Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB Shares Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its holdings in Grupo Aeroportuario del Centro Norte by 8.3%, now owning 97,716 shares worth approximately $7.68 million as of their recent SEC filing.
• Several large investors, including Geode Capital Management and Northern Trust Corp, have also boosted their stakes in Grupo Aeroportuario, indicating increased institutional interest in the company.
• Wall Street analysts report mixed ratings for the stock, with an average price target of $88.38 and varied recommendations, suggesting a cautious but potentially favorable outlook for investors.

American Century Companies Inc. boosted its stake in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 8.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 97,716 shares of the transportation company's stock after acquiring an additional 7,513 shares during the period. American Century Companies Inc. owned about 0.23% of Grupo Aeroportuario del Centro Norte worth $7,683,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Invesco Ltd. raised its position in Grupo Aeroportuario del Centro Norte by 3.3% during the first quarter. Invesco Ltd. now owns 17,775 shares of the transportation company's stock worth $1,398,000 after acquiring an additional 569 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in Grupo Aeroportuario del Centro Norte during the first quarter worth $1,278,000. US Bancorp DE raised its position in Grupo Aeroportuario del Centro Norte by 25.6% during the first 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 period. Empirical Finance LLC acquired a new position in Grupo Aeroportuario del Centro Norte during the first quarter worth $2,258,000. Finally, Cerity Partners LLC acquired a new position in Grupo Aeroportuario del Centro Norte during the first quarter worth $244,000. 9.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Grupo Aeroportuario del Centro Norte Trading Up 0.2%

Grupo Aeroportuario del Centro Norte stock traded up $0.24 during midday trading on Tuesday, hitting $102.45. 11,646 shares of the stock were exchanged, compared to its average volume of 73,056. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a fifty-two week low of $61.67 and a fifty-two week high of $116.25. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 2.46 and a beta of 0.93. The stock's 50-day simple moving average is $107.20 and its 200 day simple moving average is $94.53. 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 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.