Taiwan Semiconductor (TSM) Shareholder Oaktree Capital Management LP Has Boosted Position; As Gpo Aeroportuario Del Pac Sa (PAC) Market Value Rose, Forward Management Boosted Its Position

February 18, 2018 - By Steve Bissell

Forward Management Llc increased its stake in Gpo Aeroportuario Del Pac Sa (PAC) by 137.93% based on its latest 2017Q3 regulatory filing with the SEC. Forward Management Llc bought 4,000 shares as the company’s stock rose 24.75% with the market. The institutional investor held 6,900 shares of the transportation company at the end of 2017Q3, valued at $707,000, up from 2,900 at the end of the previous reported quarter. Forward Management Llc who had been investing in Gpo Aeroportuario Del Pac Sa for a number of months, seems to be bullish on the $5.36B market cap company. The stock decreased 1.93% or $1.96 during the last trading session, reaching $99.49. About 42,143 shares traded. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) has risen 8.14% since February 18, 2017 and is uptrending. It has underperformed by 8.56% the S&P500.

Howard Marks increased its stake in Taiwan Semiconductor (TSM) by 5.54% based on its latest 2017Q3 regulatory filing with the SEC. Oaktree Capital Management Lp bought 212,375 shares as the company’s stock rose 8.84% with the market. The hedge fund run by Howard Marks held 4.05 million shares of the semiconductors company at the end of 2017Q3, valued at $151.98 million, up from 3.84 million at the end of the previous reported quarter. Oaktree Capital Management Lp who had been investing in Taiwan Semiconductor for a number of months, seems to be bullish on the $204.64B market cap company. The stock decreased 0.09% or $0.04 during the last trading session, reaching $43.48. About 4.79M shares traded. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has risen 51.40% since February 18, 2017 and is uptrending. It has outperformed by 34.70% the S&P500.

Among 5 analysts covering Grupo Aeroportuario del Pacifico (NYSE:PAC), 2 have Buy rating, 2 Sell and 1 Hold. Therefore 40% are positive. Grupo Aeroportuario del Pacifico had 8 analyst reports since August 11, 2015 according to SRatingsIntel. Zacks downgraded Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) on Tuesday, August 11 to “Buy” rating. The rating was downgraded by Morgan Stanley to “Underweight” on Tuesday, May 30. The stock of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) has “Overweight” rating given on Friday, October 30 by JP Morgan. Bank of America downgraded the stock to “Underperform” rating in Thursday, June 2 report. The company was upgraded on Thursday, January 26 by Barclays Capital. The rating was downgraded by Howard Weil on Monday, November 2 to “Sector Perform”.

Forward Management Llc, which manages about $5.17B and $893.11M US Long portfolio, decreased its stake in Vanguard World Fds (VGT) by 4,163 shares to 25,742 shares, valued at $3.91 million in 2017Q3, according to the filing. It also reduced its holding in Colony Northstar Inc by 52,300 shares in the quarter, leaving it with 3.02 million shares, and cut its stake in Schlumberger Ltd (NYSE:SLB).

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By1 Steve Bissell

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