Marshall Financial Group LLC Makes New Investment in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Marshall Financial Group LLC purchased a new stake in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,097 shares of the transportation company’s stock, valued at approximately $772,000.

A number of other hedge funds have also modified their holdings of OMAB. Triumph Capital Management purchased a new stake in shares of Grupo Aeroportuario del Centro Norte in the third quarter worth $30,000. EverSource Wealth Advisors LLC lifted its stake in shares of Grupo Aeroportuario del Centro Norte by 288.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock valued at $39,000 after buying an additional 271 shares in the last quarter. Mather Group LLC. purchased a new position in shares of Grupo Aeroportuario del Centro Norte during the 3rd quarter valued at $42,000. Blue Trust Inc. boosted its holdings in 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 worth $51,000 after buying an additional 126 shares during the period. Finally, Quantbot Technologies LP bought a new position in Grupo Aeroportuario del Centro Norte in the 2nd quarter worth $56,000. 9.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

OMAB has been the topic of a number of recent analyst reports. Wall Street Zen cut Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, January 9th. Finally, Zacks Research cut Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $106.00.

Grupo Aeroportuario del Centro Norte Price Performance

OMAB stock opened at $108.82 on Tuesday. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a one year low of $70.24 and a one year high of $134.99. The company’s fifty day moving average price is $117.76 and its 200-day moving average price is $109.87. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $4.63 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last issued its earnings results on Tuesday, February 24th. The transportation company reported $1.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.25). The company had revenue of $228.23 million for the quarter, compared to the consensus estimate of $241.63 million. Grupo Aeroportuario del Centro Norte had a return on equity of 54.36% and a net margin of 33.46%. On average, equities analysts anticipate that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 5.53 EPS for the current fiscal year.

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.