportuario del Pacífico during the 2nd quarter worth approximately $304,000. Hedge funds and other institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario del Pacífico Stock Down 0.0 %

PAC opened at $171.50 on Friday. The company has a market cap of $8.67 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 1.52 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 $197.31. The company has a 50-day moving average price of $173.18 and a 200 day moving average price of $170.16.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last announced 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). The firm had revenue of $435.43 million for the quarter. Grupo Aeroportuario del Pacífico had a net margin of 27.04% and a return on equity of 42.92%. As a group, sell-side analysts expect that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 9.85 earnings per share for the current year.

Analysts Set New Price Targets

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

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.