Mission Wealth Management LP Invests $231,000 in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Mission Wealth Management LP purchased a new position in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,368 shares of the transportation company's stock, valued at approximately $231,000.

Several other institutional investors also recently bought and sold shares of OMAB. Metis Global Partners LLC grew its stake in Grupo Aeroportuario del Centro Norte by 14.4% in the 4th quarter. Metis Global Partners LLC now owns 18,984 shares of the transportation company's stock valued at $1,303,000 after acquiring an additional 2,387 shares during the period. Sage Investment Counsel LLC purchased a new position in Grupo Aeroportuario del Centro Norte during the fourth quarter valued at $480,000. Fisher Funds Management LTD acquired a new stake in shares of Grupo Aeroportuario del Centro Norte in the fourth quarter valued at about $33,617,000. Venturi Wealth Management LLC increased its stake in shares of Grupo Aeroportuario del Centro Norte by 94.3% during the fourth quarter. Venturi Wealth Management LLC now owns 575 shares of the transportation company's stock worth $39,000 after purchasing an additional 279 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Grupo Aeroportuario del Centro Norte by 3.4% during the 4th quarter. Rhumbline Advisers now owns 9,534 shares of the transportation company's stock worth $654,000 after purchasing an additional 317 shares during the last quarter. 9.53% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario del Centro Norte Price Performance

NASDAQ OMAB traded down $3.51 during trading hours on Monday, hitting $71.70. 51,393 shares of the company's stock traded hands, compared to its average volume of 68,518. The company has a market capitalization of $3.05 billion, a PE ratio of 12.65 and a beta of 1.25. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 1.08. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a 52-week low of $59.08 and a 52-week high of $90.53. The firm's 50-day moving average is $76.43 and its 200-day moving average is $70.76.

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Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Bank of America cut Grupo Aeroportuario del Centro Norte from a "buy" rating to an "underperform" rating and set a $71.50 price objective on the stock. in a report on Friday, November 15th. Jefferies Financial Group lifted their price target on Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Grupo Aeroportuario del Centro Norte has a consensus rating of "Hold" and a consensus target price of $82.50.

Grupo Aeroportuario del Centro Norte Company Profile

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.