Short Interest in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Expands By 36.0%

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 408,349 shares, a growth of 36.0% from the February 12th total of 300,347 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily volume of 151,983 shares, the days-to-cover ratio is presently 2.7 days. Based on an average daily volume of 151,983 shares, the days-to-cover ratio is presently 2.7 days. Currently, 0.8% of the shares of the stock are short sold.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

A number of large investors have recently bought and sold shares of PAC. Allworth Financial LP increased its position in Grupo Aeroportuario Del Pacifico by 48.1% during the second quarter. Allworth Financial LP now owns 154 shares of the transportation company’s stock worth $35,000 after buying an additional 50 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Grupo Aeroportuario Del Pacifico by 65.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 164 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 65 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Grupo Aeroportuario Del Pacifico in the third quarter valued at $43,000. Kestra Advisory Services LLC acquired a new stake in shares of Grupo Aeroportuario Del Pacifico during the fourth quarter valued at $54,000. Finally, Van ECK Associates Corp boosted its stake in shares of Grupo Aeroportuario Del Pacifico by 20.6% during the third quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock valued at $79,000 after acquiring an additional 57 shares during the last quarter. Institutional investors and hedge funds own 11.73% of the company’s stock.

Analysts Set New Price Targets

PAC has been the subject of several recent analyst reports. Scotiabank reiterated a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Thursday, December 4th. Bank of America upgraded shares of Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a research report on Thursday, December 11th. Zacks Research upgraded shares of Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Citigroup reiterated a “neutral” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, January 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Grupo Aeroportuario Del Pacifico Price Performance

PAC traded down $1.95 during midday trading on Friday, reaching $224.91. 80,001 shares of the company’s stock were exchanged, compared to its average volume of 123,251. Grupo Aeroportuario Del Pacifico has a 1-year low of $168.62 and a 1-year high of $300.41. The stock has a market capitalization of $11.36 billion, a PE ratio of 21.94, a P/E/G ratio of 1.32 and a beta of 1.01. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.91 and a quick ratio of 2.01. The business’s 50-day moving average price is $268.83 and its 200 day moving average price is $248.53.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last released its quarterly earnings results on Tuesday, February 24th. The transportation company reported $1.97 EPS for the quarter, missing the consensus estimate of $3.08 by ($1.11). Grupo Aeroportuario Del Pacifico had a net margin of 24.06% and a return on equity of 41.85%. The business had revenue of $549.01 million during the quarter, compared to analyst estimates of $613.30 million. As a group, equities analysts anticipate that Grupo Aeroportuario Del Pacifico will post 10 EPS for the current fiscal year.

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.