AQR Capital Management LLC Takes Position in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

AQR Capital Management LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 97,032 shares of the transportation company's stock, valued at approximately $6,660,000. AQR Capital Management LLC owned 0.23% of Grupo Aeroportuario del Centro Norte at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Fisher Funds Management LTD acquired a new position in shares of Grupo Aeroportuario del Centro Norte in the fourth quarter valued at approximately $33,617,000. 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 valued at $11,921,000 after buying an additional 40,878 shares during the period. Uniplan Investment Counsel Inc. acquired a new position in shares of Grupo Aeroportuario del Centro Norte in the fourth quarter valued at approximately $1,850,000. Northern Trust Corp boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 643.4% in the fourth quarter. Northern Trust Corp now owns 29,893 shares of the transportation company's stock valued at $2,052,000 after buying an additional 25,872 shares during the period. Finally, ABS Direct Equity Fund LLC boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 165.0% in the fourth quarter. ABS Direct Equity Fund LLC now owns 36,700 shares of the transportation company's stock valued at $2,519,000 after buying an additional 22,850 shares during the period. Institutional investors and hedge funds own 9.53% of the company's stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lifted their target price on Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $82.50.

Grupo Aeroportuario del Centro Norte Stock Up 4.3%

Grupo Aeroportuario del Centro Norte stock traded up $4.07 during midday trading on Tuesday, reaching $99.68. The stock had a trading volume of 25,060 shares, compared to its average volume of 71,419. The firm's fifty day simple moving average is $82.19 and its 200-day simple moving average is $75.82. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a 1-year low of $59.08 and a 1-year high of $100.36. The stock has a market capitalization of $4.24 billion, a P/E ratio of 17.58 and a beta of 0.90. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.08.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.02. The business had revenue of $174.65 million for the quarter, compared to analyst estimates of $3.58 billion. Grupo Aeroportuario del Centro Norte had a return on equity of 51.74% and a net margin of 35.31%. As a group, analysts expect that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.53 EPS for the current fiscal year.

About Grupo Aeroportuario del Centro Norte

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.