Quaero Capital S.A. Takes Position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Quaero Capital S.A. bought a new stake in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,123 shares of the transportation company’s stock, valued at approximately $329,000.

A number of other large investors have also recently modified their holdings of OMAB. Envestnet Asset Management Inc. boosted its position in Grupo Aeroportuario del Centro Norte by 0.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 31,667 shares of the transportation company’s stock valued at $2,490,000 after acquiring an additional 150 shares in the last quarter. Cerity Partners LLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the first quarter valued at approximately $244,000. Empirical Finance LLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the first quarter valued at approximately $2,258,000. US Bancorp DE boosted its position in shares of Grupo Aeroportuario del Centro Norte by 25.6% during the first quarter. US Bancorp DE now owns 761 shares of the transportation company’s stock valued at $60,000 after purchasing an additional 155 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the first quarter valued at approximately $1,278,000. Institutional investors own 9.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on OMAB shares. Wall Street Zen raised shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Citigroup restated a “hold” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Wednesday, September 10th. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Tuesday, October 14th. Finally, Zacks Research downgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 16th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $92.17.

Grupo Aeroportuario del Centro Norte Trading Up 7.8%

Shares of OMAB stock opened at $107.01 on Thursday. The stock has a market capitalization of $4.55 billion, a P/E ratio of 18.94, a P/E/G ratio of 2.90 and a beta of 0.94. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 12-month low of $62.06 and a 12-month high of $116.25. The company has a current ratio of 1.14, a quick ratio of 0.86 and a debt-to-equity ratio of 1.17. The firm’s 50 day moving average is $103.91 and its 200 day moving average is $102.93.

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.