Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Shares Sold by Marshall Wace LLP

Marshall Wace LLP cut its stake in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 36.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 87,351 shares of the transportation company's stock after selling 49,849 shares during the period. Marshall Wace LLP owned about 0.21% of Grupo Aeroportuario del Centro Norte worth $5,996,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ABS Direct Equity Fund LLC grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 165.0% during the fourth quarter. ABS Direct Equity Fund LLC now owns 36,700 shares of the transportation company's stock worth $2,519,000 after buying an additional 22,850 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Grupo Aeroportuario del Centro Norte by 30.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 173,672 shares of the transportation company's stock valued at $11,921,000 after acquiring an additional 40,878 shares in the last quarter. Barclays PLC acquired a new stake in Grupo Aeroportuario del Centro Norte in the 3rd quarter valued at about $72,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Grupo Aeroportuario del Centro Norte by 41.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company's stock worth $48,000 after purchasing an additional 200 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the 4th quarter worth approximately $116,000. 9.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group lifted their price objective 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 issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $82.50.

Grupo Aeroportuario del Centro Norte Trading Down 1.2 %

Grupo Aeroportuario del Centro Norte stock traded down $1.08 during mid-day trading on Tuesday, hitting $87.84. The company's stock had a trading volume of 15,244 shares, compared to its average volume of 71,480. The stock's fifty day moving average is $79.40 and its two-hundred day moving average is $74.16. 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 firm has a market capitalization of $3.74 billion, a PE ratio of 15.49 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 issued its quarterly earnings data on Thursday, April 24th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.07. Grupo Aeroportuario del Centro Norte had a net margin of 35.31% and a return on equity of 51.74%. On average, analysts anticipate that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.53 EPS for the current 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.