Vident Advisory LLC Grows Stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Key Points

• Vident Advisory LLC increased its stake in Grupo Aeroportuario del Centro Norte by 55.9%, holding shares valued at $862,000 as of the latest reporting period.
• Deutsche Bank AG significantly raised its holdings by 1,173.2% during the last quarter, now owning approximately 273,821 shares worth $18.8 million.
• Goldman Sachs has upgraded its target price for Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 with a "buy" rating, highlighting positive sentiment among analysts.

Vident Advisory LLC grew its position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 55.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,964 shares of the transportation company's stock after buying an additional 3,932 shares during the period. Vident Advisory LLC's holdings in Grupo Aeroportuario del Centro Norte were worth $862,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in Grupo Aeroportuario del Centro Norte by 0.5% in the first quarter. Envestnet Asset Management Inc. now owns 31,667 shares of the transportation company's stock valued at $2,490,000 after acquiring an additional 150 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 25.6% during the 1st 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 last quarter. Itau Unibanco Holding S.A. boosted its position in shares of Grupo Aeroportuario del Centro Norte by 3.2% in the 1st quarter. Itau Unibanco Holding S.A. now owns 6,902 shares of the transportation company's stock worth $543,000 after purchasing an additional 212 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Grupo Aeroportuario del Centro Norte by 3,581.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company's stock worth $28,000 after buying an additional 394 shares during the last quarter. Finally, Invesco Ltd. increased its position in Grupo Aeroportuario del Centro Norte by 3.3% during the 1st quarter. Invesco Ltd. now owns 17,775 shares of the transportation company's stock valued at $1,398,000 after buying an additional 569 shares in the last quarter. Hedge funds and other institutional investors own 9.53% of the company's stock.

Analyst Ratings Changes

OMAB has been the subject of several recent analyst reports. Wall Street Zen raised Grupo Aeroportuario del Centro Norte from a "hold" rating to a "buy" rating in a report on Friday, September 5th. The Goldman Sachs Group upped their price target on shares of Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Citigroup restated a "neutral" rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Wednesday. Zacks Research downgraded Grupo Aeroportuario del Centro Norte from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Finally, Bank of America upgraded Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a research report on Monday, May 19th. Two investment analysts have 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. According to data from MarketBeat, Grupo Aeroportuario del Centro Norte currently has a consensus rating of "Hold" and an average price target of $92.17.

Grupo Aeroportuario del Centro Norte Price Performance

Shares of Grupo Aeroportuario del Centro Norte stock traded down $0.17 on Wednesday, hitting $107.08. The company's stock had a trading volume of 87,500 shares, compared to its average volume of 80,328. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 2.58 and a beta of 0.93. 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 firm has a fifty day moving average price of $107.24 and a 200-day moving average price of $95.50. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.86 and a current ratio of 0.86.

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.