BlackRock Inc. Has $22.80 Million Position in Grupo Aeroportuario Centro Norte (OMAB)

BlackRock Inc. increased its holdings in Grupo Aeroportuario Centro Norte (NASDAQ:OMAB) by 12.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 549,698 shares of the transportation company’s stock after purchasing an additional 59,457 shares during the quarter. BlackRock Inc. owned 1.12% of Grupo Aeroportuario Centro Norte worth $22,801,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in OMAB. Boston Partners purchased a new position in Grupo Aeroportuario Centro Norte in the fourth quarter worth approximately $3,408,000. Naples Global Advisors LLC grew its position in Grupo Aeroportuario Centro Norte by 13.5% in the fourth quarter. Naples Global Advisors LLC now owns 10,525 shares of the transportation company’s stock worth $437,000 after acquiring an additional 1,250 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Grupo Aeroportuario Centro Norte by 3,106.1% in the third quarter. JPMorgan Chase & Co. now owns 23,661 shares of the transportation company’s stock worth $1,060,000 after acquiring an additional 22,923 shares during the period. 13.89% of the stock is owned by institutional investors.

Several brokerages recently weighed in on OMAB. BidaskClub upgraded Grupo Aeroportuario Centro Norte from a “sell” rating to a “hold” rating in a research report on Friday. UBS upgraded Grupo Aeroportuario Centro Norte from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 7th. Zacks Investment Research upgraded Grupo Aeroportuario Centro Norte from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Tuesday, February 27th. Finally, Morgan Stanley upgraded Grupo Aeroportuario Centro Norte from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $46.03.

OMAB opened at $42.76 on Monday. Grupo Aeroportuario Centro Norte has a 52 week low of $37.45 and a 52 week high of $52.51. The firm has a market cap of $2,042.98, a PE ratio of 19.53, a PEG ratio of 5.33 and a beta of 0.64. The company has a quick ratio of 3.14, a current ratio of 3.17 and a debt-to-equity ratio of 0.63.

Grupo Aeroportuario Centro Norte (NASDAQ:OMAB) last released its quarterly earnings results on Thursday, February 22nd. The transportation company reported $0.64 EPS for the quarter. Grupo Aeroportuario Centro Norte had a return on equity of 31.67% and a net margin of 29.96%. The business had revenue of $99.58 million during the quarter. equities research analysts predict that Grupo Aeroportuario Centro Norte will post 2.6 earnings per share for the current fiscal year.

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About Grupo Aeroportuario Centro Norte

Grupo Aeroportuario del Centro Norte, S. A. B. de C. V., through its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. It also operates NH Collection Hotel in Terminal 2 of the Mexico City International Airport; and a hotel under the Hilton Garden Inn name at the Monterrey Airport.

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Institutional Ownership by Quarter for Grupo Aeroportuario Centro Norte (NASDAQ:OMAB)

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