10,731 Shares in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB Bought by Novem Group

Novem Group bought a new position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 10,731 shares of the transportation company’s stock, valued at approximately $1,167,000.

Several other institutional investors have also recently bought and sold shares of OMAB. Jane Street Group LLC bought a new position in Grupo Aeroportuario del Centro Norte in the 1st quarter worth $591,000. Quantbot Technologies LP bought a new position in Grupo Aeroportuario del Centro Norte in the 2nd quarter worth $56,000. EverSource Wealth Advisors LLC raised its holdings in Grupo Aeroportuario del Centro Norte by 288.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock worth $39,000 after acquiring an additional 271 shares during the period. First Trust Advisors LP bought a new position in Grupo Aeroportuario del Centro Norte in the 2nd quarter worth $208,000. Finally, Amundi grew its stake in shares of Grupo Aeroportuario del Centro Norte by 34.6% in the second quarter. Amundi now owns 1,870 shares of the transportation company’s stock worth $203,000 after acquiring an additional 481 shares during the last quarter. Institutional investors own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Stock Up 0.4%

OMAB opened at $116.97 on Tuesday. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a fifty-two week low of $82.81 and a fifty-two week high of $134.99. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.32 and a quick ratio of 1.14. The firm’s fifty day moving average price is $117.36 and its two-hundred day moving average price is $111.08. The company has a market capitalization of $4.98 billion, a P/E ratio of 19.93, a P/E/G ratio of 1.44 and a beta of 0.75.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings results on Saturday, February 14th. The transportation company reported $1.40 earnings per share for the quarter. Grupo Aeroportuario del Centro Norte had a net margin of 33.46% and a return on equity of 52.24%. The firm had revenue of $228.23 million for the quarter. On average, analysts anticipate that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 7.1 EPS for the current year.

Analyst Upgrades and Downgrades

OMAB has been the topic of a number of research reports. Wall Street Zen lowered shares of Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 14th. HSBC raised shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and boosted their target price for the stock from $112.00 to $134.00 in a research report on Thursday, April 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Friday, January 9th. Finally, Zacks Research lowered shares of Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $120.00.

Grupo Aeroportuario del Centro Norte 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.