Harbour Capital Advisors LLC Sells 115 Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Harbour Capital Advisors LLC trimmed its holdings in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 3.1% in the second quarter, Holdings Channel.com reports. The fund owned 3,642 shares of the transportation company’s stock after selling 115 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Grupo Aeroportuario Del Pacifico were worth $858,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PAC. Bank of America Corp DE lifted its holdings in shares of Grupo Aeroportuario Del Pacifico by 60.2% during the 4th quarter. Bank of America Corp DE now owns 17,736 shares of the transportation company’s stock worth $3,104,000 after acquiring an additional 6,665 shares during the period. Quantinno Capital Management LP lifted its holdings in Grupo Aeroportuario Del Pacifico by 24.3% during the 4th quarter. Quantinno Capital Management LP now owns 2,950 shares of the transportation company’s stock valued at $516,000 after purchasing an additional 576 shares during the last quarter. Snowden Capital Advisors LLC lifted its holdings in Grupo Aeroportuario Del Pacifico by 15.0% during the 4th quarter. Snowden Capital Advisors LLC now owns 1,476 shares of the transportation company’s stock valued at $258,000 after purchasing an additional 193 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Grupo Aeroportuario Del Pacifico by 20,901.9% during the 1st quarter. GAMMA Investing LLC now owns 11,131 shares of the transportation company’s stock valued at $20,650,000 after purchasing an additional 11,078 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in Grupo Aeroportuario Del Pacifico by 20.3% during the 1st quarter. Parallel Advisors LLC now owns 350 shares of the transportation company’s stock valued at $65,000 after purchasing an additional 59 shares during the last quarter. 11.73% of the stock is owned by institutional investors.

Grupo Aeroportuario Del Pacifico Trading Down 0.5%

PAC opened at $250.56 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.02. The stock has a market capitalization of $12.66 billion, a PE ratio of 25.99, a PEG ratio of 3.11 and a beta of 1.11. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 1-year low of $163.76 and a 1-year high of $259.33. The firm has a 50-day moving average price of $240.19 and a two-hundred day moving average price of $220.01.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last posted its quarterly earnings data on Monday, July 21st. The transportation company reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.05). The company had revenue of $584.36 million during the quarter, compared to analyst estimates of $10.86 billion. Grupo Aeroportuario Del Pacifico had a net margin of 24.28% and a return on equity of 39.81%. As a group, equities analysts anticipate that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 earnings per share for the current fiscal year.

Grupo Aeroportuario Del Pacifico Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, August 25th. Stockholders of record on Wednesday, August 13th were given a dividend of $4.4656 per share. The ex-dividend date was Wednesday, August 13th. This represents a dividend yield of 350.0%. This is a positive change from Grupo Aeroportuario Del Pacifico’s previous semi-annual dividend of $4.32. Grupo Aeroportuario Del Pacifico’s dividend payout ratio is presently 81.95%.

Analysts Set New Price Targets

PAC has been the subject of several analyst reports. Wall Street Zen downgraded shares of Grupo Aeroportuario Del Pacifico from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario Del Pacifico from an “underweight” rating to a “neutral” rating in a report on Friday, May 23rd. Bank of America downgraded shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “underperform” rating in a report on Thursday, June 12th. Finally, Citigroup reissued a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, September 10th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Grupo Aeroportuario Del Pacifico currently has an average rating of “Hold” and a consensus target price of $197.50.

Grupo Aeroportuario Del Pacifico 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.