Itau Unibanco Holding S.A. Takes Position in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Itau Unibanco Holding S.A. bought a new position in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,690 shares of the transportation company's stock, valued at approximately $462,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OMAB. Tower Research Capital LLC TRC increased its position in 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 acquiring an additional 394 shares during the period. Venturi Wealth Management LLC grew its position in Grupo Aeroportuario del Centro Norte by 94.3% during the fourth quarter. Venturi Wealth Management LLC now owns 575 shares of the transportation company's stock worth $39,000 after buying an additional 279 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Grupo Aeroportuario del Centro Norte by 41.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company's stock valued at $48,000 after acquiring an additional 200 shares during the period. Fifth Third Bancorp bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the 4th quarter worth approximately $48,000. Finally, Barclays PLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the third quarter valued at approximately $72,000. Institutional investors and hedge funds own 9.53% of the company's stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised their target price on Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $82.50.

Grupo Aeroportuario del Centro Norte Stock Performance

NASDAQ OMAB traded up $3.34 on Wednesday, hitting $94.11. 50,822 shares of the stock were exchanged, compared to its average volume of 70,362. The company has a market capitalization of $4.00 billion, a PE ratio of 16.60 and a beta of 0.90. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 1.08. The business's fifty day moving average is $80.60 and its 200 day moving average is $74.94. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a 52 week low of $59.08 and a 52 week high of $94.85.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.30 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.02. Grupo Aeroportuario del Centro Norte had a return on equity of 51.74% and a net margin of 35.31%. The business had revenue of $174.65 million during the quarter, compared to analysts' expectations of $3.58 billion. Research analysts anticipate that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.53 EPS for the current fiscal year.

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.