Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its stake in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 145,881 shares of the transportation company’s stock after selling 1,049 shares during the period. Russell Investments Group Ltd. owned approximately 0.34% of Grupo Aeroportuario del Centro Norte worth $10,013,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in OMAB. Fisher Funds Management LTD purchased a new position in Grupo Aeroportuario del Centro Norte in the 4th quarter worth $33,617,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Grupo Aeroportuario del Centro Norte by 30.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 173,672 shares of the transportation company’s stock worth $11,921,000 after purchasing an additional 40,878 shares during the last quarter. ABS Direct Equity Fund LLC raised its stake 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 purchasing an additional 22,850 shares during the last quarter. State Street Corp lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 6.6% during the third quarter. State Street Corp now owns 316,425 shares of the transportation company’s stock worth $21,460,000 after purchasing an additional 19,683 shares during the period. Finally, Sage Investment Counsel LLC acquired a new position in Grupo Aeroportuario del Centro Norte in the 4th quarter worth approximately $480,000. 9.53% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Centro Norte Stock Up 1.4 %

Shares of OMAB stock opened at $79.46 on Friday. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a twelve month low of $59.08 and a twelve month high of $90.53. The stock has a market cap of $3.38 billion, a P/E ratio of 14.01 and a beta of 0.88. The stock has a 50 day moving average of $78.14 and a 200 day moving average of $72.82. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16.

Wall Street Analyst Weigh In

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

Grupo Aeroportuario del Centro Norte 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.