Kingstone Capital Partners Texas LLC Takes Position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Key Points

• Kingstone Capital Partners Texas LLC acquired a new stake in Grupo Aeroportuario del Centro Norte, purchasing 998,670 shares valued at approximately $105.36 million, which constitutes around 2.35% of the company's total shares.
• A variety of other large investors, including Northern Trust Corp and GAMMA Investing LLC, significantly increased their holdings in Grupo Aeroportuario del Centro Norte during the recent quarters.
• The stock currently holds an average rating of "Hold" from analysts, with recent fluctuations resulting in a price target of $92.17 despite recent upgrades and downgrades from various research firms.

Kingstone Capital Partners Texas LLC acquired a new stake in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 998,670 shares of the transportation company's stock, valued at approximately $105,360,000. Kingstone Capital Partners Texas LLC owned about 2.35% of Grupo Aeroportuario del Centro Norte as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in OMAB. Northern Trust Corp raised its position in shares of Grupo Aeroportuario del Centro Norte by 643.4% during 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 during the last quarter. Millennium Management LLC raised its position in shares of Grupo Aeroportuario del Centro Norte by 5.7% during the fourth quarter. Millennium Management LLC now owns 26,904 shares of the transportation company's stock valued at $1,847,000 after buying an additional 1,460 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Grupo Aeroportuario del Centro Norte by 9,378.1% during the first quarter. GAMMA Investing LLC now owns 6,919 shares of the transportation company's stock valued at $5,440,000 after buying an additional 6,846 shares during the last quarter. Naples Global Advisors LLC raised its position in shares of Grupo Aeroportuario del Centro Norte by 18.7% during the first quarter. Naples Global Advisors LLC now owns 21,030 shares of the transportation company's stock valued at $1,654,000 after buying an additional 3,310 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Grupo Aeroportuario del Centro Norte by 0.5% during the first quarter. Envestnet Asset Management Inc. now owns 31,667 shares of the transportation company's stock valued at $2,490,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 9.53% of the company's stock.

Grupo Aeroportuario del Centro Norte Stock Performance

NASDAQ:OMAB opened at $107.09 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $4.56 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 2.59 and a beta of 0.93. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 12-month low of $62.06 and a 12-month high of $116.25. The firm has a 50-day moving average price of $106.88 and a 200 day moving average price of $97.03.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wall Street Zen raised shares of Grupo Aeroportuario del Centro Norte from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Zacks Research lowered shares of Grupo Aeroportuario del Centro Norte from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Citigroup reissued a "hold" rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Wednesday, September 10th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Friday, May 23rd. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $92.17.

Grupo Aeroportuario del Centro Norte Company 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.

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