Blue Trust Inc. Buys 1,664 Shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Blue Trust Inc. raised its stake in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) by 147.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,795 shares of the transportation company’s stock after buying an additional 1,664 shares during the quarter. Blue Trust Inc.’s holdings in Grupo Aeroportuario del Centro Norte were worth $189,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of OMAB. 1832 Asset Management L.P. bought a new position in Grupo Aeroportuario del Centro Norte in the second quarter valued at approximately $11,318,000. INCA Investments LLC lifted its position in shares of Grupo Aeroportuario del Centro Norte by 17.4% in the first quarter. INCA Investments LLC now owns 389,840 shares of the transportation company’s stock worth $30,832,000 after purchasing an additional 57,709 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Grupo Aeroportuario del Centro Norte by 355.1% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 53,700 shares of the transportation company’s stock worth $3,633,000 after purchasing an additional 41,900 shares in the last quarter. Duff & Phelps Investment Management Co. bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the second quarter worth $2,300,000. Finally, Marshall Wace LLP lifted its position in shares of Grupo Aeroportuario del Centro Norte by 78.1% in the second quarter. Marshall Wace LLP now owns 69,809 shares of the transportation company’s stock worth $4,723,000 after purchasing an additional 30,604 shares in the last quarter. Institutional investors own 9.53% of the company’s stock.

Wall Street Analyst Weigh In

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

Grupo Aeroportuario del Centro Norte Price Performance

Shares of OMAB opened at $66.01 on Friday. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 4.02 and a beta of 1.32. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a 1-year low of $55.00 and a 1-year high of $90.53. The company’s fifty day simple moving average is $67.10 and its 200 day simple moving average is $72.16. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.35.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last issued its earnings results on Thursday, July 25th. The transportation company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.21. The business had revenue of $203.24 million for the quarter. Grupo Aeroportuario del Centro Norte had a net margin of 35.08% and a return on equity of 53.36%. On average, research analysts forecast that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.51 earnings per share for the current fiscal year.

Grupo Aeroportuario del Centro Norte 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.