National Bank of Canada FI Reduces Position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

National Bank of Canada FI lowered its position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 25.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 86,480 shares of the transportation company's stock after selling 29,555 shares during the period. National Bank of Canada FI owned about 0.20% of Grupo Aeroportuario del Centro Norte worth $6,799,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of OMAB. Deutsche Bank AG raised 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 worth $18,795,000 after acquiring an additional 252,315 shares during the period. AQR Capital Management LLC acquired a new position in shares of Grupo Aeroportuario del Centro Norte in the fourth quarter worth about $6,660,000. Empirical Finance LLC acquired a new position in shares of Grupo Aeroportuario del Centro Norte in the first quarter worth about $2,258,000. Uniplan Investment Counsel Inc. acquired a new position in shares of Grupo Aeroportuario del Centro Norte in the fourth quarter worth about $1,850,000. Finally, Northern Trust Corp raised 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 worth $2,052,000 after acquiring an additional 25,872 shares during the period. Institutional investors and hedge funds own 9.53% of the company's stock.

Wall Street Analyst Weigh In

OMAB has been the subject of a number of analyst reports. 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 boosted their target price on shares of Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Grupo Aeroportuario del Centro Norte has a consensus rating of "Hold" and an average target price of $88.38.

Grupo Aeroportuario del Centro Norte Price Performance

NASDAQ OMAB traded down $0.36 during trading hours on Monday, hitting $106.54. 24,962 shares of the company's stock traded hands, compared to its average volume of 74,191. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 52-week low of $59.08 and a 52-week high of $116.25. The company has a market capitalization of $4.53 billion, a PE ratio of 19.71, a PEG ratio of 2.57 and a beta of 0.94. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.86 and a quick ratio of 0.86. The firm's 50-day moving average is $106.75 and its 200-day moving average is $92.45.

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.