Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB Stake Decreased by U S Global Investors Inc.

U S Global Investors Inc. reduced its holdings in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) by 26.8% during the third quarter, HoldingsChannel reports. The firm owned 41,326 shares of the transportation company’s stock after selling 15,155 shares during the period. U S Global Investors Inc.’s holdings in Grupo Aeroportuario del Centro Norte were worth $3,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of OMAB. Empowered Funds LLC boosted its position in shares of Grupo Aeroportuario del Centro Norte by 68.1% during the first quarter. Empowered Funds LLC now owns 168,401 shares of the transportation company’s stock valued at $19,321,000 after buying an additional 68,212 shares during the last quarter. Empirical Finance LLC increased its holdings in Grupo Aeroportuario del Centro Norte by 74.6% in the 1st quarter. Empirical Finance LLC now owns 168,343 shares of the transportation company’s stock worth $19,314,000 after buying an additional 71,924 shares in the last quarter. Militia Capital Management LLC purchased a new position in Grupo Aeroportuario del Centro Norte in the 1st quarter worth about $9,732,000. Sei Investments Co. raised its position in Grupo Aeroportuario del Centro Norte by 208.7% in the 1st quarter. Sei Investments Co. now owns 28,991 shares of the transportation company’s stock worth $3,326,000 after buying an additional 19,599 shares during the last quarter. Finally, Opal Capital LLC raised its position in Grupo Aeroportuario del Centro Norte by 14.1% in the 1st quarter. Opal Capital LLC now owns 15,136 shares of the transportation company’s stock worth $1,737,000 after buying an additional 1,870 shares during the last quarter. 9.53% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Centro Norte Price Performance

NASDAQ OMAB opened at $98.38 on Friday. The business’s fifty day moving average price is $97.97 and its 200-day moving average price is $104.35. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 1.27 and a beta of 0.61. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.66 and a quick ratio of 0.66. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 1-year low of $87.31 and a 1-year high of $134.99.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last released its quarterly earnings results on Wednesday, July 1st. The transportation company reported $1.74 earnings per share (EPS) for the quarter. Grupo Aeroportuario del Centro Norte had a return on equity of 49.50% and a net margin of 33.17%. The firm had revenue of $255.27 million for the quarter. On average, equities analysts predict that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 7.01 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on OMAB shares. Weiss Ratings upgraded shares of Grupo Aeroportuario del Centro Norte from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Zacks Research upgraded shares of Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Finally, JPMorgan Chase & Co. raised shares of Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $134.00.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V., operating under the OMA brand, is a Mexican airport infrastructure company. It develops, operates and maintains a portfolio of airports serving the central and northern regions of Mexico, including Monterrey International Airport and airports in destinations such as Acapulco, Chihuahua, Ciudad Juárez, Culiacán, Durango, Mazatlán, Reynosa, San Luis Potosí, Tampico, Torreón and Zacatecas.

OMA provides core airport services including passenger processing, aircraft landing and parking facilities, security-related infrastructure, baggage handling areas and cargo facilities.