Cozad Asset Management Inc. Purchases Shares of 1,253 Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Cozad Asset Management Inc. acquired a new position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) during the third quarter, according to its most recent filing with the SEC. The firm acquired 1,253 shares of the transportation company’s stock, valued at approximately $218,000.

Other hedge funds have also recently made changes to their positions in the company. Van ECK Associates Corp boosted its holdings in Grupo Aeroportuario del Pacífico by 67.9% in the third quarter. Van ECK Associates Corp now owns 220 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 89 shares in the last quarter. Signaturefd LLC lifted its position in shares of Grupo Aeroportuario del Pacífico by 34.0% in the 3rd quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock worth $44,000 after purchasing an additional 64 shares during the period. Blue Trust Inc. boosted its stake in shares of Grupo Aeroportuario del Pacífico by 163.0% during the 2nd quarter. Blue Trust Inc. now owns 284 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 176 shares in the last quarter. US Bancorp DE increased its position in shares of Grupo Aeroportuario del Pacífico by 24.4% during the third quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock valued at $78,000 after buying an additional 88 shares during the period. Finally, SG Americas Securities LLC bought a new position in Grupo Aeroportuario del Pacífico in the second quarter worth about $242,000. 11.73% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Pacífico Stock Down 2.0 %

Shares of NYSE:PAC opened at $179.01 on Friday. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 12-month low of $125.29 and a 12-month high of $197.31. The stock has a market capitalization of $9.05 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 1.54 and a beta of 1.46. The stock has a fifty day simple moving average of $175.00 and a two-hundred day simple moving average of $171.17. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Citigroup raised Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research report on Wednesday, August 28th. Bank of America raised Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Thursday, September 5th. Scotiabank cut shares of Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $224.00 to $185.00 in a report on Wednesday, September 25th. Finally, The Goldman Sachs Group increased their price target on shares of Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $195.00.

About Grupo Aeroportuario del Pacífico

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.