Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC) Benefited From Air Travel Recovery
Investment management company Ave Maria recently released its “Ave Maria World Equity Fund” first quarter 2023 investor letter. A copy of the same can be downloaded here. In the first quarter, the fund returned 6.87% compared to the MSCI All Country World Index’s 7.30% return. You can check the top 5 holdings of the fund to know its best picks in 2023.
Ave Maria World Equity Fund highlighted stocks like Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) in its Q1 2023 investor letter. Headquartered in Guadalajara, Mexico, Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) manages and operates airports. On June 7, 2023, Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) stock closed at $180.69 per share. One-month return of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) was -1.02%, and its shares gained 25.01% of their value over the last 52 weeks. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) has a market capitalization of $9.13 billion.
Ave Maria World Equity Fund made the following comment about Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) in its Q1 2023 investor letter:
"Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) operates 12 airports in Mexico and two airports in Jamaica. The company is benefiting from a recovery in air travel following the Covid-19 related shutdowns. Longer-term, the company is a key beneficiary of an expanding middle class and ongoing capacity expansions designed to increase throughput and commercial revenue."
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 6 hedge fund portfolios held Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) at the end of first quarter 2023 which was 4 in the previous quarter.
We discussed Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) in another article and shared the list of best airport stocks to buy. In addition, please check out our hedge fund investor letters Q1 2023 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
