National Bank of Canada FI Lowers Position in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

National Bank of Canada FI cut its holdings in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 116,035 shares of the transportation company's stock after selling 5,497 shares during the period. National Bank of Canada FI owned approximately 0.27% of Grupo Aeroportuario del Centro Norte worth $7,974,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fisher Funds Management LTD bought a new stake in Grupo Aeroportuario del Centro Norte in the fourth quarter worth approximately $33,617,000. State Street Corp increased its stake in shares of Grupo Aeroportuario del Centro Norte by 6.6% in the 3rd quarter. State Street Corp now owns 316,425 shares of the transportation company's stock valued at $21,460,000 after acquiring an additional 19,683 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Grupo Aeroportuario del Centro Norte by 30.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 173,672 shares of the transportation company's stock valued at $11,921,000 after acquiring an additional 40,878 shares during the period. abrdn plc boosted its stake in Grupo Aeroportuario del Centro Norte by 1.4% during the fourth quarter. abrdn plc now owns 170,233 shares of the transportation company's stock worth $11,723,000 after acquiring an additional 2,279 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Grupo Aeroportuario del Centro Norte by 6.0% in the fourth quarter. American Century Companies Inc. now owns 90,203 shares of the transportation company's stock worth $6,192,000 after purchasing an additional 5,127 shares during the period. 9.53% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Separately, Jefferies Financial Group upped their price objective on shares of Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $82.50.

Grupo Aeroportuario del Centro Norte Stock Down 0.1 %

OMAB traded down $0.11 during trading on Thursday, hitting $76.70. 33,083 shares of the company's stock were exchanged, compared to its average volume of 67,459. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a fifty-two week low of $59.08 and a fifty-two week high of $90.53. The stock has a market cap of $3.26 billion, a P/E ratio of 13.54 and a beta of 0.88. The business's 50 day moving average is $78.10 and its two-hundred day moving average is $72.72. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.16.

About Grupo Aeroportuario del Centro Norte

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.