Canada Pension Plan Investment Board Raises Holdings in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Key Points

• The Canada Pension Plan Investment Board increased its stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 77.9%, owning 41,100 shares worth approximately $3.23 million.
• Institutional investors currently hold 9.53% of the company’s stock, indicating significant interest in its performance from larger investment entities.
• Market analysts have mixed ratings for Grupo Aeroportuario, with three holding a "Buy" rating, while Zacks downgraded it from "strong-buy" to "hold".

Canada Pension Plan Investment Board grew its holdings in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 77.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,100 shares of the transportation company's stock after buying an additional 18,000 shares during the quarter. Canada Pension Plan Investment Board owned 0.10% of Grupo Aeroportuario del Centro Norte worth $3,232,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in OMAB. Deutsche Bank AG increased its position in shares of 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 valued at $18,795,000 after buying an additional 252,315 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of Grupo Aeroportuario del Centro Norte in the fourth quarter valued at approximately $6,660,000. Empirical Finance LLC purchased a new stake in shares of Grupo Aeroportuario del Centro Norte in the first quarter valued at approximately $2,258,000. Northern Trust Corp increased its position 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 buying an additional 25,872 shares in the last quarter. Finally, Banco BTG Pactual S.A. acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the first quarter valued at approximately $1,342,000. 9.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on OMAB. Wall Street Zen raised Grupo Aeroportuario del Centro Norte from a "hold" rating to a "buy" rating in a report on Friday. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, May 23rd. The Goldman Sachs Group increased their target price 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. Bank of America raised Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a report on Monday, May 19th. Finally, Zacks Research cut Grupo Aeroportuario del Centro Norte from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Two 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. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $92.17.

Grupo Aeroportuario del Centro Norte Trading Up 0.0%

NASDAQ OMAB traded up $0.01 on Tuesday, reaching $106.56. 15,826 shares of the company were exchanged, compared to its average volume of 75,565. The business's fifty day moving average price is $107.27 and its 200 day moving average price is $95.34. The stock has a market capitalization of $4.53 billion, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 2.54 and a beta of 0.93. 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 fifty-two week low of $62.06 and a fifty-two week high of $116.25.

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.