Russell Investments Group Ltd. Sells 15,769 Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Key Points

• Russell Investments Group Ltd. reduced its stake in Grupo Aeroportuario del Centro Norte by 10.8%, owning 130,112 shares valued at approximately $10.23 million after selling 15,769 shares in the first quarter.
• Several institutional investors have increased their holdings in Grupo Aeroportuario del Centro Norte, with Deutsche Bank AG significantly boosting its stake by 1,173.2% during the fourth quarter, now owning 273,821 shares worth about $18.8 million.
• Analysts have mixed ratings for Grupo Aeroportuario del Centro Norte, with a recent upgrade from Bank of America raising its rating to "neutral" and Goldman Sachs raising the price target from $89 to $106 while maintaining a "buy" rating.

Russell Investments Group Ltd. lessened its position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 10.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 130,112 shares of the transportation company's stock after selling 15,769 shares during the period. Russell Investments Group Ltd. owned approximately 0.31% of Grupo Aeroportuario del Centro Norte worth $10,231,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of Grupo Aeroportuario del Centro Norte by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 5,140 shares of the transportation company's stock worth $353,000 after acquiring an additional 126 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Grupo Aeroportuario del Centro Norte by 0.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 31,667 shares of the transportation company's stock worth $2,490,000 after acquiring an additional 150 shares during the period. US Bancorp DE lifted its stake in shares of Grupo Aeroportuario del Centro Norte by 25.6% in the first quarter. US Bancorp DE now owns 761 shares of the transportation company's stock valued at $60,000 after purchasing an additional 155 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of 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 purchasing an additional 394 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Grupo Aeroportuario del Centro Norte by 3.3% in the first quarter. Invesco Ltd. now owns 17,775 shares of the transportation company's stock valued at $1,398,000 after purchasing an additional 569 shares during the period. Institutional investors and hedge funds own 9.53% of the company's stock.

Grupo Aeroportuario del Centro Norte Trading Down 0.4%

Shares of NASDAQ:OMAB traded down $0.44 during mid-day trading on Friday, hitting $107.22. The stock had a trading volume of 52,760 shares, compared to its average volume of 75,863. The company has a market cap of $4.56 billion, a PE ratio of 19.86, a P/E/G ratio of 2.58 and a beta of 0.94. 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. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.86 and a current ratio of 0.86. The company's 50 day moving average is $106.96 and its 200-day moving average is $93.51.

Analyst Upgrades and Downgrades

OMAB has been the subject of several recent analyst reports. Zacks Research cut shares of Grupo Aeroportuario del Centro Norte from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. The Goldman Sachs Group lifted their price target on shares of Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the stock a "buy" rating in a report on Friday, May 16th. JPMorgan Chase & Co. restated an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, May 23rd. Finally, Bank of America raised shares of Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a research report on Monday, May 19th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $88.38.

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.