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

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 108,200 shares, a decline of 25.0% from the February 29th total of 144,200 shares. Based on an average trading volume of 58,300 shares, the short-interest ratio is currently 1.9 days. Currently, 0.3% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating and increased their target price for the stock from $135.00 to $175.00 in a report on Friday, January 26th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Grupo Aeroportuario del Pacífico currently has a consensus rating of “Moderate Buy” and an average price target of $175.00.

Grupo Aeroportuario del Pacífico Stock Up 0.9 %

Shares of PAC stock opened at $163.17 on Friday. Grupo Aeroportuario del Pacífico has a twelve month low of $107.25 and a twelve month high of $198.28. The company has a current ratio of 1.13, a quick ratio of 1.22 and a debt-to-equity ratio of 1.83. The stock has a market cap of $8.24 billion, a P/E ratio of 14.78, a P/E/G ratio of 1.81 and a beta of 1.52. The stock has a 50 day moving average of $153.22 and a 200 day moving average of $152.38.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last released its earnings results on Monday, February 26th. The transportation company reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.18. Grupo Aeroportuario del Pacífico had a return on equity of 50.27% and a net margin of 29.52%. The company had revenue of $520.93 million during the quarter. As a group, sell-side analysts expect that Grupo Aeroportuario del Pacífico will post 12.36 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PAC. Advisor Group Holdings Inc. boosted its stake in shares of Grupo Aeroportuario del Pacífico by 12.7% during the first quarter. Advisor Group Holdings Inc. now owns 1,268 shares of the transportation company’s stock valued at $204,000 after acquiring an additional 143 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Grupo Aeroportuario del Pacífico by 7.9% in the 1st quarter. American Century Companies Inc. now owns 6,769 shares of the transportation company’s stock worth $1,091,000 after acquiring an additional 493 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Grupo Aeroportuario del Pacífico during the first quarter worth about $231,000. Citigroup Inc. boosted its position in shares of Grupo Aeroportuario del Pacífico by 64.4% in the 1st quarter. Citigroup Inc. now owns 1,274 shares of the transportation company’s stock worth $205,000 after buying an additional 499 shares in the last quarter. Finally, Bank of Montreal Can increased its position in Grupo Aeroportuario del Pacífico by 2.3% in the first quarter. Bank of Montreal Can now owns 12,494 shares of the transportation company’s stock worth $1,969,000 after buying an additional 278 shares during the period. 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, manages, operates, and develops airports primarily in Mexico's Pacific region. The company was incorporated in 1998 and is headquartered in Guadalajara, Mexico.