INCA Investments LLC Acquires 30,987 Shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

INCA Investments LLC grew its stake in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 10.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 332,131 shares of the transportation company's stock after acquiring an additional 30,987 shares during the period. Grupo Aeroportuario del Centro Norte comprises about 12.4% of INCA Investments LLC's portfolio, making the stock its 4th largest holding. INCA Investments LLC owned 0.77% of Grupo Aeroportuario del Centro Norte worth $28,108,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. abrdn plc lifted its position in shares of Grupo Aeroportuario del Centro Norte by 19.4% in the 4th quarter. abrdn plc now owns 226,535 shares of the transportation company's stock valued at $19,172,000 after acquiring an additional 36,763 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Grupo Aeroportuario del Centro Norte by 0.5% in the fourth quarter. Russell Investments Group Ltd. now owns 116,322 shares of the transportation company's stock worth $9,844,000 after buying an additional 602 shares during the period. Azimuth Capital Investment Management LLC boosted its position in shares of Grupo Aeroportuario del Centro Norte by 68.8% in the third quarter. Azimuth Capital Investment Management LLC now owns 92,360 shares of the transportation company's stock worth $8,027,000 after buying an additional 37,635 shares during the period. Mackenzie Financial Corp grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 12.4% during the third quarter. Mackenzie Financial Corp now owns 76,364 shares of the transportation company's stock valued at $6,491,000 after buying an additional 8,426 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Grupo Aeroportuario del Centro Norte by 5.8% during the third quarter. American Century Companies Inc. now owns 59,648 shares of the transportation company's stock valued at $5,184,000 after buying an additional 3,286 shares during the period. 9.53% of the stock is owned by institutional investors.

Grupo Aeroportuario del Centro Norte Stock Up 0.8 %

Grupo Aeroportuario del Centro Norte stock traded up $0.69 during trading hours on Monday, hitting $88.81. The company had a trading volume of 28,368 shares, compared to its average volume of 54,297. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a fifty-two week low of $50.23 and a fifty-two week 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 firm has a market capitalization of $3.82 billion, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 5.15 and a beta of 1.39. The firm's fifty day moving average is $75.30 and its 200-day moving average is $73.36.

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

Analyst Ratings Changes

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

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.

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