Allspring Global Investments Holdings LLC Acquires Shares of 37,852 Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Allspring Global Investments Holdings LLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 37,852 shares of the transportation company's stock, valued at approximately $3,203,000. Allspring Global Investments Holdings LLC owned approximately 0.09% of Grupo Aeroportuario del Centro Norte at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. boosted its position in Grupo Aeroportuario del Centro Norte by 3.4% during the second quarter. BlackRock Inc. now owns 699,848 shares of the transportation company's stock valued at $59,375,000 after purchasing an additional 22,756 shares during the last quarter. State Street Corp increased its holdings in Grupo Aeroportuario del Centro Norte by 6.5% in the second quarter. State Street Corp now owns 348,880 shares of the transportation company's stock worth $17,870,000 after buying an additional 21,244 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Grupo Aeroportuario del Centro Norte by 732.8% in the first quarter. Envestnet Asset Management Inc. now owns 210,687 shares of the transportation company's stock worth $3,373,000 after buying an additional 185,387 shares during the last quarter. Nuveen Asset Management LLC raised its position in Grupo Aeroportuario del Centro Norte by 5.3% during the second quarter. Nuveen Asset Management LLC now owns 166,394 shares of the transportation company's stock valued at $14,117,000 after acquiring an additional 8,326 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Grupo Aeroportuario del Centro Norte by 70.1% in the second quarter. Millennium Management LLC now owns 149,461 shares of the transportation company's stock valued at $7,655,000 after acquiring an additional 61,611 shares during the last quarter. Hedge funds and other institutional investors own 9.53% of the company's stock.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of OMAB stock traded down $0.20 during trading on Friday, reaching $75.10. The company had a trading volume of 13,164 shares, compared to its average volume of 56,949. The firm's 50 day simple moving average is $74.06 and its two-hundred day simple moving average is $72.66. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a one year low of $50.23 and a one year high of $100.21. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.02 and a quick ratio of 1.86. The company has a market capitalization of $3.23 billion, a PE ratio of 12.58, a PEG ratio of 4.54 and a beta of 1.40.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The transportation company reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.34 by $0.19. Grupo Aeroportuario del Centro Norte had a net margin of 34.70% and a return on equity of 59.61%. The business had revenue of $211.59 million during the quarter. Sell-side analysts forecast that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.52 earnings per share for the current year.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised their price target on shares of Grupo Aeroportuario del Centro Norte from $79.00 to $94.00 and gave the company a "buy" rating in a report on Friday, January 26th.

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.