Creative Planning Buys 933 Shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Creative Planning increased its stake in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) by 21.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,377 shares of the transportation company’s stock after purchasing an additional 933 shares during the period. Creative Planning’s holdings in Grupo Aeroportuario del Centro Norte were worth $365,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of OMAB. 1832 Asset Management L.P. bought a new position in shares of Grupo Aeroportuario del Centro Norte in the second quarter worth $11,318,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Grupo Aeroportuario del Centro Norte by 355.1% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 53,700 shares of the transportation company’s stock worth $3,633,000 after purchasing an additional 41,900 shares during the period. Duff & Phelps Investment Management Co. bought a new position in shares of Grupo Aeroportuario del Centro Norte in the second quarter worth $2,300,000. Marshall Wace LLP increased its position in shares of Grupo Aeroportuario del Centro Norte by 78.1% in the second quarter. Marshall Wace LLP now owns 69,809 shares of the transportation company’s stock worth $4,723,000 after purchasing an additional 30,604 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in shares of Grupo Aeroportuario del Centro Norte in the second quarter worth $1,563,000. Institutional investors own 9.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on OMAB. Morgan Stanley upgraded Grupo Aeroportuario del Centro Norte from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $82.00 to $77.00 in a research report on Friday, September 6th. Scotiabank raised Grupo Aeroportuario del Centro Norte from a “sector underperform” rating to a “sector perform” rating in a research note on Wednesday, September 25th. Finally, StockNews.com lowered Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th.

Grupo Aeroportuario del Centro Norte Stock Performance

NASDAQ:OMAB opened at $67.94 on Friday. The stock’s 50-day simple moving average is $67.88 and its 200 day simple moving average is $71.48. The firm has a market capitalization of $2.89 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 3.92 and a beta of 1.31. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.16. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a twelve month low of $58.85 and a twelve month high of $90.53.

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.