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

National Bank of Canada FI trimmed its stake in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) by 4.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 116,035 shares of the transportation company’s stock after selling 5,497 shares during the quarter. National Bank of Canada FI owned approximately 0.27% of Grupo Aeroportuario del Centro Norte worth $7,974,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of OMAB. Fisher Funds Management LTD acquired a new position in shares of Grupo Aeroportuario del Centro Norte in the 4th quarter valued at $33,617,000. State Street Corp boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 6.6% in the third quarter. State Street Corp now owns 316,425 shares of the transportation company’s stock worth $21,460,000 after buying an additional 19,683 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 30.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 173,672 shares of the transportation company’s stock worth $11,921,000 after buying an additional 40,878 shares during the period. abrdn plc increased its position in shares of Grupo Aeroportuario del Centro Norte by 1.4% in 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. raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 6.0% during the fourth quarter. American Century Companies Inc. now owns 90,203 shares of the transportation company’s stock valued at $6,192,000 after acquiring an additional 5,127 shares during the period. 9.53% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario del Centro Norte Price Performance

Shares of OMAB opened at $76.79 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 13.54 and a beta of 0.88. The business’s 50-day moving average is $78.47 and its 200-day moving average is $72.65. 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.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lifted their price objective on shares of Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from 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.