Envestnet Asset Management Inc. Raises Stock Position in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Envestnet Asset Management Inc. lifted its stake 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 disclosure 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 quarter. Envestnet Asset Management Inc. owned about 0.07% of Grupo Aeroportuario del Centro Norte worth $2,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in Grupo Aeroportuario del Centro Norte by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 5,140 shares of the transportation company's stock worth $353,000 after purchasing an additional 126 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Grupo Aeroportuario del Centro Norte by 30.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 173,672 shares of the transportation company's stock worth $11,921,000 after buying an additional 40,878 shares during the period. American Century Companies Inc. increased its stake in shares of Grupo Aeroportuario del Centro Norte by 6.0% in the 4th quarter. American Century Companies Inc. now owns 90,203 shares of the transportation company's stock worth $6,192,000 after acquiring an additional 5,127 shares in the last quarter. Maryland State Retirement & Pension System lifted its position in Grupo Aeroportuario del Centro Norte by 5.8% during the 4th quarter. Maryland State Retirement & Pension System now owns 45,333 shares of the transportation company's stock valued at $3,112,000 after acquiring an additional 2,480 shares during the period. Finally, Mission Wealth Management LP bought a new stake in Grupo Aeroportuario del Centro Norte during the fourth quarter worth about $231,000. 9.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Grupo Aeroportuario del Centro Norte Stock Down 0.3 %

Grupo Aeroportuario del Centro Norte stock traded down $0.29 during mid-day trading on Friday, reaching $88.21. The stock had a trading volume of 19,412 shares, compared to its average volume of 69,216. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 15.57 and a beta of 0.88. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 1.08. 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 50-day moving average price of $79.82 and a two-hundred day moving average price of $74.48.

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 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.02. Grupo Aeroportuario del Centro Norte had a net margin of 35.31% and a return on equity of 51.74%. The company had revenue of $174.65 million during the quarter, compared to the consensus estimate of $3.58 billion. On average, analysts expect that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.53 EPS for the current fiscal 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.