Grupo Aeroportuario del Pacífico (NYSE:PAC) Sees Unusually-High Trading Volume – Here’s Why

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) saw strong trading volume on Monday . 105,247 shares changed hands during trading, an increase of 29% from the previous session’s volume of 81,454 shares.The stock last traded at $195.33 and had previously closed at $203.81.

Wall Street Analyst Weigh In

Several analysts have commented on the company. UBS Group upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Tuesday, November 26th. Jefferies Financial Group raised shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and increased their price target for the stock from $140.00 to $210.00 in a research note on Wednesday, February 12th. Finally, Barclays restated an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Tuesday, January 21st. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, Grupo Aeroportuario del Pacífico presently has an average rating of “Moderate Buy” and an average target price of $200.00.

Grupo Aeroportuario del Pacífico Price Performance

The stock has a market cap of $9.80 billion, a PE ratio of 19.27, a price-to-earnings-growth ratio of 1.28 and a beta of 1.47. 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 company’s fifty day moving average is $187.91 and its 200 day moving average is $180.61.

Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico

A number of hedge funds have recently made changes to their positions in PAC. State Street Corp increased its holdings in Grupo Aeroportuario del Pacífico by 11.0% in the 3rd quarter. State Street Corp now owns 374,595 shares of the transportation company’s stock valued at $65,187,000 after purchasing an additional 37,005 shares in the last quarter. Metis Global Partners LLC lifted its position in Grupo Aeroportuario del Pacífico by 54.0% during the 3rd quarter. Metis Global Partners LLC now owns 21,542 shares of the transportation company’s stock worth $3,749,000 after acquiring an additional 7,553 shares in the last quarter. FMR LLC boosted its holdings in Grupo Aeroportuario del Pacífico by 1,454.3% in the 3rd quarter. FMR LLC now owns 19,367 shares of the transportation company’s stock worth $3,370,000 after acquiring an additional 18,121 shares during the period. BNP Paribas Financial Markets grew its position in Grupo Aeroportuario del Pacífico by 16.7% in the third quarter. BNP Paribas Financial Markets now owns 21,206 shares of the transportation company’s stock valued at $3,690,000 after acquiring an additional 3,032 shares in the last quarter. Finally, National Bank of Canada FI grew its position in Grupo Aeroportuario del Pacífico by 7,927.9% in the third quarter. National Bank of Canada FI now owns 48,970 shares of the transportation company’s stock valued at $8,521,000 after acquiring an additional 48,360 shares in the last quarter. Hedge funds and other institutional investors own 11.73% of the company’s stock.

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.