Belpointe Asset Management LLC Takes $46,000 Position in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Belpointe Asset Management LLC acquired a new stake in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB – Get Rating) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 737 shares of the transportation company’s stock, valued at approximately $46,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada lifted its position in shares of Grupo Aeroportuario del Centro Norte by 62.7% in the third quarter. Royal Bank of Canada now owns 532 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 205 shares in the last quarter. Atlas Capital Advisors LLC acquired a new position in Grupo Aeroportuario del Centro Norte in the third quarter valued at $28,000. Tower Research Capital LLC TRC acquired a new position in Grupo Aeroportuario del Centro Norte in the third quarter valued at $47,000. Boston Partners acquired a new position in Grupo Aeroportuario del Centro Norte in the fourth quarter valued at $75,000. Finally, Quadrant Capital Group LLC increased its stake in Grupo Aeroportuario del Centro Norte by 77.2% in the third quarter. Quadrant Capital Group LLC now owns 1,855 shares of the transportation company’s stock valued at $93,000 after purchasing an additional 808 shares during the last quarter. 9.38% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Centro Norte Price Performance

OMAB stock opened at $84.49 on Thursday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 2.00 and a current ratio of 2.00. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a 1 year low of $46.53 and a 1 year high of $92.80. The firm has a market cap of $3.63 billion, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 6.66 and a beta of 1.34. The stock has a 50-day simple moving average of $86.52 and a 200-day simple moving average of $76.67.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. JPMorgan Chase & Co. lowered Grupo Aeroportuario del Centro Norte from a “neutral” rating to an “underweight” rating in a research note on Thursday, March 30th. Scotiabank upgraded Grupo Aeroportuario del Centro Norte from an “underperform” rating to a “sector perform” rating in a research note on Monday, March 13th. The Goldman Sachs Group upped their price target on Grupo Aeroportuario del Centro Norte from $64.00 to $76.00 and gave the stock a “buy” rating in a research note on Friday, March 3rd. StockNews.com began coverage on Grupo Aeroportuario del Centro Norte in a research note on Thursday, May 18th. They set a “buy” rating for the company. Finally, Citigroup began coverage on Grupo Aeroportuario del Centro Norte in a research note on Tuesday, April 18th. They set a “sell” rating for the company. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $67.00.

Grupo Aeroportuario del Centro Norte Profile

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Grupo Aeroportuario del Centro Norte SAB de CV is a holding company, which engages in operating and managing airports. It operates through the following segments: Metropolitan, Tourist, Regional, Border, Hotel, Industrial Park, and Other. The Metropolitan segment handles operations of the Monterrey airport.