Institute for Wealth Management LLC. Takes $372,000 Position in Grupo Aeroportr dl Pcfco SAB de CV (NYSE:PAC)

Institute for Wealth Management LLC. bought a new stake in Grupo Aeroportr dl Pcfco SAB de CV (NYSE:PAC) during the second quarter, HoldingsChannel reports. The firm bought 3,569 shares of the transportation company’s stock, valued at approximately $372,000.

Several other institutional investors also recently modified their holdings of the company. Lazard Asset Management LLC raised its stake in shares of Grupo Aeroportr dl Pcfco SAB de CV by 3.5% in the 1st quarter. Lazard Asset Management LLC now owns 119,112 shares of the transportation company’s stock valued at $10,597,000 after purchasing an additional 4,018 shares in the last quarter. Eagle Ridge Investment Management raised its stake in shares of Grupo Aeroportr dl Pcfco SAB de CV by 1.0% in the 1st quarter. Eagle Ridge Investment Management now owns 71,495 shares of the transportation company’s stock valued at $6,361,000 after purchasing an additional 726 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Grupo Aeroportr dl Pcfco SAB de CV by 12.9% in the 4th quarter. Deutsche Bank AG now owns 70,846 shares of the transportation company’s stock valued at $5,777,000 after purchasing an additional 8,111 shares in the last quarter. Freestone Capital Holdings LLC grew its position in shares of Grupo Aeroportr dl Pcfco SAB de CV by 40.6% during the 1st quarter. Freestone Capital Holdings LLC now owns 68,222 shares of the transportation company’s stock valued at $6,070,000 after buying an additional 19,716 shares during the last quarter. Finally, Aperio Group LLC grew its position in shares of Grupo Aeroportr dl Pcfco SAB de CV by 12.6% during the 2nd quarter. Aperio Group LLC now owns 51,688 shares of the transportation company’s stock valued at $5,392,000 after buying an additional 5,798 shares during the last quarter. Institutional investors and hedge funds own 9.14% of the company’s stock.

Shares of NYSE:PAC traded up $0.49 during trading on Tuesday, reaching $91.56. 10,972 shares of the company’s stock traded hands, compared to its average volume of 60,040. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.42 and a quick ratio of 1.42. Grupo Aeroportr dl Pcfco SAB de CV has a 12 month low of $64.45 and a 12 month high of $111.27. The company has a 50 day moving average of $100.51 and a 200-day moving average of $97.85. The stock has a market capitalization of $5.19 billion, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 3.69 and a beta of 0.47.

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Grupo Aeroportr dl Pcfco SAB de CV from a “neutral” rating to an “underweight” rating in a research report on Tuesday, August 6th. UBS Group downgraded shares of Grupo Aeroportr dl Pcfco SAB de CV from a “neutral” rating to a “sell” rating and set a $108.36 price objective for the company. in a research report on Thursday, June 27th. Zacks Investment Research downgraded shares of Grupo Aeroportr dl Pcfco SAB de CV from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Finally, Itau BBA Securities raised shares of Grupo Aeroportr dl Pcfco SAB de CV from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 23rd. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Grupo Aeroportr dl Pcfco SAB de CV currently has an average rating of “Hold” and a consensus price target of $142.45.

Grupo Aeroportr dl Pcfco SAB de CV Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. operates airports primarily in Mexico's Pacific region. It has 12 airports in Guadalajara, Puerto Vallarta, Tijuana, San Jose del Cabo, Guanajuato (Bajío), Hermosillo, Mexicali, Los Mochis, La Paz, Manzanillo, Morelia, and Aguascalientes, as well as 1 international airport in Jamaica.

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Institutional Ownership by Quarter for Grupo Aeroportr dl Pcfco SAB de CV (NYSE:PAC)

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