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. purchased a new stake in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,690 shares of the transportation company's stock, valued at approximately $462,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. ABS Direct Equity Fund LLC lifted its stake in Grupo Aeroportuario del Centro Norte by 165.0% in the fourth quarter. ABS Direct Equity Fund LLC now owns 36,700 shares of the transportation company's stock worth $2,519,000 after acquiring an additional 22,850 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Grupo Aeroportuario del Centro Norte by 30.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 173,672 shares of the transportation company's stock worth $11,921,000 after purchasing an additional 40,878 shares in the last quarter. Barclays PLC acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the 3rd quarter worth about $72,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Grupo Aeroportuario del Centro Norte by 41.2% in 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 in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Grupo Aeroportuario del Centro Norte in the 4th quarter valued at about $116,000. Hedge funds and other institutional investors own 9.53% of the company's stock.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of NASDAQ OMAB traded down $0.07 during midday trading on Friday, reaching $88.42. 64,027 shares of the company were exchanged, compared to its average volume of 69,682. The stock has a fifty day simple moving average of $80.05 and a 200 day simple moving average of $74.70. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. The stock has a market cap of $3.76 billion, a P/E ratio of 15.59 and a beta of 0.88. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a 1 year low of $59.08 and a 1 year high of $92.39.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last announced its quarterly earnings data 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 net margin of 35.31% and a return on equity of 51.74%. The company had revenue of $174.65 million during the quarter, compared to the consensus estimate of $3.58 billion. On average, research analysts forecast that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.