Caprock Group LLC Buys Shares of 7,588 Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Caprock Group LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,588 shares of the transportation company’s stock, valued at approximately $776,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. raised its stake in Grupo Aeroportuario del Centro Norte by 0.5% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,072 shares of the transportation company’s stock worth $2,329,000 after acquiring an additional 115 shares in the last quarter. Blue Trust Inc. increased its position in Grupo Aeroportuario del Centro Norte by 34.5% during the 3rd quarter. Blue Trust Inc. now owns 491 shares of the transportation company’s stock worth $51,000 after purchasing an additional 126 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Grupo Aeroportuario del Centro Norte by 3.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,595 shares of the transportation company’s stock worth $485,000 after purchasing an additional 153 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Grupo Aeroportuario del Centro Norte by 288.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 271 shares during the last quarter. Finally, ProShare Advisors LLC boosted its position in Grupo Aeroportuario del Centro Norte by 8.0% in the second quarter. ProShare Advisors LLC now owns 3,736 shares of the transportation company’s stock valued at $394,000 after buying an additional 278 shares in the last quarter. 9.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on OMAB. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, January 9th. Wall Street Zen raised Grupo Aeroportuario del Centro Norte from a “buy” rating to a “strong-buy” rating in a report on Sunday. Finally, Zacks Research upgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $106.00.

Grupo Aeroportuario del Centro Norte Stock Up 1.8%

Shares of NASDAQ:OMAB opened at $128.15 on Tuesday. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 1 year low of $70.24 and a 1 year high of $130.09. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.14 and a quick ratio of 1.14. The business’s 50-day moving average is $113.70 and its 200-day moving average is $107.79. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 22.68, a P/E/G ratio of 1.98 and a beta of 0.74.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V. (OMAB) is a Mexican airport operator that develops, manages and operates airports under long‐term concessions granted by the Federal Government of Mexico. The company’s core business covers all aspects of airport operations, including passenger processing, airfield services, security, ground handling, cargo handling and commercial activities such as retail, food and beverage, and parking.

OMA currently holds concession contracts for 13 airports in central and northern Mexico, serving key markets such as Monterrey, Ciudad Juárez, Culiacán, Hermosillo and Torreón.