Caprock Group LLC Purchases Shares of 2,299 Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Caprock Group LLC acquired a new position in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) during the third quarter, HoldingsChannel.com reports. The fund acquired 2,299 shares of the transportation company’s stock, valued at approximately $554,000.

Several other large investors have also recently modified their holdings of the company. ProShare Advisors LLC lifted its position in Grupo Aeroportuario Del Pacifico by 1.8% during the third quarter. ProShare Advisors LLC now owns 4,399 shares of the transportation company’s stock valued at $1,043,000 after acquiring an additional 78 shares during the last quarter. AdvisorShares Investments LLC purchased a new stake in shares of Grupo Aeroportuario Del Pacifico during the 3rd quarter valued at $937,000. Envestnet Asset Management Inc. boosted its position in shares of Grupo Aeroportuario Del Pacifico by 95.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 14,304 shares of the transportation company’s stock worth $3,393,000 after purchasing an additional 6,970 shares in the last quarter. Hantz Financial Services Inc. grew its stake in Grupo Aeroportuario Del Pacifico by 145.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 478 shares of the transportation company’s stock worth $113,000 after buying an additional 283 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Grupo Aeroportuario Del Pacifico by 88.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 472 shares of the transportation company’s stock valued at $112,000 after buying an additional 221 shares in the last quarter. Institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario Del Pacifico Stock Performance

Shares of Grupo Aeroportuario Del Pacifico stock opened at $292.72 on Wednesday. The firm has a fifty day moving average price of $271.41 and a 200 day moving average price of $247.10. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 1 year low of $168.62 and a 1 year high of $294.82. The company has a debt-to-equity ratio of 2.21, a current ratio of 2.01 and a quick ratio of 2.01.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PAC. Citigroup reissued a “neutral” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, January 15th. Zacks Research upgraded shares of Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Thursday, January 22nd. JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a research note on Friday, November 14th. Finally, Bank of America raised Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a research report on Thursday, December 11th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Grupo Aeroportuario Del Pacifico has an average rating of “Hold”.

Grupo Aeroportuario Del Pacifico 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.