Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB Shares Sold by Aberdeen Group plc

Key Points

• Aberdeen Group plc reduced its stake in Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) by 10.2% in Q4, selling 15,170 shares and leaving it with 133,257 shares worth about $14.49 million (≈0.31% ownership).
• Analyst consensus is a Hold (one Buy, four Hold, one Sell) with an average price target of $106.00, and several firms (including Zacks and Wall Street Zen) have recently downgraded their ratings from "strong-buy" to "hold" or "buy."
• OMAB opened at $114.76, has a market cap of $4.88 billion and a P/E of 19.55; the company reported $1.40 EPS for the quarter with a net margin of 33.46% and ROE of 52.24%.

Aberdeen Group plc decreased its stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 133,257 shares of the transportation company's stock after selling 15,170 shares during the period. Aberdeen Group plc owned 0.31% of Grupo Aeroportuario del Centro Norte worth $14,494,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Triumph Capital Management acquired a new stake in Grupo Aeroportuario del Centro Norte during the 3rd quarter worth $30,000. EverSource Wealth Advisors LLC boosted its stake in Grupo Aeroportuario del Centro Norte by 288.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company's stock worth $39,000 after purchasing an additional 271 shares during the period. Mather Group LLC. acquired a new stake in Grupo Aeroportuario del Centro Norte during the 3rd quarter worth $42,000. Blue Trust Inc. boosted its stake in Grupo Aeroportuario del Centro Norte by 34.5% during the 3rd quarter. Blue Trust Inc. now owns 491 shares of the transportation company's stock worth $51,000 after purchasing an additional 126 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Grupo Aeroportuario del Centro Norte during the 2nd quarter worth $56,000. Institutional investors and hedge funds own 9.53% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on OMAB. Weiss Ratings restated a "hold (c)" rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Friday, January 9th. Zacks Research downgraded shares of Grupo Aeroportuario del Centro Norte from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 25th. Finally, Wall Street Zen downgraded shares of Grupo Aeroportuario del Centro Norte from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 14th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $106.00.

Grupo Aeroportuario del Centro Norte Stock Performance

NASDAQ:OMAB opened at $114.76 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 1.14 and a debt-to-equity ratio of 1.04. The firm has a 50-day moving average price of $118.44 and a two-hundred day moving average price of $110.37. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a twelve month low of $70.24 and a twelve month high of $134.99. The company has a market capitalization of $4.88 billion, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 1.45 and a beta of 0.75.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last posted its earnings results on Saturday, February 14th. The transportation company reported $1.40 earnings per share for the quarter. Grupo Aeroportuario del Centro Norte had a net margin of 33.46% and a return on equity of 52.24%. The firm had revenue of $228.23 million during the quarter. As a group, research analysts expect that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 5.53 earnings per share for the current fiscal year.

Grupo Aeroportuario del Centro Norte Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V. (OMAB) is a Mexican airport operator that develops, manages and operates airports under long‐term concessions granted by the Federal Government of Mexico. The company's core business covers all aspects of airport operations, including passenger processing, airfield services, security, ground handling, cargo handling and commercial activities such as retail, food and beverage, and parking.

OMA currently holds concession contracts for 13 airports in central and northern Mexico, serving key markets such as Monterrey, Ciudad Juárez, Culiacán, Hermosillo and Torreón.

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