Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Short Interest Down 15.6% in September

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totalling 117,300 shares, a drop of 15.6% from the August 31st total of 138,900 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 57,500 shares, the short-interest ratio is presently 2.0 days.

Grupo Aeroportuario del Pacífico Stock Performance

Shares of PAC stock traded down $2.97 during trading hours on Friday, hitting $177.69. The stock had a trading volume of 75,146 shares, compared to its average volume of 55,593. The stock’s 50 day moving average is $167.08 and its 200 day moving average is $167.92. The firm has a market capitalization of $8.98 billion, a PE ratio of 15.87, a PEG ratio of 1.68 and a beta of 1.47. Grupo Aeroportuario del Pacífico has a twelve month low of $107.25 and a twelve month high of $197.31. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.13 and a quick ratio of 1.13.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last posted its quarterly earnings data on Monday, July 22nd. The transportation company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.46). Grupo Aeroportuario del Pacífico had a net margin of 29.26% and a return on equity of 47.50%. The business had revenue of $421.54 million during the quarter. As a group, research analysts forecast that Grupo Aeroportuario del Pacífico will post 9.88 earnings per share for the current fiscal year.

Grupo Aeroportuario del Pacífico Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, August 2nd. Shareholders of record on Monday, July 22nd were paid a $3.8657 dividend. This is an increase from Grupo Aeroportuario del Pacífico’s previous semi-annual dividend of $2.09. This represents a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, July 22nd. Grupo Aeroportuario del Pacífico’s dividend payout ratio (DPR) is 33.75%.

Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

Several large investors have recently modified their holdings of PAC. Capital International Investors raised its position in Grupo Aeroportuario del Pacífico by 5.1% during the 4th quarter. Capital International Investors now owns 72,786 shares of the transportation company’s stock worth $12,696,000 after buying an additional 3,517 shares during the last quarter. Mather Group LLC. purchased a new position in Grupo Aeroportuario del Pacífico during the first quarter worth about $119,000. Sanders Morris Harris LLC acquired a new stake in Grupo Aeroportuario del Pacífico in the first quarter valued at about $261,000. Eagle Ridge Investment Management boosted its holdings in Grupo Aeroportuario del Pacífico by 2.2% in the 1st quarter. Eagle Ridge Investment Management now owns 70,143 shares of the transportation company’s stock valued at $11,445,000 after purchasing an additional 1,538 shares in the last quarter. Finally, UMB Bank n.a. purchased a new position in shares of Grupo Aeroportuario del Pacífico during the 1st quarter worth approximately $32,000. Hedge funds and other institutional investors own 11.73% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PAC shares. Bank of America raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Wednesday, August 28th. Scotiabank downgraded Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $224.00 to $185.00 in a report on Wednesday. The Goldman Sachs Group boosted their target price on 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. Citigroup raised shares of Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $195.00.

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.