Triasima Portfolio Management inc. Takes Position in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Triasima Portfolio Management inc. acquired a new stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) during the third quarter, HoldingsChannel reports. The fund acquired 8,670 shares of the transportation company’s stock, valued at approximately $2,056,000.

Several other institutional investors also recently bought and sold shares of PAC. American Century Companies Inc. lifted its holdings in Grupo Aeroportuario Del Pacifico by 192.5% during the second quarter. American Century Companies Inc. now owns 143,018 shares of the transportation company’s stock worth $32,840,000 after buying an additional 94,115 shares during the period. Metis Global Partners LLC raised its position in shares of Grupo Aeroportuario Del Pacifico by 27.7% in the 2nd quarter. Metis Global Partners LLC now owns 30,892 shares of the transportation company’s stock worth $7,093,000 after acquiring an additional 6,708 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Grupo Aeroportuario Del Pacifico during the 2nd quarter worth $3,593,000. Lazard Asset Management LLC grew its stake in Grupo Aeroportuario Del Pacifico by 7.6% in the second quarter. Lazard Asset Management LLC now owns 835,369 shares of the transportation company’s stock valued at $191,816,000 after purchasing an additional 59,351 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Grupo Aeroportuario Del Pacifico in the second quarter valued at about $1,297,000. 11.73% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario Del Pacifico Stock Performance

NYSE PAC opened at $260.44 on Tuesday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.01 and a current ratio of 2.01. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a fifty-two week low of $168.62 and a fifty-two week high of $273.40. The stock’s fifty day moving average is $248.94 and its two-hundred day moving average is $239.10. The firm has a market capitalization of $13.35 billion, a P/E ratio of 24.94, a price-to-earnings-growth ratio of 1.97 and a beta of 1.02.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last posted its quarterly earnings results on Tuesday, October 21st. The transportation company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.96 by ($0.10). Grupo Aeroportuario Del Pacifico had a net margin of 25.27% and a return on equity of 42.07%. The firm had revenue of $522.83 million during the quarter, compared to analysts’ expectations of $11.04 billion. On average, research analysts anticipate that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 earnings per share for the current year.

Analyst Upgrades and Downgrades

PAC has been the topic of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, October 8th. Citigroup reaffirmed a “neutral” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, January 15th. JPMorgan Chase & Co. raised Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a research report on Friday, November 14th. Zacks Research downgraded Grupo Aeroportuario Del Pacifico from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, December 4th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $210.00.

Grupo Aeroportuario Del Pacifico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE:PAC), commonly known as GAP, is a leading airport operator in Mexico. Established in 1998 as part of the federal government’s airport privatization program, GAP holds long‐term concession agreements—typically 50 years—to manage, develop and operate airports under a public–private partnership model. Through these concessions, the company undertakes terminal expansions, runway maintenance and the modernization of navigation and security systems.

The company’s portfolio comprises 12 airports across Mexico’s Pacific and western regions, including major hubs such as Guadalajara, Tijuana, Los Cabos, Puerto Vallarta and Mazatlán, as well as regional facilities in Aguascalientes, Morelia and La Paz.