Should You Invest in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC)?

ClearBridge Investments, an investment management company, published its “ClearBridge Global Infrastructure Income Strategy” third quarter 2022 investor letter. A copy of the same can be downloaded here. In the third quarter, the strategy, on a relative basis, underperformed the S&P Global Infrastructure Index. Overall stock selection and sector allocation attributed to the underperformance of the strategy in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2022.

ClearBridge Investments highlighted stocks like Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) in its Q3 2022 investor letter. Headquartered in Guadalajara, Mexico, Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) manages and operates airports. On November 22, 2022, Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) stock closed at $159.96 per share. One-month return of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) was 10.09%, and its shares gained 26.39% 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 $8.082 billion.

ClearBridge Investments made the following comment about Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) in its Q3 2022 investor letter:

“Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) is Mexico’s largest airport operator with a portfolio of 13 airports focused in Mexico’s Pacific region with an additional airport in Jamaica. Once again, the company delivered encouraging traffic growth and solid quarterly results leading to strong relative performance during the quarter.”

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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, 4 hedge fund portfolios held Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) at the end of the third quarter, which was 5 in the previous quarter. In addition, please check out our hedge fund investor letters Q3 2022 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.