abrdn plc Grows Stock Holdings in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

abrdn plc raised its stake in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) by 19.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 226,535 shares of the transportation company’s stock after acquiring an additional 36,763 shares during the period. abrdn plc owned approximately 0.53% of Grupo Aeroportuario del Centro Norte worth $19,172,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in OMAB. Campbell & CO Investment Adviser LLC raised its stake in shares of Grupo Aeroportuario del Centro Norte by 202.2% during the third quarter. Campbell & CO Investment Adviser LLC now owns 14,050 shares of the transportation company’s stock worth $1,221,000 after purchasing an additional 9,400 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter worth about $3,203,000. Alpine Global Management LLC purchased a new position in Grupo Aeroportuario del Centro Norte during the third quarter worth about $375,000. Yorktown Management & Research Co Inc lifted its position in Grupo Aeroportuario del Centro Norte by 33.8% in the fourth quarter. Yorktown Management & Research Co Inc now owns 4,550 shares of the transportation company’s stock valued at $385,000 after purchasing an additional 1,150 shares during the period. Finally, Azimuth Capital Investment Management LLC boosted its holdings in Grupo Aeroportuario del Centro Norte by 68.8% in the 3rd quarter. Azimuth Capital Investment Management LLC now owns 92,360 shares of the transportation company’s stock valued at $8,027,000 after purchasing an additional 37,635 shares in the last quarter. 9.53% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of OMAB opened at $81.06 on Thursday. The company has a quick ratio of 1.86, a current ratio of 2.02 and a debt-to-equity ratio of 1.10. 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 company has a 50-day simple moving average of $74.42 and a 200-day simple moving average of $72.91. The company has a market capitalization of $3.49 billion, a PE ratio of 13.58, a P/E/G ratio of 4.77 and a beta of 1.40.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last issued its earnings results on Thursday, February 22nd. The transportation company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.19. Grupo Aeroportuario del Centro Norte had a net margin of 34.70% and a return on equity of 59.61%. The company had revenue of $211.59 million for the quarter. Equities research analysts predict that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised their price target on Grupo Aeroportuario del Centro Norte from $79.00 to $94.00 and gave the company a “buy” rating in a report on Friday, January 26th.

Grupo Aeroportuario del Centro Norte Profile

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.