Aberdeen Group plc Decreases Stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Key Points

• Aberdeen Group plc has reduced its stake in Grupo Aeroportuario del Centro Norte by 8.2%, selling 13,899 shares during the first quarter, and now owns approximately 156,334 shares valued at $12.35 million.
• Deutsche Bank AG significantly increased its position in the company by 1,173.2%, acquiring 252,315 additional shares, while other institutions also adjusted their holdings in the stock.
• Grupo Aeroportuario del Centro Norte is currently rated a Hold by analysts with a consensus target price of $88.38, while the stock price has varied from a 12-month low of $59.08 to a high of $116.25.

Aberdeen Group plc trimmed its position in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 8.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 156,334 shares of the transportation company's stock after selling 13,899 shares during the period. Aberdeen Group plc owned about 0.37% of Grupo Aeroportuario del Centro Norte worth $12,349,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC grew its position in Grupo Aeroportuario del Centro Norte by 3,581.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company's stock worth $28,000 after acquiring an additional 394 shares during the last quarter. Cerity Partners LLC bought a new position in Grupo Aeroportuario del Centro Norte during the 1st quarter worth approximately $244,000. Millennium Management LLC grew its position in Grupo Aeroportuario del Centro Norte by 5.7% during the 4th quarter. Millennium Management LLC now owns 26,904 shares of the transportation company's stock worth $1,847,000 after acquiring an additional 1,460 shares during the last quarter. Invesco Ltd. grew its position in Grupo Aeroportuario del Centro Norte by 7.9% during the 4th quarter. Invesco Ltd. now owns 17,206 shares of the transportation company's stock worth $1,181,000 after acquiring an additional 1,257 shares during the last quarter. Finally, US Bancorp DE grew its position in Grupo Aeroportuario del Centro Norte by 25.6% during the 1st quarter. US Bancorp DE now owns 761 shares of the transportation company's stock worth $60,000 after acquiring an additional 155 shares during the last quarter. 9.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on OMAB. JPMorgan Chase & Co. restated an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Friday, May 23rd. Bank of America upgraded Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a research report on Monday, May 19th. Zacks Research lowered Grupo Aeroportuario del Centro Norte from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Finally, The Goldman Sachs Group raised their price target on Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Grupo Aeroportuario del Centro Norte has an average rating of "Hold" and a consensus price target of $88.38.

Grupo Aeroportuario del Centro Norte Stock Down 0.4%

NASDAQ:OMAB traded down $0.44 during trading hours on Friday, reaching $107.22. 52,760 shares of the company traded hands, compared to its average volume of 75,863. The business's 50-day moving average price is $106.96 and its two-hundred day moving average price is $93.51. The stock has a market capitalization of $4.56 billion, a P/E ratio of 19.86, a P/E/G ratio of 2.58 and a beta of 0.94. 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 $116.25. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.35.

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.