1832 Asset Management L.P. Cuts Stock Holdings in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Key Points

• 1832 Asset Management L.P. has reduced its stake in Grupo Aeroportuario del Centro Norte by 38.0%, now holding approximately 0.31% of the company with a value of $10,302,000 after selling 80,242 shares.
• Multiple large investors have recently adjusted their positions in OMAB, with Tower Research Capital significantly increasing its holdings by 3,581.8% in the fourth quarter.
• Analysts have mixed views on Grupo Aeroportuario del Centro Norte, with Goldman Sachs raising their price target to $106.00 and Zacks Research downgrading to a "hold" rating, reflecting diverse expectations for the stock's performance.

1832 Asset Management L.P. lessened its holdings in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 38.0% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 131,013 shares of the transportation company's stock after selling 80,242 shares during the period. 1832 Asset Management L.P. owned approximately 0.31% of Grupo Aeroportuario del Centro Norte worth $10,302,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OMAB. Tower Research Capital LLC TRC boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 3,581.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company's stock worth $28,000 after buying an additional 394 shares during the last quarter. US Bancorp DE boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 25.6% in the 1st quarter. US Bancorp DE now owns 761 shares of the transportation company's stock worth $60,000 after buying an additional 155 shares during the last quarter. Cerity Partners LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte in the 1st quarter worth approximately $244,000. Geode Capital Management LLC boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 5,140 shares of the transportation company's stock worth $353,000 after buying an additional 126 shares during the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Grupo Aeroportuario del Centro Norte in the 4th quarter worth approximately $462,000. Hedge funds and other institutional investors own 9.53% of the company's stock.

Analyst Ratings Changes

OMAB has been the topic of a number of research analyst reports. Zacks Research downgraded Grupo Aeroportuario del Centro Norte from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Bank of America upgraded Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, May 23rd. Finally, The Goldman Sachs Group upped their price objective on Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $88.38.

Grupo Aeroportuario del Centro Norte Price Performance

Shares of OMAB traded down $0.83 during mid-day trading on Friday, reaching $102.85. 13,608 shares of the stock traded hands, compared to its average volume of 73,286. The firm has a fifty day moving average price of $107.16 and a 200 day moving average price of $94.03. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 2.53 and a beta of 0.94. 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 S.A.B. de C.V. has a 1 year low of $60.39 and a 1 year high of $116.25.

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.