Russell Investments Group Ltd. Has $10.23 Million Stock Holdings in 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 holdings in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 10.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 130,112 shares of the transportation company's stock after selling 15,769 shares during the period. Russell Investments Group Ltd. owned 0.31% of Grupo Aeroportuario del Centro Norte worth $10,231,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 3,581.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company's stock worth $28,000 after purchasing an additional 394 shares during the last quarter. US Bancorp DE grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 25.6% during the first quarter. US Bancorp DE now owns 761 shares of the transportation company's stock worth $60,000 after purchasing an additional 155 shares during the last quarter. Cerity Partners LLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the first quarter worth $244,000. Geode Capital Management LLC grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 5,140 shares of the transportation company's stock worth $353,000 after purchasing an additional 126 shares during the last quarter. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter worth $462,000. Institutional investors own 9.53% of the company's stock.

Analyst Ratings Changes

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

Grupo Aeroportuario del Centro Norte Stock Down 0.3%

Shares of NASDAQ OMAB traded down $0.27 during mid-day trading on Thursday, reaching $107.66. 58,599 shares of the company's stock were exchanged, compared to its average volume of 81,260. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 2.60 and a beta of 0.94. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.35. The business has a fifty day simple moving average of $106.91 and a 200 day simple moving average of $93.08. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a twelve month low of $59.08 and a twelve month high of $116.25.

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.