Naples Global Advisors LLC Increases Stock Position in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Naples Global Advisors LLC lifted its holdings in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,720 shares of the transportation company’s stock after buying an additional 400 shares during the quarter. Naples Global Advisors LLC’s holdings in Grupo Aeroportuario del Centro Norte were worth $1,216,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. National Bank of Canada FI boosted its stake in Grupo Aeroportuario del Centro Norte by 130,579.6% during the third quarter. National Bank of Canada FI now owns 121,532 shares of the transportation company’s stock worth $8,242,000 after acquiring an additional 121,439 shares in the last quarter. ABS Direct Equity Fund LLC boosted its position in shares of Grupo Aeroportuario del Centro Norte by 165.0% in the 4th quarter. ABS Direct Equity Fund LLC now owns 36,700 shares of the transportation company’s stock worth $2,519,000 after purchasing an additional 22,850 shares in the last quarter. State Street Corp grew its stake in shares of Grupo Aeroportuario del Centro Norte by 6.6% in the 3rd quarter. State Street Corp now owns 316,425 shares of the transportation company’s stock worth $21,460,000 after buying an additional 19,683 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of Grupo Aeroportuario del Centro Norte in the 3rd quarter worth approximately $822,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Grupo Aeroportuario del Centro Norte by 38.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 25,421 shares of the transportation company’s stock valued at $1,724,000 after buying an additional 7,072 shares in the last quarter. 9.53% of the stock is currently owned by institutional investors.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of OMAB opened at $79.97 on Friday. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 14.10 and a beta of 1.28. The business’s fifty day simple moving average is $74.55 and its two-hundred day simple moving average is $69.23. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a 12 month low of $59.08 and a 12 month high of $90.53. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Jefferies Financial Group boosted their target price on Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday. Bank of America cut shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to an “underperform” rating and set a $71.50 price target on the stock. in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $82.50.

Grupo Aeroportuario del Centro Norte Company Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities.