Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Sees Significant Decrease in Short Interest

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PACGet Rating) was the target of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 178,400 shares, a decrease of 27.5% from the May 15th total of 246,100 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 57,000 shares, the days-to-cover ratio is presently 3.1 days.

A number of institutional investors have recently made changes to their positions in PAC. BlackRock Inc. grew its holdings in Grupo Aeroportuario del Pacífico by 0.5% during the first quarter. BlackRock Inc. now owns 1,272,669 shares of the transportation company’s stock valued at $205,193,000 after purchasing an additional 6,721 shares during the last quarter. Schroder Investment Management Group grew its stake in Grupo Aeroportuario del Pacífico by 88.2% in the 4th quarter. Schroder Investment Management Group now owns 180,865 shares of the transportation company’s stock valued at $2,487,000 after buying an additional 84,779 shares during the last quarter. Credit Suisse AG raised its holdings in Grupo Aeroportuario del Pacífico by 26.2% in the 4th quarter. Credit Suisse AG now owns 94,921 shares of the transportation company’s stock worth $13,048,000 after acquiring an additional 19,721 shares during the period. Mackenzie Financial Corp lifted its position in Grupo Aeroportuario del Pacífico by 40.3% during the 1st quarter. Mackenzie Financial Corp now owns 90,420 shares of the transportation company’s stock worth $14,578,000 after acquiring an additional 25,978 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Grupo Aeroportuario del Pacífico by 13.2% during the first quarter. Dimensional Fund Advisors LP now owns 82,864 shares of the transportation company’s stock valued at $13,349,000 after acquiring an additional 9,684 shares during the period. 12.68% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently commented on the stock. StockNews.com downgraded shares of Grupo Aeroportuario del Pacífico from a “buy” rating to a “hold” rating in a research report on Saturday, June 11th. TheStreet upgraded shares of Grupo Aeroportuario del Pacífico from a “c” rating to a “b” rating in a report on Friday, May 20th. JPMorgan Chase & Co. lowered Grupo Aeroportuario del Pacífico from a “neutral” rating to an “underweight” rating in a report on Tuesday, May 3rd. Finally, Citigroup boosted their target price on Grupo Aeroportuario del Pacífico from $150.00 to $169.00 and gave the company a “buy” rating in a research note on Monday, March 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Grupo Aeroportuario del Pacífico has an average rating of “Hold” and a consensus target price of $147.67.

Shares of Grupo Aeroportuario del Pacífico stock traded up $2.45 during midday trading on Friday, reaching $137.21. 5,383 shares of the company’s stock traded hands, compared to its average volume of 43,873. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.23 and a current ratio of 3.23. Grupo Aeroportuario del Pacífico has a 52 week low of $103.99 and a 52 week high of $167.24. The company’s 50 day simple moving average is $146.17 and its 200 day simple moving average is $141.39. The company has a market cap of $7.03 billion, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.

Grupo Aeroportuario del Pacífico (NYSE:PACGet Rating) last posted its earnings results on Monday, April 25th. The transportation company reported $2.29 EPS for the quarter, topping the consensus estimate of $1.43 by $0.86. Grupo Aeroportuario del Pacífico had a net margin of 34.29% and a return on equity of 35.01%. The firm had revenue of $301.98 million for the quarter. As a group, equities research analysts predict that Grupo Aeroportuario del Pacífico will post 6.76 earnings per share for the current year.

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, May 26th. Investors of record on Friday, May 13th were paid a $3.1502 dividend. This represents a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, May 12th. Grupo Aeroportuario del Pacífico’s payout ratio is 100.86%.

About Grupo Aeroportuario del Pacífico (Get Rating)

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, manages, operates, and develops airports primarily in Mexico's Pacific region. It operates 12 airports in Guadalajara, Puerto Vallarta, Tijuana, San Josà del Cabo, Guanajuato (BajÃo), Hermosillo, Mexicali, Los Mochis, La Paz, Manzanillo, Morelia, and Aguascalientes.

Featured Stories

Want More Great Investing Ideas?

Receive News & Ratings for Grupo Aeroportuario del Pacífico Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Aeroportuario del Pacífico and related companies with MarketBeat.com's FREE daily email newsletter.