Quantitative Systematic Strategies LLC Buys Shares of 1,855 Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC)

Quantitative Systematic Strategies LLC acquired a new position in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,855 shares of the transportation company’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Legato Capital Management LLC increased its stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. by 10,351.5% in the first quarter. Legato Capital Management LLC now owns 2,874,160 shares of the transportation company’s stock valued at $29,600,000 after buying an additional 2,846,660 shares during the period. Forsta AP Fonden increased its stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. by 777.8% in the second quarter. Forsta AP Fonden now owns 47,400 shares of the transportation company’s stock valued at $5,323,000 after buying an additional 42,000 shares during the period. Bank of America Corp DE increased its stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. by 368.3% in the first quarter. Bank of America Corp DE now owns 40,605 shares of the transportation company’s stock valued at $3,942,000 after buying an additional 31,935 shares during the period. Karp Capital Management Corp acquired a new stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. during the first quarter valued at about $2,060,000. Finally, Parametric Portfolio Associates LLC increased its stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. by 94.3% in the first quarter. Parametric Portfolio Associates LLC now owns 40,598 shares of the transportation company’s stock valued at $3,942,000 after buying an additional 19,702 shares during the period. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE PAC) opened at 110.39 on Friday. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 1-year low of $72.52 and a 1-year high of $119.87. The firm has a 50-day moving average price of $113.79 and a 200-day moving average price of $101.59. The company has a market cap of $5.80 billion, a P/E ratio of 23.49 and a beta of 0.29.

The company also recently announced a None dividend, which will be paid on Friday, August 25th. Stockholders of record on Monday, August 14th will be given a $1.599 dividend. This represents a dividend yield of 2.79%. The ex-dividend date is Thursday, August 10th. This is an increase from Grupo Aeroportuario Del Pacifico, S.A. de C.V.’s previous None dividend of $0.91. Grupo Aeroportuario Del Pacifico, S.A. de C.V.’s dividend payout ratio (DPR) is 86.23%.

Grupo Aeroportuario Del Pacifico, S.A. de C.V. declared that its board has authorized a stock repurchase plan on Wednesday, April 26th that permits the company to repurchase 995,000,000 outstanding shares. This repurchase authorization permits the transportation company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

WARNING: “Quantitative Systematic Strategies LLC Buys Shares of 1,855 Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC)” was originally posted by Community Financial News and is owned by of Community Financial News. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://www.com-unik.info/2017/08/19/quantitative-systematic-strategies-llc-acquires-new-stake-in-grupo-aeroportuario-del-pacifico-s-a-de-c-v-nysepac-updated-updated.html.

Several brokerages recently issued reports on PAC. Zacks Investment Research raised Grupo Aeroportuario Del Pacifico, S.A. de C.V. from a “sell” rating to a “buy” rating and set a $128.00 target price on the stock in a research note on Tuesday, August 1st. BidaskClub downgraded Grupo Aeroportuario Del Pacifico, S.A. de C.V. from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Morgan Stanley downgraded Grupo Aeroportuario Del Pacifico, S.A. de C.V. from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 30th. Finally, UBS AG downgraded Grupo Aeroportuario Del Pacifico, S.A. de C.V. from a “neutral” rating to a “sell” rating in a research note on Wednesday, May 17th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has an average rating of “Hold” and a consensus price target of $106.50.

About Grupo Aeroportuario Del Pacifico, S.A. de C.V.

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.

Institutional Ownership by Quarter for Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC)

What are top analysts saying about Grupo Aeroportuario Del Pacifico S.A. de C.V.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Grupo Aeroportuario Del Pacifico S.A. de C.V. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit