Grupo Aeroportuario del Centro Norte SAB de CV (NASDAQ:OMAB) reached a new 52-week high during trading on Monday . The company traded as high as $50.22 and last traded at $50.17, with a volume of 23,289 shares traded. The stock had previously closed at $49.03.

Separately, Zacks Investment Research downgraded shares of Grupo Aeroportuario del Centro Norte SAB de CV from a “buy” rating to a “hold” rating in a research report on Saturday.

The firm has a market cap of $2.46 billion and a price-to-earnings ratio of 30.55. The firm has a 50-day moving average of $47.48 and a 200 day moving average of $43.72.

An institutional investor recently raised its position in Grupo Aeroportuario del Centro Norte SAB de CV stock. Russell Frank Co raised its stake in Grupo Aeroportuario del Centro Norte SAB de CV (NASDAQ:OMAB) by 87.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 90,150 shares of the company’s stock after buying an additional 42,001 shares during the period. Russell Frank Co owned approximately 0.18% of Grupo Aeroportuario del Centro Norte SAB de CV worth $3,465,000 at the end of the most recent quarter.

Grupo Aeroportuario del Centro Norte, SAB. de C.V., (GACN) is a holding company and conducts all of its operations through its subsidiaries. Through its subsidiaries, it holds concessions to operate, maintain and develop airports in Mexico, which are concentrated in the country’s central and northern regions.

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