abrdn plc Purchases 36,763 Shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

abrdn plc lifted its stake in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 19.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 226,535 shares of the transportation company's stock after acquiring an additional 36,763 shares during the period. abrdn plc owned 0.53% of Grupo Aeroportuario del Centro Norte worth $19,172,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OMAB. Azimuth Capital Investment Management LLC raised its holdings in Grupo Aeroportuario del Centro Norte by 68.8% in the 3rd quarter. Azimuth Capital Investment Management LLC now owns 92,360 shares of the transportation company's stock valued at $8,027,000 after acquiring an additional 37,635 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Grupo Aeroportuario del Centro Norte by 12.4% in the third quarter. Mackenzie Financial Corp now owns 76,364 shares of the transportation company's stock valued at $6,491,000 after purchasing an additional 8,426 shares during the period. American Century Companies Inc. increased its stake in Grupo Aeroportuario del Centro Norte by 5.8% in the third quarter. American Century Companies Inc. now owns 59,648 shares of the transportation company's stock valued at $5,184,000 after purchasing an additional 3,286 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Grupo Aeroportuario del Centro Norte during the third quarter worth about $5,162,000. Finally, Envestnet Asset Management Inc. boosted its stake in Grupo Aeroportuario del Centro Norte by 25.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 43,233 shares of the transportation company's stock worth $3,757,000 after buying an additional 8,902 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 Up 5.2 %

Shares of OMAB stock traded up $4.20 on Thursday, hitting $85.26. The stock had a trading volume of 48,754 shares, compared to its average volume of 54,571. The stock's 50 day moving average is $74.42 and its 200-day moving average is $72.91. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 13.58, a P/E/G ratio of 4.77 and a beta of 1.40. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a 52-week low of $50.23 and a 52-week high of $100.21. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.86 and a current ratio of 2.02.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The transportation company reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.34 by $0.19. The company had revenue of $211.59 million during the quarter. Grupo Aeroportuario del Centro Norte had a net margin of 34.70% and a return on equity of 59.61%. As a group, research analysts expect that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.7 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lifted 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 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.