Banco BTG Pactual S.A. Purchases 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 position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,073 shares of the transportation company's stock, valued at approximately $1,342,000.

Several other large investors also recently bought and sold shares of OMAB. Deutsche Bank AG boosted its position in Grupo Aeroportuario del Centro Norte by 1,173.2% in the fourth quarter. Deutsche Bank AG now owns 273,821 shares of the transportation company's stock worth $18,795,000 after purchasing an additional 252,315 shares during the last quarter. AQR Capital Management LLC bought a new stake in Grupo Aeroportuario del Centro Norte in the fourth quarter worth $6,660,000. Empirical Finance LLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the first quarter worth $2,258,000. Uniplan Investment Counsel Inc. bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the fourth quarter valued at about $1,850,000. Finally, Northern Trust Corp raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 643.4% in the fourth quarter. Northern Trust Corp now owns 29,893 shares of the transportation company's stock valued at $2,052,000 after acquiring an additional 25,872 shares in the last quarter. 9.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Bank of America upgraded shares of Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a report on Monday, May 19th. The Goldman Sachs Group boosted their price target on Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the company a "buy" rating in a report on Friday, May 16th. 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. 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 issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $88.38.

Grupo Aeroportuario del Centro Norte Trading Down 1.2%

Grupo Aeroportuario del Centro Norte stock traded down $1.2450 during midday trading on Monday, reaching $105.9750. 11,863 shares of the stock traded hands, compared to its average volume of 73,732. The company has a 50-day simple moving average of $106.96 and a two-hundred day simple moving average of $93.51. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 12-month low of $59.08 and a 12-month high of $116.25. The firm has a market cap of $4.51 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 2.58 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 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.