TrueMark Investments LLC Invests $1.06 Million in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Key Points

• TrueMark Investments LLC has invested approximately $1.06 million in Grupo Aeroportuario del Centro Norte by purchasing 10,036 shares, marking a significant addition to its portfolio in the second quarter.
• Several large investors have increased their stakes in Grupo Aeroportuario del Centro Norte, including US Bancorp DE and Mirae Asset Global Investments, indicating growing institutional interest in the company.
• Recent analyst ratings for Grupo Aeroportuario del Centro Norte have varied, with Zacks downgrading the stock to "strong sell" while Wall Street Zen upgraded it to "buy," reflecting mixed sentiment in the market.

TrueMark Investments LLC purchased a new position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,036 shares of the transportation company's stock, valued at approximately $1,059,000.

Other large investors have also recently made changes to their positions in the company. US Bancorp DE grew 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 worth $60,000 after acquiring an additional 155 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Grupo Aeroportuario del Centro Norte by 133.5% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,443 shares of the transportation company's stock worth $152,000 after acquiring an additional 825 shares during the period. Ballentine Partners LLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the second quarter worth approximately $211,000. Cerity Partners LLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the first quarter worth approximately $244,000. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Grupo Aeroportuario del Centro Norte by 3.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,595 shares of the transportation company's stock worth $485,000 after acquiring an additional 153 shares during the period. 9.53% of the stock is currently owned by institutional investors.

Grupo Aeroportuario del Centro Norte Price Performance

Shares of NASDAQ:OMAB opened at $104.43 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.86 and a quick ratio of 0.86. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 1-year low of $62.06 and a 1-year high of $116.25. The company has a market capitalization of $4.44 billion, a P/E ratio of 19.34, a P/E/G ratio of 2.72 and a beta of 0.94. The firm's 50 day simple moving average is $105.06 and its two-hundred day simple moving average is $100.66.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on OMAB shares. Zacks Research downgraded shares of Grupo Aeroportuario del Centro Norte from a "hold" rating to a "strong sell" rating in a report on Thursday. Wall Street Zen raised shares of Grupo Aeroportuario del Centro Norte from a "hold" rating to a "buy" rating in a report on Saturday, October 11th. Weiss Ratings reissued a "hold (c)" rating on shares of Grupo Aeroportuario del Centro Norte in a report on Tuesday, October 14th. Finally, Citigroup reissued a "hold" rating on shares of Grupo Aeroportuario del Centro Norte in a report on Wednesday, September 10th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $92.17.

About Grupo Aeroportuario del Centro Norte

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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