Malaga Cove Capital LLC Raises Stake in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Malaga Cove Capital LLC raised its stake in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) by 5.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 20,520 shares of the transportation company’s stock after acquiring an additional 1,016 shares during the period. Malaga Cove Capital LLC’s holdings in Grupo Aeroportuario del Centro Norte were worth $1,408,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in Grupo Aeroportuario del Centro Norte by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 5,140 shares of the transportation company’s stock valued at $353,000 after purchasing an additional 126 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Grupo Aeroportuario del Centro Norte by 41.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 200 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Grupo Aeroportuario del Centro Norte by 94.3% in the fourth quarter. Venturi Wealth Management LLC now owns 575 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 279 shares during the last quarter. Sanders Morris Harris LLC raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 8.8% during the fourth quarter. Sanders Morris Harris LLC now owns 3,700 shares of the transportation company’s stock valued at $257,000 after acquiring an additional 300 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 3.4% during the fourth quarter. Rhumbline Advisers now owns 9,534 shares of the transportation company’s stock valued at $654,000 after acquiring an additional 317 shares in the last quarter. Institutional investors own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Price Performance

OMAB opened at $98.80 on Wednesday. The stock has a fifty day simple moving average of $82.63 and a two-hundred day simple moving average of $75.98. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 17.43 and a beta of 0.90. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a 12-month low of $59.08 and a 12-month high of $101.22.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.02. The business had revenue of $174.65 million during the quarter, compared to the consensus estimate of $3.58 billion. Grupo Aeroportuario del Centro Norte had a return on equity of 51.74% and a net margin of 35.31%. Research analysts predict that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upped their target price on Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $82.50.

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.