abrdn plc Sells 21,087 Shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

abrdn plc lowered its stake in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 11.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 167,954 shares of the transportation company's stock after selling 21,087 shares during the period. abrdn plc owned 0.39% of Grupo Aeroportuario del Centro Norte worth $11,359,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Signaturefd LLC increased its stake in shares of Grupo Aeroportuario del Centro Norte by 109.2% during the 3rd quarter. Signaturefd LLC now owns 498 shares of the transportation company's stock worth $34,000 after purchasing an additional 260 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Grupo Aeroportuario del Centro Norte by 147.1% during the 3rd quarter. Blue Trust Inc. now owns 2,795 shares of the transportation company's stock worth $189,000 after purchasing an additional 1,664 shares during the last quarter. Hunter Perkins Capital Management LLC increased its stake in shares of Grupo Aeroportuario del Centro Norte by 16.8% during the 3rd quarter. Hunter Perkins Capital Management LLC now owns 17,500 shares of the transportation company's stock worth $1,187,000 after purchasing an additional 2,515 shares during the last quarter. Creative Planning increased its stake in shares of Grupo Aeroportuario del Centro Norte by 21.0% during the 3rd quarter. Creative Planning now owns 5,377 shares of the transportation company's stock worth $365,000 after purchasing an additional 933 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Grupo Aeroportuario del Centro Norte by 355.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 53,700 shares of the transportation company's stock worth $3,633,000 after purchasing an additional 41,900 shares during the last quarter. Hedge funds and other institutional investors own 9.53% of the company's stock.

Grupo Aeroportuario del Centro Norte Price Performance

NASDAQ:OMAB traded down $2.68 during trading hours on Friday, hitting $64.37. The stock had a trading volume of 38,840 shares, compared to its average volume of 60,483. The company has a 50 day simple moving average of $67.54 and a two-hundred day simple moving average of $71.76. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 0.86. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a one year low of $58.85 and a one year high of $90.53. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 11.35, a P/E/G ratio of 4.06 and a beta of 1.31.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OMAB. Morgan Stanley upgraded shares of Grupo Aeroportuario del Centro Norte from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $82.00 to $77.00 in a research note on Friday, September 6th. StockNews.com lowered shares of Grupo Aeroportuario del Centro Norte from a "buy" rating to a "hold" rating in a research note on Thursday, July 11th. Finally, Scotiabank upgraded shares of Grupo Aeroportuario del Centro Norte from a "sector underperform" rating to a "sector perform" rating in a research note on Wednesday, September 25th.

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.