Sage Investment Counsel LLC acquired a new position in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,000 shares of the transportation company's stock, valued at approximately $480,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. US Bancorp DE raised its position in Grupo Aeroportuario del Centro Norte by 143.8% in the third quarter. US Bancorp DE now owns 507 shares of the transportation company's stock worth $34,000 after purchasing an additional 299 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Grupo Aeroportuario del Centro Norte by 94.3% during the 4th quarter. Venturi Wealth Management LLC now owns 575 shares of the transportation company's stock worth $39,000 after buying an additional 279 shares during the period. Fifth Third Bancorp bought a new position in shares of Grupo Aeroportuario del Centro Norte during the 4th quarter worth approximately $48,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Grupo Aeroportuario del Centro Norte by 41.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company's stock valued at $48,000 after buying an additional 200 shares in the last quarter. Finally, Barclays PLC bought a new stake in Grupo Aeroportuario del Centro Norte in the third quarter valued at $72,000. Institutional investors own 9.53% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have issued reports on OMAB shares. Bank of America cut Grupo Aeroportuario del Centro Norte from a "buy" rating to an "underperform" rating and set a $71.50 price objective for the company. in a report on Friday, November 15th. Jefferies Financial Group boosted their price target on shares of Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $82.50.
Get Our Latest Stock Report on OMAB
Grupo Aeroportuario del Centro Norte Price Performance
Shares of Grupo Aeroportuario del Centro Norte stock traded up $1.13 during trading on Wednesday, reaching $76.44. The company's stock had a trading volume of 46,129 shares, compared to its average volume of 69,410. The stock has a 50-day moving average price of $76.13 and a two-hundred day moving average price of $70.50. The stock has a market capitalization of $3.25 billion, a P/E ratio of 13.48 and a beta of 1.28. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a one year low of $59.08 and a one year high of $90.53.
Grupo Aeroportuario del Centro Norte Company Profile
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Free Report)
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.
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