Sage Investment Counsel LLC Acquires Shares of 2,740 Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Sage Investment Counsel LLC purchased a new position in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,740 shares of the transportation company’s stock, valued at approximately $479,000.

A number of other hedge funds have also bought and sold shares of the company. Blue Trust Inc. grew its stake in Grupo Aeroportuario del Pacífico by 13.6% in the fourth quarter. Blue Trust Inc. now owns 443 shares of the transportation company’s stock worth $78,000 after purchasing an additional 53 shares in the last quarter. Kestra Private Wealth Services LLC grew its stake in Grupo Aeroportuario del Pacífico by 7.1% in the fourth quarter. Kestra Private Wealth Services LLC now owns 2,908 shares of the transportation company’s stock worth $509,000 after purchasing an additional 194 shares in the last quarter. Empowered Funds LLC acquired a new position in Grupo Aeroportuario del Pacífico in the fourth quarter worth about $150,000. Financial Advocates Investment Management grew its stake in Grupo Aeroportuario del Pacífico by 3.7% in the fourth quarter. Financial Advocates Investment Management now owns 2,487 shares of the transportation company’s stock worth $435,000 after purchasing an additional 88 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Grupo Aeroportuario del Pacífico by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 811 shares of the transportation company’s stock worth $144,000 after purchasing an additional 237 shares in the last quarter. 11.73% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Pacífico Stock Performance

Shares of PAC stock opened at $189.34 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. The business has a 50 day moving average of $188.49 and a two-hundred day moving average of $181.02. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 52 week low of $139.64 and a 52 week high of $205.35. The company has a market cap of $9.57 billion, a P/E ratio of 18.82, a PEG ratio of 1.28 and a beta of 1.47.

Analysts Set New Price Targets

A number of research firms recently commented on PAC. Jefferies Financial Group upgraded Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and lifted their price target for the stock from $140.00 to $210.00 in a research note on Wednesday, February 12th. Barclays reiterated an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Tuesday, January 21st. Finally, UBS Group upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Grupo Aeroportuario del Pacífico currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.00.

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.