Sage Investment Counsel LLC Invests $480,000 in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Sage Investment Counsel LLC purchased a new position in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 7,000 shares of the transportation company’s stock, valued at approximately $480,000.

Other large investors have also recently made changes to their positions in the company. US Bancorp DE raised its position in shares of Grupo Aeroportuario del Centro Norte by 143.8% in the 3rd quarter. US Bancorp DE now owns 507 shares of the transportation company’s stock worth $34,000 after acquiring an additional 299 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of Grupo Aeroportuario del Centro Norte by 94.3% in the 4th quarter. Venturi Wealth Management LLC now owns 575 shares of the transportation company’s stock worth $39,000 after acquiring an additional 279 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of Grupo Aeroportuario del Centro Norte in the 4th quarter worth $48,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Grupo Aeroportuario del Centro Norte by 41.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company’s stock worth $48,000 after acquiring an additional 200 shares in the last quarter. Finally, Barclays PLC bought a new position in shares of Grupo Aeroportuario del Centro Norte in the 3rd quarter worth $72,000. 9.53% of the stock is owned by institutional investors.

Grupo Aeroportuario del Centro Norte Trading Up 3.9 %

Shares of NASDAQ:OMAB opened at $77.23 on Friday. The business’s 50-day moving average is $76.00 and its 200 day moving average is $70.32. 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 firm has a market capitalization of $3.29 billion, a P/E ratio of 13.62 and a beta of 1.28. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 1.08.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on OMAB shares. Bank of America lowered Grupo Aeroportuario del Centro Norte from a “buy” rating to an “underperform” rating and set a $71.50 target price on the stock. in a research report on Friday, November 15th. 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 research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.