Mission Wealth Management LP Purchases New Holdings in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Mission Wealth Management LP purchased a new stake in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,368 shares of the transportation company’s stock, valued at approximately $231,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. US Bancorp DE increased its holdings in shares of Grupo Aeroportuario del Centro Norte by 143.8% in the third quarter. US Bancorp DE now owns 507 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 299 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Grupo Aeroportuario del Centro Norte by 94.3% during the fourth quarter. Venturi Wealth Management LLC now owns 575 shares of the transportation company’s stock worth $39,000 after purchasing an additional 279 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Grupo Aeroportuario del Centro Norte by 41.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company’s stock worth $48,000 after purchasing an additional 200 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter worth $48,000. Finally, Barclays PLC bought a new position in shares of Grupo Aeroportuario del Centro Norte during the third quarter worth $72,000. Institutional investors and hedge funds own 9.53% of the company’s stock.

Wall Street Analyst Weigh In

OMAB has been the topic of several research reports. Bank of America cut shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to an “underperform” rating and set a $71.50 price objective on the stock. in a research report on Friday, November 15th. Jefferies Financial Group boosted their price target 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. One 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. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $82.50.

Grupo Aeroportuario del Centro Norte Stock Up 0.4 %

Shares of OMAB opened at $76.73 on Friday. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a 52 week low of $59.08 and a 52 week high of $90.53. The firm has a market cap of $3.26 billion, a P/E ratio of 13.53 and a beta of 1.25. The firm’s 50-day simple moving average is $76.22 and its 200 day simple moving average is $70.54. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.08.

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.