Financial Advocates Investment Management Has $418,000 Stock Holdings in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Financial Advocates Investment Management raised its stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 7.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,399 shares of the transportation company’s stock after purchasing an additional 173 shares during the quarter. Financial Advocates Investment Management’s holdings in Grupo Aeroportuario del Pacífico were worth $418,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PAC. BNP Paribas Financial Markets grew its stake in shares of Grupo Aeroportuario del Pacífico by 70.8% in the first quarter. BNP Paribas Financial Markets now owns 14,706 shares of the transportation company’s stock valued at $2,400,000 after buying an additional 6,097 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of Grupo Aeroportuario del Pacífico by 141.5% in the 1st quarter. Lazard Asset Management LLC now owns 481,256 shares of the transportation company’s stock valued at $78,526,000 after acquiring an additional 281,966 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Grupo Aeroportuario del Pacífico during the 1st quarter worth about $2,676,000. Marshall Financial Group LLC bought a new stake in shares of Grupo Aeroportuario del Pacífico in the 2nd quarter valued at about $867,000. Finally, 1832 Asset Management L.P. acquired a new stake in Grupo Aeroportuario del Pacífico in the 2nd quarter valued at about $13,976,000. Institutional investors and hedge funds own 11.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PAC shares. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Thursday, September 5th. The Goldman Sachs Group increased their price target on 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. Scotiabank downgraded Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from $224.00 to $185.00 in a report on Wednesday, September 25th. Citigroup raised shares of Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, Bank of America raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $195.00.

Grupo Aeroportuario del Pacífico Stock Performance

Shares of NYSE PAC opened at $166.34 on Friday. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a one year low of $120.58 and a one year high of $197.31. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50. The firm has a market cap of $8.41 billion, a price-to-earnings ratio of 16.53, a P/E/G ratio of 1.53 and a beta of 1.46. The stock’s fifty day moving average price is $174.36 and its two-hundred day moving average price is $170.51.

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.