Deutsche Bank AG Lowers Position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB)

Key Points

• Deutsche Bank AG reduced its holdings in Grupo Aeroportuario del Centro Norte by 1.5%, now owning approximately 0.63% of the company with a value of $21.2 million.
• Analysts have mixed views on the stock; while Bank of America upgraded it to a "neutral" rating, JPMorgan Chase & Co. maintained an "underweight" rating with a consensus rating of "Hold" and a target price of $88.38.
• Grupo Aeroportuario del Centro Norte's stock recently opened at $104.70, reflecting a 2.8% decline, with a market cap of $4.45 billion.

Deutsche Bank AG lessened its position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 1.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 269,627 shares of the transportation company's stock after selling 4,194 shares during the period. Deutsche Bank AG owned approximately 0.63% of Grupo Aeroportuario del Centro Norte worth $21,201,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its stake in Grupo Aeroportuario del Centro Norte by 3,581.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company's stock valued at $28,000 after acquiring an additional 394 shares during the period. Cerity Partners LLC acquired a new stake in Grupo Aeroportuario del Centro Norte in the first quarter valued at approximately $244,000. Millennium Management LLC grew its stake in Grupo Aeroportuario del Centro Norte by 5.7% in the fourth quarter. Millennium Management LLC now owns 26,904 shares of the transportation company's stock valued at $1,847,000 after acquiring an additional 1,460 shares during the period. Invesco Ltd. grew its stake in Grupo Aeroportuario del Centro Norte by 7.9% in the fourth quarter. Invesco Ltd. now owns 17,206 shares of the transportation company's stock valued at $1,181,000 after acquiring an additional 1,257 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in Grupo Aeroportuario del Centro Norte by 0.5% in the first quarter. Envestnet Asset Management Inc. now owns 31,667 shares of the transportation company's stock valued at $2,490,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 9.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on OMAB shares. Bank of America raised Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a research report on Monday, May 19th. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Friday, May 23rd. Finally, The Goldman Sachs Group lifted their target price on 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Grupo Aeroportuario del Centro Norte has an average rating of "Hold" and a consensus price target of $88.38.

Grupo Aeroportuario del Centro Norte Price Performance

OMAB traded up $2.97 during trading on Friday, reaching $106.89. 39,763 shares of the company were exchanged, compared to its average volume of 86,643. The company's 50-day moving average is $106.75 and its two-hundred day moving average is $92.37. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 19.79, a P/E/G ratio of 2.57 and a beta of 0.94. The company has a quick ratio of 0.86, a current 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 12-month low of $59.08 and a 12-month high of $116.25.

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.