Advisors Capital Management LLC Acquires 4,935 Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Advisors Capital Management LLC raised its stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) by 14.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,978 shares of the transportation company’s stock after acquiring an additional 4,935 shares during the period. Advisors Capital Management LLC owned approximately 0.09% of Grupo Aeroportuario del Centro Norte worth $3,945,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Grupo Aeroportuario del Centro Norte by 0.5% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,072 shares of the transportation company’s stock valued at $2,329,000 after acquiring an additional 115 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Grupo Aeroportuario del Centro Norte by 34.5% in the 3rd quarter. Blue Trust Inc. now owns 491 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 126 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of 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 buying an additional 153 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Grupo Aeroportuario del Centro Norte by 288.3% in the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock worth $39,000 after purchasing an additional 271 shares during the period. Finally, ProShare Advisors LLC grew its stake in shares of Grupo Aeroportuario del Centro Norte by 8.0% in the 2nd 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 during the period. 9.53% of the stock is owned by institutional investors.

Grupo Aeroportuario del Centro Norte Stock Performance

Grupo Aeroportuario del Centro Norte stock opened at $131.58 on Thursday. The firm has a market cap of $5.60 billion, a P/E ratio of 23.29, a P/E/G ratio of 2.03 and a beta of 0.74. 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 $133.29. The firm has a 50-day moving average of $114.85 and a 200-day moving average of $108.13. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.17.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, January 9th. Wall Street Zen upgraded shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Finally, Zacks Research raised shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Grupo Aeroportuario del Centro Norte has a consensus rating of “Hold” and a consensus target price of $106.00.

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.