487,103 Shares in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Acquired by Fisher Funds Management LTD

Fisher Funds Management LTD acquired a new stake in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 487,103 shares of the transportation company’s stock, valued at approximately $33,617,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 6.6% during the 3rd quarter. State Street Corp now owns 316,425 shares of the transportation company’s stock worth $21,460,000 after buying an additional 19,683 shares in the last quarter. abrdn plc grew its position in Grupo Aeroportuario del Centro Norte by 1.4% in the fourth quarter. abrdn plc now owns 170,233 shares of the transportation company’s stock valued at $11,723,000 after acquiring an additional 2,279 shares during the last quarter. National Bank of Canada FI raised its stake in Grupo Aeroportuario del Centro Norte by 130,579.6% during the third quarter. National Bank of Canada FI now owns 121,532 shares of the transportation company’s stock worth $8,242,000 after acquiring an additional 121,439 shares in the last quarter. ABS Direct Equity Fund LLC lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 165.0% in the fourth quarter. ABS Direct Equity Fund LLC now owns 36,700 shares of the transportation company’s stock worth $2,519,000 after acquiring an additional 22,850 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 38.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 25,421 shares of the transportation company’s stock valued at $1,724,000 after purchasing an additional 7,072 shares in the last quarter. 9.53% of the stock is currently owned by institutional investors.

Grupo Aeroportuario del Centro Norte Stock Performance

Grupo Aeroportuario del Centro Norte stock opened at $79.89 on Friday. The business has a 50 day moving average of $75.58 and a 200-day moving average of $69.91. The company has a market capitalization of $3.40 billion, a P/E ratio of 14.09 and a beta of 1.28. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a 1 year low of $59.08 and a 1 year high of $90.53. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 1.08.

Analyst Ratings Changes

OMAB has been the subject of a number of research analyst reports. Jefferies Financial Group upped their price objective on shares of Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Bank of America downgraded shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to an “underperform” rating and set a $71.50 price target for the company. in a report on Friday, November 15th. 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $82.50.

Grupo Aeroportuario del Centro Norte Company 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.