Creative Planning Acquires 423 Shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Creative Planning raised its holdings in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) by 10.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,444 shares of the transportation company’s stock after acquiring an additional 423 shares during the quarter. Creative Planning’s holdings in Grupo Aeroportuario del Centro Norte were worth $301,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in OMAB. B. Riley Wealth Advisors Inc. grew its stake in shares of Grupo Aeroportuario del Centro Norte by 13.9% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 5,164 shares of the transportation company’s stock worth $437,000 after acquiring an additional 630 shares in the last quarter. Mather Group LLC. acquired a new position in Grupo Aeroportuario del Centro Norte during the first quarter worth $34,000. Sanders Morris Harris LLC acquired a new position in Grupo Aeroportuario del Centro Norte during the first quarter worth $269,000. Maryland State Retirement & Pension System increased its holdings in Grupo Aeroportuario del Centro Norte by 0.7% during the first quarter. Maryland State Retirement & Pension System now owns 41,445 shares of the transportation company’s stock worth $3,133,000 after buying an additional 299 shares during the last quarter. Finally, Naples Global Advisors LLC increased its holdings in Grupo Aeroportuario del Centro Norte by 5.2% during the first quarter. Naples Global Advisors LLC now owns 14,285 shares of the transportation company’s stock worth $1,130,000 after buying an additional 700 shares during the last quarter. 9.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on OMAB shares. StockNews.com downgraded shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Morgan Stanley upgraded shares of Grupo Aeroportuario del Centro Norte from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $82.00 to $77.00 in a report on Friday, September 6th. Finally, Scotiabank upgraded shares of Grupo Aeroportuario del Centro Norte from a “sector underperform” rating to a “sector perform” rating in a report on Wednesday, September 25th.

Grupo Aeroportuario del Centro Norte Trading Up 0.3 %

OMAB stock opened at $69.04 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.86 and a quick ratio of 0.86. The company has a fifty day moving average price of $66.93 and a two-hundred day moving average price of $72.88. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a one year low of $55.00 and a one year high of $90.53. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 3.63 and a beta of 1.32.

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

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.