Allianz Asset Management GmbH Purchases New Position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Allianz Asset Management GmbH purchased a new position in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,069 shares of the transportation company’s stock, valued at approximately $734,000.

A number of other large investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its position in Grupo Aeroportuario del Centro Norte by 2.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 171,433 shares of the transportation company’s stock valued at $18,086,000 after acquiring an additional 4,638 shares during the period. American Century Companies Inc. grew its stake in shares of Grupo Aeroportuario del Centro Norte by 18.4% in the second quarter. American Century Companies Inc. now owns 115,744 shares of the transportation company’s stock worth $12,211,000 after purchasing an additional 18,028 shares during the last quarter. AQR Capital Management LLC increased its holdings in Grupo Aeroportuario del Centro Norte by 63.4% in the second quarter. AQR Capital Management LLC now owns 102,050 shares of the transportation company’s stock valued at $10,766,000 after purchasing an additional 39,581 shares during the period. Militia Capital Partners LP raised its position in Grupo Aeroportuario del Centro Norte by 60.8% during the 2nd quarter. Militia Capital Partners LP now owns 78,252 shares of the transportation company’s stock worth $8,256,000 after purchasing an additional 29,600 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Grupo Aeroportuario del Centro Norte by 36.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 52,621 shares of the transportation company’s stock worth $5,552,000 after purchasing an additional 14,149 shares during the last quarter. 9.53% of the stock is currently owned by institutional investors.

Grupo Aeroportuario del Centro Norte Price Performance

Shares of NASDAQ:OMAB opened at $128.15 on Friday. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a twelve month low of $70.24 and a twelve month high of $130.09. The stock’s 50 day moving average is $113.16 and its 200-day moving average is $107.60. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 1.94 and a beta of 0.74.

Wall Street Analyst Weigh In

OMAB has been the subject of a number of analyst reports. 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. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Friday, January 9th. Finally, Wall Street Zen lowered shares of Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $106.00.

Grupo Aeroportuario del Centro Norte Company Profile

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.