Renaissance Technologies LLC Has $14.60 Million Position in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Renaissance Technologies LLC reduced its holdings in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 215,800 shares of the transportation company’s stock after selling 700 shares during the quarter. Renaissance Technologies LLC owned about 0.51% of Grupo Aeroportuario del Centro Norte worth $14,599,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. American Century Companies Inc. grew its position in shares of Grupo Aeroportuario del Centro Norte by 6.1% in the second quarter. American Century Companies Inc. now owns 72,083 shares of the transportation company’s stock valued at $4,876,000 after purchasing an additional 4,149 shares during the last quarter. Malaga Cove Capital LLC grew its position in shares of Grupo Aeroportuario del Centro Norte by 15.0% in the second quarter. Malaga Cove Capital LLC now owns 17,211 shares of the transportation company’s stock valued at $1,164,000 after purchasing an additional 2,247 shares during the last quarter. Caprock Group LLC acquired a new stake in shares of Grupo Aeroportuario del Centro Norte in the second quarter valued at about $357,000. Maryland State Retirement & Pension System grew its position in shares of Grupo Aeroportuario del Centro Norte by 1.1% in the second quarter. Maryland State Retirement & Pension System now owns 41,892 shares of the transportation company’s stock valued at $2,834,000 after purchasing an additional 447 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of Grupo Aeroportuario del Centro Norte by 565.3% in the second quarter. Blue Trust Inc. now owns 1,131 shares of the transportation company’s stock valued at $77,000 after purchasing an additional 961 shares during the last quarter. 9.53% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario del Centro Norte Stock Down 0.5 %

OMAB stock opened at $72.38 on Friday. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a twelve month low of $50.23 and a twelve month high of $98.92. The company has a market cap of $3.08 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 3.89 and a beta of 1.32. The business’s 50-day simple moving average is $66.76 and its 200 day simple moving average is $73.26. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.35.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last released its quarterly earnings data on Thursday, July 25th. The transportation company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.21. The company had revenue of $203.24 million for the quarter. Grupo Aeroportuario del Centro Norte had a return on equity of 53.36% and a net margin of 35.08%. On average, research analysts anticipate that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 6.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on OMAB shares. StockNews.com downgraded Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Morgan Stanley raised Grupo Aeroportuario del Centro Norte from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $82.00 to $77.00 in a research report on Friday, September 6th.

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.