Metis Global Partners LLC Raises Holdings in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Metis Global Partners LLC grew its position in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) by 14.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 18,984 shares of the transportation company’s stock after purchasing an additional 2,387 shares during the quarter. Metis Global Partners LLC’s holdings in Grupo Aeroportuario del Centro Norte were worth $1,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in OMAB. ABS Direct Equity Fund LLC raised its stake in shares of Grupo Aeroportuario del Centro Norte by 165.0% during the 4th quarter. ABS Direct Equity Fund LLC now owns 36,700 shares of the transportation company’s stock valued at $2,519,000 after purchasing an additional 22,850 shares during the period. Walleye Capital LLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the 3rd quarter valued at $822,000. State Street Corp raised its stake in shares of Grupo Aeroportuario del Centro Norte by 6.6% during the 3rd quarter. State Street Corp now owns 316,425 shares of the transportation company’s stock valued at $21,460,000 after purchasing an additional 19,683 shares during the period. Barclays PLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the 3rd quarter valued at $72,000. Finally, Centiva Capital LP raised its stake in shares of Grupo Aeroportuario del Centro Norte by 30.1% during the 3rd quarter. Centiva Capital LP now owns 5,839 shares of the transportation company’s stock valued at $396,000 after purchasing an additional 1,351 shares during the period. Hedge funds and other institutional investors own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Price Performance

Shares of Grupo Aeroportuario del Centro Norte stock opened at $75.07 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $3.19 billion, a PE ratio of 13.24 and a beta of 1.28. The business’s 50-day moving average price is $76.06 and its 200-day moving average price is $70.44. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a 12 month low of $59.08 and a 12 month high of $90.53.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on OMAB. Jefferies Financial Group boosted their price objective on Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Bank of America lowered Grupo Aeroportuario del Centro Norte from a “buy” rating to an “underperform” rating and set a $71.50 target price on the stock. in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.