Envestnet Asset Management Inc. Acquires 4,048 Shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Envestnet Asset Management Inc. increased its position in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 14.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,517 shares of the transportation company's stock after buying an additional 4,048 shares during the period. Envestnet Asset Management Inc. owned about 0.07% of Grupo Aeroportuario del Centro Norte worth $2,163,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of OMAB. Barclays PLC acquired a new stake in shares of Grupo Aeroportuario del Centro Norte during the 3rd quarter valued at about $72,000. Sanders Morris Harris LLC boosted its position in shares of Grupo Aeroportuario del Centro Norte by 8.8% in the fourth quarter. Sanders Morris Harris LLC now owns 3,700 shares of the transportation company's stock valued at $257,000 after acquiring an additional 300 shares during the period. SG Americas Securities LLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the fourth quarter valued at approximately $116,000. Fifth Third Bancorp bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the fourth quarter valued at approximately $48,000. Finally, Blue Trust Inc. lifted its position in Grupo Aeroportuario del Centro Norte by 58.9% in the fourth quarter. Blue Trust Inc. now owns 4,442 shares of the transportation company's stock worth $301,000 after purchasing an additional 1,647 shares during the period. Institutional investors own 9.53% of the company's stock.

Grupo Aeroportuario del Centro Norte Price Performance

Shares of OMAB stock traded down $0.87 during trading on Thursday, hitting $88.10. The company had a trading volume of 8,295 shares, compared to its average volume of 69,213. The firm has a market capitalization of $3.75 billion, a P/E ratio of 15.54 and a beta of 0.88. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a one year low of $59.08 and a one year high of $92.39. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.08. The stock's 50-day moving average price is $79.63 and its 200 day moving average price is $74.35.

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

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised 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 note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Grupo Aeroportuario del Centro Norte presently has an average rating of "Hold" and an average price target of $82.50.

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.