Grupo Aeroportr dl Pcfco SAB de CV (PAC) Downgraded to Hold at Zacks Investment Research
Zacks Investment Research lowered shares of Grupo Aeroportr dl Pcfco SAB de CV (NYSE:PAC) from a buy rating to a hold rating in a research note published on Friday morning.
According to Zacks, “Grupo Aeroportuario del Pacifico was constituted as part of the process of opening to the private investment the Mexican airport system. Currently the aeronautic infrastructure has become the base of every service of air transportation; constituting this a pole of development around which a series of activities of great economic importance is articulated: business, aeronautic services, commerce, business, etc. It administers, operates, maintains and develops twelve airports in the regions of the Pacific and Center of Mexico, in the cities of Guadalajara, Hermosillo, Puerto Vallarta, Aguascalientes, La Paz, Tijuana, Leon, among other. “
Separately, Morgan Stanley raised shares of Grupo Aeroportr dl Pcfco SAB de CV from an underweight rating to an equal weight rating in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of $110.00.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in Grupo Aeroportr dl Pcfco SAB de CV during the third quarter worth $109,000. Castleark Management LLC purchased a new stake in Grupo Aeroportr dl Pcfco SAB de CV during the fourth quarter worth $216,000. Citadel Advisors LLC acquired a new position in Grupo Aeroportr dl Pcfco SAB de CV during the fourth quarter worth $232,000. Ellington Management Group LLC acquired a new position in Grupo Aeroportr dl Pcfco SAB de CV during the fourth quarter worth $236,000. Finally, Quadrature Capital Ltd acquired a new position in Grupo Aeroportr dl Pcfco SAB de CV during the fourth quarter worth $269,000. 7.11% of the stock is currently owned by hedge funds and other institutional investors.
Grupo Aeroportr dl Pcfco SAB de CV Company Profile
Grupo Aeroportuario del Pacifico, SAB. de C.V. is a holding company. The Company holds concessions to operate, maintain and develop approximately 10 international airports in the Pacific and Central regions of Mexico, and an international airport in Jamaica. The Company’s segments include Guadalajara, Tijuana, Puerto Vallarta, San Jose del Cabo, Montego Bay, Hermosillo, Bajio, Other Airports and Others Companies.
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