Russell Investments Group Ltd. Raises Stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB)

Russell Investments Group Ltd. boosted its position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) by 33.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 303,514 shares of the transportation company’s stock after buying an additional 75,440 shares during the period. Russell Investments Group Ltd. owned approximately 0.62% of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. worth $14,620,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. during the first quarter worth $168,000. Stevens Capital Management LP purchased a new stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. during the first quarter worth $218,000. Opus Capital Group LLC purchased a new stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. during the first quarter worth $307,000. Jane Street Group LLC purchased a new stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. during the first quarter worth $334,000. Finally, Advisors Asset Management Inc. boosted its stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 25.0% in the first quarter. Advisors Asset Management Inc. now owns 7,768 shares of the transportation company’s stock worth $335,000 after buying an additional 1,554 shares in the last quarter. Institutional investors and hedge funds own 14.29% of the company’s stock.

Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMAB) traded up 1.62% during midday trading on Friday, reaching $48.38. The company’s stock had a trading volume of 63,771 shares. The stock has a market capitalization of $2.38 billion, a PE ratio of 21.52 and a beta of 0.95. The stock’s 50 day moving average is $49.49 and its 200 day moving average is $43.44. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 12 month low of $30.05 and a 12 month high of $53.58.

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) last posted its quarterly earnings data on Thursday, July 20th. The transportation company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.01. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. had a net margin of 30.85% and a return on equity of 30.38%. The firm had revenue of $93.71 million for the quarter. On average, analysts forecast that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post $2.37 EPS for the current fiscal year.

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A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Saturday, May 6th. Morgan Stanley cut Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $48.00 to $46.10 in a report on Tuesday, May 30th. UBS AG cut Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a “buy” rating to a “neutral” rating in a report on Wednesday, May 17th. Finally, BidaskClub upgraded Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $69.78.

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. Company Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V. is a holding company. The Company, through its subsidiaries, holds concessions to operate, maintain and develop over 10 airports in Mexico. The Company’s segments include Metropolitan, Tourist, Regional, Border, Hotel and Other. The Company also engages in various commercial and diversification activities conducted at its airports, such as the leasing of space to restaurants and retailers, the operation of parking facilities, and the operation of the NH Terminal 2 Hotel and the Hilton Garden Inn Hotel at the Monterrey airport.

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Institutional Ownership by Quarter for Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB)

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