Allspring Global Investments Holdings LLC Sells 18,531 Shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Allspring Global Investments Holdings LLC cut its stake in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) by 49.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,321 shares of the transportation company’s stock after selling 18,531 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Grupo Aeroportuario del Centro Norte were worth $1,307,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of OMAB. INCA Investments LLC increased its holdings in Grupo Aeroportuario del Centro Norte by 17.4% during the 1st quarter. INCA Investments LLC now owns 389,840 shares of the transportation company’s stock worth $30,832,000 after acquiring an additional 57,709 shares during the period. National Bank of Canada FI raised its position in shares of Grupo Aeroportuario del Centro Norte by 63.9% in the fourth quarter. National Bank of Canada FI now owns 114,214 shares of the transportation company’s stock worth $9,299,000 after buying an additional 44,546 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Grupo Aeroportuario del Centro Norte by 132.5% in the fourth quarter. BNP Paribas Financial Markets now owns 33,515 shares of the transportation company’s stock worth $2,836,000 after buying an additional 19,097 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new stake in Grupo Aeroportuario del Centro Norte during the fourth quarter valued at $1,132,000. Finally, Anthracite Investment Company Inc. purchased a new position in Grupo Aeroportuario del Centro Norte during the fourth quarter worth about $899,000. 9.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Scotiabank cut Grupo Aeroportuario del Centro Norte from a “sector perform” rating to a “sector underperform” rating in a report on Wednesday, May 15th. StockNews.com downgraded shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th.

Grupo Aeroportuario del Centro Norte Stock Down 2.9 %

Shares of NASDAQ:OMAB opened at $62.18 on Wednesday. The firm has a market capitalization of $2.65 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 3.49 and a beta of 1.33. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.86 and a current ratio of 0.86. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a 52-week low of $50.23 and a 52-week high of $100.21. The firm has a fifty day moving average of $66.79 and a 200 day moving average of $73.42.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings data on Thursday, July 25th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.21. The firm had revenue of $203.24 million during the quarter. Grupo Aeroportuario del Centro Norte had a return on equity of 53.36% and a net margin of 35.08%. As a group, research analysts anticipate that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.98 EPS 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.