Parvin Asset Management LLC Invests $850,000 in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Parvin Asset Management LLC 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 its most recent filing with the SEC. The fund purchased 12,390 shares of the transportation company's stock, valued at approximately $850,000.

Several other hedge funds have also bought and sold shares of OMAB. Fisher Funds Management LTD purchased a new stake in shares of Grupo Aeroportuario del Centro Norte in the fourth quarter worth about $33,617,000. AQR Capital Management LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte in the fourth quarter valued at $6,660,000. Arrowstreet Capital Limited Partnership increased its position in Grupo Aeroportuario del Centro Norte by 30.8% in 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 during the last quarter. Uniplan Investment Counsel Inc. purchased a new stake in Grupo Aeroportuario del Centro Norte during the fourth quarter valued at $1,850,000. Finally, Northern Trust Corp lifted its position in Grupo Aeroportuario del Centro Norte by 643.4% during the fourth quarter. Northern Trust Corp now owns 29,893 shares of the transportation company's stock valued at $2,052,000 after purchasing an additional 25,872 shares during the last quarter. Hedge funds and other institutional investors own 9.53% of the company's stock.

Wall Street Analyst Weigh In

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

Grupo Aeroportuario del Centro Norte Trading Down 0.9 %

NASDAQ OMAB traded down $0.79 on Monday, hitting $87.63. 28,655 shares of the stock were exchanged, compared to its average volume of 69,523. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a 52-week low of $59.08 and a 52-week high of $92.39. The firm has a market capitalization of $3.73 billion, a P/E ratio of 15.43 and a beta of 0.90. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a fifty day moving average price of $80.05 and a two-hundred day moving average price of $74.70.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.30 earnings per share 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 for the quarter, compared to analyst estimates of $3.58 billion. Research analysts forecast that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.53 EPS for the current fiscal year.

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.