Banco BTG Pactual S.A. Buys Shares of 17,073 Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Key Points

• Banco BTG Pactual S.A. has acquired a new stake in Grupo Aeroportuario del Centro Norte, purchasing 17,073 shares valued at approximately $1,342,000.
• Other institutional investors have also increased their stakes, with US Bancorp DE growing its holdings by 25.6% during the first quarter of 2023.
• Analysts hold a mixed view on Grupo Aeroportuario del Centro Norte, with ratings ranging from "underweight" to "buy," and a consensus target price of $88.38.

Banco BTG Pactual S.A. bought a new stake in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 17,073 shares of the transportation company's stock, valued at approximately $1,342,000.

Several other large investors have also made changes to their positions in the company. Tower Research Capital LLC TRC grew its holdings in Grupo Aeroportuario del Centro Norte by 3,581.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company's stock valued at $28,000 after purchasing an additional 394 shares during the last quarter. US Bancorp DE grew its holdings 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 valued at $60,000 after purchasing an additional 155 shares during the last quarter. Cerity Partners LLC acquired a new position in Grupo Aeroportuario del Centro Norte during the first quarter valued at approximately $244,000. Geode Capital Management LLC grew its holdings in Grupo Aeroportuario del Centro Norte by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 5,140 shares of the transportation company's stock valued at $353,000 after purchasing an additional 126 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter worth approximately $462,000. Institutional investors own 9.53% of the company's stock.

Grupo Aeroportuario del Centro Norte Price Performance

Shares of NASDAQ OMAB opened at $107.22 on Wednesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.86 and a quick ratio of 0.86. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a fifty-two week low of $59.08 and a fifty-two week high of $116.25. The stock has a market capitalization of $4.56 billion, a PE ratio of 19.86, a P/E/G ratio of 2.57 and a beta of 0.94. The business has a fifty day moving average price of $106.83 and a two-hundred day moving average price of $92.77.

Analyst Upgrades and Downgrades

A number of analysts have commented on OMAB shares. JPMorgan Chase & Co. reiterated 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 report on Monday, May 19th. Finally, The Goldman Sachs Group increased their target price on Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $88.38.

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.

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