Duff & Phelps Investment Management Co. Acquires Shares of 34,000 Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Duff & Phelps Investment Management Co. bought a new position in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) in the second quarter, HoldingsChannel reports. The institutional investor bought 34,000 shares of the transportation company’s stock, valued at approximately $2,300,000.

Other hedge funds also recently modified their holdings of the company. Parallel Advisors LLC lifted its holdings in Grupo Aeroportuario del Centro Norte by 726.8% during the 4th quarter. Parallel Advisors LLC now owns 339 shares of the transportation company’s stock worth $29,000 after purchasing an additional 298 shares during the last quarter. Barometer Capital Management Inc. acquired a new stake in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter worth $118,000. Napa Wealth Management bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the fourth quarter valued at about $563,000. B. Riley Wealth Advisors Inc. grew its stake in shares of Grupo Aeroportuario del Centro Norte by 13.9% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 5,164 shares of the transportation company’s stock valued at $437,000 after acquiring an additional 630 shares in the last quarter. Finally, Mather Group LLC. bought a new position in Grupo Aeroportuario del Centro Norte during the first quarter worth about $34,000. Institutional investors and hedge funds own 9.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. StockNews.com downgraded shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Scotiabank upgraded Grupo Aeroportuario del Centro Norte from a “sector underperform” rating to a “sector perform” rating in a research note on Wednesday. Finally, Morgan Stanley upgraded Grupo Aeroportuario del Centro Norte from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $82.00 to $77.00 in a research note on Friday, September 6th.

Grupo Aeroportuario del Centro Norte Stock Down 1.1 %

NASDAQ OMAB opened at $68.48 on Friday. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a fifty-two week low of $50.23 and a fifty-two week high of $95.85. The business has a fifty day moving average price of $66.65 and a two-hundred day moving average price of $73.36. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $2.91 billion, a PE ratio of 11.47, a PEG ratio of 3.96 and a beta of 1.32.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last released its quarterly earnings data on Thursday, July 25th. The transportation company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.21. Grupo Aeroportuario del Centro Norte had a return on equity of 53.36% and a net margin of 35.08%. The business had revenue of $203.24 million for the quarter. Equities analysts expect that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 6.02 earnings per share for the current fiscal year.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities.