Principal Financial Group Inc. Sells 5,618 Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Principal Financial Group Inc. lessened its holdings in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) by 11.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 42,914 shares of the transportation company’s stock after selling 5,618 shares during the period. Principal Financial Group Inc. owned 0.10% of Grupo Aeroportuario del Centro Norte worth $4,457,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OMAB. Jane Street Group LLC acquired a new position in Grupo Aeroportuario del Centro Norte during the 1st quarter worth about $591,000. Vanguard Personalized Indexing Management LLC raised its stake in shares of Grupo Aeroportuario del Centro Norte by 3.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,595 shares of the transportation company’s stock worth $485,000 after acquiring an additional 153 shares during the last quarter. TrueMark Investments LLC acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the second quarter worth approximately $1,059,000. Avidian Wealth Enterprises LLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the second quarter valued at approximately $213,000. Finally, Ethic Inc. bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the second quarter valued at approximately $223,000. 9.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OMAB has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, January 9th. Wall Street Zen upgraded Grupo Aeroportuario del Centro Norte from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Finally, Zacks Research raised Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $106.00.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of Grupo Aeroportuario del Centro Norte stock opened at $128.15 on Monday. The firm has a fifty day moving average of $113.16 and a two-hundred day moving average of $107.63. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 1.98 and a beta of 0.74. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 52 week low of $70.24 and a 52 week high of $130.09.

Grupo Aeroportuario del Centro Norte Company Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V. (OMAB) is a Mexican airport operator that develops, manages and operates airports under long‐term concessions granted by the Federal Government of Mexico. The company’s core business covers all aspects of airport operations, including passenger processing, airfield services, security, ground handling, cargo handling and commercial activities such as retail, food and beverage, and parking.

OMA currently holds concession contracts for 13 airports in central and northern Mexico, serving key markets such as Monterrey, Ciudad Juárez, Culiacán, Hermosillo and Torreón.