Vident Advisory LLC Has $862,000 Stock Holdings 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 raised 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 the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,964 shares of the transportation company's stock after buying an additional 3,932 shares during the quarter. Vident Advisory LLC's holdings in Grupo Aeroportuario del Centro Norte were worth $862,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Deutsche Bank AG grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 1,173.2% during the 4th quarter. Deutsche Bank AG now owns 273,821 shares of the transportation company's stock worth $18,795,000 after purchasing an additional 252,315 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 8.3% during the 1st quarter. American Century Companies Inc. now owns 97,716 shares of the transportation company's stock worth $7,683,000 after purchasing an additional 7,513 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Grupo Aeroportuario del Centro Norte during the 4th quarter worth $6,660,000. Canada Pension Plan Investment Board grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 77.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 41,100 shares of the transportation company's stock worth $3,232,000 after purchasing an additional 18,000 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 0.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 31,667 shares of the transportation company's stock worth $2,490,000 after purchasing an additional 150 shares in the last quarter. 9.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on OMAB. The Goldman Sachs Group increased their target price on 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. reissued an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, May 23rd. Zacks Research lowered 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 raised Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a report on Monday, May 19th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Grupo Aeroportuario del Centro Norte currently has a consensus rating of "Hold" and an average price target of $88.38.

Grupo Aeroportuario del Centro Norte Stock Performance

NASDAQ:OMAB opened at $103.18 on Friday. The stock's 50-day simple moving average is $107.23 and its 200 day simple moving average is $94.80. The firm has a market capitalization of $4.39 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 2.46 and a beta of 0.93. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.35. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a twelve month low of $62.06 and a twelve month high of $116.25.

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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