Principal Financial Group Inc. Has $4.46 Million Position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Principal Financial Group Inc. cut its position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) by 11.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 42,914 shares of the transportation company’s stock after selling 5,618 shares during the quarter. Principal Financial Group Inc.’s holdings in Grupo Aeroportuario del Centro Norte were worth $4,457,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Grupo Aeroportuario del Centro Norte by 0.5% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,072 shares of the transportation company’s stock valued at $2,329,000 after buying an additional 115 shares in the last quarter. Blue Trust Inc. lifted its holdings in Grupo Aeroportuario del Centro Norte by 34.5% during the third quarter. Blue Trust Inc. now owns 491 shares of the transportation company’s stock worth $51,000 after acquiring an additional 126 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings 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 in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Grupo Aeroportuario del Centro Norte by 288.3% during the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock worth $39,000 after purchasing an additional 271 shares during the period. Finally, ProShare Advisors LLC raised its position in shares of Grupo Aeroportuario del Centro Norte by 8.0% during the second quarter. ProShare Advisors LLC now owns 3,736 shares of the transportation company’s stock worth $394,000 after purchasing an additional 278 shares during the period. 9.53% of the stock is owned by institutional investors.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of OMAB stock opened at $128.15 on Monday. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 12 month low of $70.24 and a 12 month high of $130.09. The company’s fifty day simple moving average is $113.16 and its 200-day simple moving average is $107.63. The firm has a market cap of $5.45 billion, a PE ratio of 22.68, a P/E/G ratio of 1.98 and a beta of 0.74. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.17.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on OMAB shares. Wall Street Zen upgraded Grupo Aeroportuario del Centro Norte from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Zacks Research upgraded shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $106.00.

About Grupo Aeroportuario del Centro Norte

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.