Integrated Quantitative Investments LLC Makes New Investment in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Key Points

• Integrated Quantitative Investments bought a new stake in Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) of 10,127 shares valued at about $1.05 million in Q3, while several other institutions (AGF, Empirical Finance, Advisors Capital, American Century, Caprock) also added or increased positions; institutional ownership stands near 9.53%.
• OMAB recently missed quarterly expectations with $1.40 EPS vs. $1.65 expected and slightly lower revenue, yet reported strong profitability (net margin 33.46%, ROE 54.36%); analyst sentiment is mixed (one Buy, four Hold, one Sell) with an average rating of Hold and an average target price of $106.

Integrated Quantitative Investments LLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,127 shares of the transportation company's stock, valued at approximately $1,052,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. AGF Management Ltd. bought a new position in shares of Grupo Aeroportuario del Centro Norte in the 2nd quarter worth about $872,000. Empirical Finance LLC increased its stake in shares of Grupo Aeroportuario del Centro Norte by 73.9% in the second quarter. Empirical Finance LLC now owns 49,941 shares of the transportation company's stock valued at $5,269,000 after purchasing an additional 21,228 shares during the period. Advisors Capital Management LLC increased its position in Grupo Aeroportuario del Centro Norte by 9.6% in the 2nd quarter. Advisors Capital Management LLC now owns 33,043 shares of the transportation company's stock valued at $3,486,000 after acquiring an additional 2,902 shares during the period. American Century Companies Inc. raised its stake in Grupo Aeroportuario del Centro Norte by 18.4% during the 2nd quarter. American Century Companies Inc. now owns 115,744 shares of the transportation company's stock valued at $12,211,000 after acquiring an additional 18,028 shares in the last quarter. Finally, Caprock Group LLC acquired a new stake in Grupo Aeroportuario del Centro Norte in the third quarter worth about $776,000. 9.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on OMAB shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, January 9th. Zacks Research cut Grupo Aeroportuario del Centro Norte from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 25th. Finally, Wall Street Zen upgraded shares of Grupo Aeroportuario del Centro Norte from a "buy" rating to a "strong-buy" rating in a research report on Sunday, February 15th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $106.00.

Grupo Aeroportuario del Centro Norte Stock Up 3.0%

Shares of OMAB opened at $116.18 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.17. The company has a 50-day moving average price of $118.04 and a two-hundred day moving average price of $109.41. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 19.79, a P/E/G ratio of 1.33 and a beta of 0.74. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 12 month low of $70.24 and a 12 month high of $134.99.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last issued its earnings results on Tuesday, February 24th. The transportation company reported $1.40 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.25). Grupo Aeroportuario del Centro Norte had a net margin of 33.46% and a return on equity of 54.36%. The firm had revenue of $239.14 million during the quarter, compared to analyst estimates of $241.63 million. Equities analysts predict that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 5.53 EPS for the current fiscal year.

Grupo Aeroportuario del Centro Norte Company 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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