Grupo Aeroportuario Del Pacifico (NYSE:PAC) Announces Quarterly Earnings Results

Grupo Aeroportuario Del Pacifico (NYSE:PAC) posted its quarterly earnings data on Monday. The transportation company reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $3.08 by ($1.44), FiscalAI reports. Grupo Aeroportuario Del Pacifico had a net margin of 25.27% and a return on equity of 42.07%. The firm had revenue of $549.01 million for the quarter, compared to the consensus estimate of $613.30 million.

Grupo Aeroportuario Del Pacifico Stock Down 7.0%

Shares of NYSE PAC opened at $279.33 on Tuesday. Grupo Aeroportuario Del Pacifico has a twelve month low of $168.62 and a twelve month high of $300.41. The business has a fifty day simple moving average of $274.18 and a two-hundred day simple moving average of $248.60. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 2.21.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

Several institutional investors have recently made changes to their positions in the company. Compound Planning Inc. lifted its stake in Grupo Aeroportuario Del Pacifico by 3.3% in the fourth quarter. Compound Planning Inc. now owns 1,524 shares of the transportation company’s stock worth $402,000 after acquiring an additional 49 shares during the period. Van ECK Associates Corp increased its position in Grupo Aeroportuario Del Pacifico by 20.6% during the 3rd quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock valued at $79,000 after purchasing an additional 57 shares during the period. US Bancorp DE raised its holdings in shares of Grupo Aeroportuario Del Pacifico by 19.2% in the 3rd quarter. US Bancorp DE now owns 658 shares of the transportation company’s stock valued at $156,000 after purchasing an additional 106 shares in the last quarter. Vident Advisory LLC lifted its position in shares of Grupo Aeroportuario Del Pacifico by 9.2% in the 3rd quarter. Vident Advisory LLC now owns 1,280 shares of the transportation company’s stock worth $304,000 after purchasing an additional 108 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of Grupo Aeroportuario Del Pacifico by 7.7% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 1,521 shares of the transportation company’s stock worth $401,000 after purchasing an additional 109 shares during the period. Hedge funds and other institutional investors own 11.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on PAC shares. Bank of America raised shares of Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a research note on Thursday, December 11th. Scotiabank restated a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, December 4th. Zacks Research raised Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Citigroup reiterated a “neutral” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, January 15th. Finally, JPMorgan Chase & Co. raised Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a research note on Friday, November 14th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Grupo Aeroportuario Del Pacifico currently has an average rating of “Hold”.

About Grupo Aeroportuario Del Pacifico

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE:PAC), commonly known as GAP, is a leading airport operator in Mexico. Established in 1998 as part of the federal government’s airport privatization program, GAP holds long‐term concession agreements—typically 50 years—to manage, develop and operate airports under a public–private partnership model. Through these concessions, the company undertakes terminal expansions, runway maintenance and the modernization of navigation and security systems.

The company’s portfolio comprises 12 airports across Mexico’s Pacific and western regions, including major hubs such as Guadalajara, Tijuana, Los Cabos, Puerto Vallarta and Mazatlán, as well as regional facilities in Aguascalientes, Morelia and La Paz.