Canada Pension Plan Investment Board Buys New Position in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Canada Pension Plan Investment Board purchased a new position in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 23,100 shares of the transportation company’s stock, valued at approximately $1,563,000. Canada Pension Plan Investment Board owned approximately 0.05% of Grupo Aeroportuario del Centro Norte as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of OMAB. Parallel Advisors LLC lifted its position in shares of Grupo Aeroportuario del Centro Norte by 726.8% during the fourth quarter. Parallel Advisors LLC now owns 339 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 298 shares in the last quarter. Mather Group LLC. bought a new position in shares of Grupo Aeroportuario del Centro Norte in the first quarter valued at approximately $34,000. Blue Trust Inc. boosted its position in shares of Grupo Aeroportuario del Centro Norte by 565.3% in the second quarter. Blue Trust Inc. now owns 1,131 shares of the transportation company’s stock valued at $77,000 after acquiring an additional 961 shares during the period. Barometer Capital Management Inc. bought a new position in shares of Grupo Aeroportuario del Centro Norte in the fourth quarter valued at approximately $118,000. Finally, Virtu Financial LLC bought a new stake in Grupo Aeroportuario del Centro Norte during the first quarter valued at approximately $202,000. 9.53% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario del Centro Norte Trading Down 1.8 %

Grupo Aeroportuario del Centro Norte stock opened at $69.22 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.35. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a 12-month low of $50.23 and a 12-month high of $95.85. The firm has a 50 day moving average of $66.70 and a 200 day moving average of $73.31. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 11.59, a P/E/G ratio of 3.92 and a beta of 1.32.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its earnings results on Thursday, July 25th. The transportation company reported $1.45 earnings per share for the quarter, beating 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 net margin of 35.08% and a return on equity of 53.36%. As a group, research analysts predict that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 6.02 earnings per share for the current year.

Analysts Set New Price Targets

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

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.