Ajo LP reduced its stake in Grupo Aeroportuario del Centro Norte SAB de CV (NASDAQ:OMAB) by 51.0% during the second quarter, Holdings Channel reports. The firm owned 22,877 shares of the company’s stock after selling 23,791 shares during the period. Ajo LP’s holdings in Grupo Aeroportuario del Centro Norte SAB de CV were worth $1,085,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mckinley Capital Management LLC Delaware bought a new position in Grupo Aeroportuario del Centro Norte SAB de CV during the second quarter valued at about $184,000. Mirae Asset Global Investments Co. Ltd. raised its position in Grupo Aeroportuario del Centro Norte SAB de CV by 0.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,434 shares of the company’s stock valued at $248,000 after buying an additional 34 shares in the last quarter. Bank of Montreal Can bought a new position in Grupo Aeroportuario del Centro Norte SAB de CV during the second quarter valued at about $389,000. Geneva Advisors LLC raised its position in Grupo Aeroportuario del Centro Norte SAB de CV by 2.2% in the second quarter. Geneva Advisors LLC now owns 8,641 shares of the company’s stock valued at $410,000 after buying an additional 190 shares in the last quarter. Finally, Societe Generale bought a new position in Grupo Aeroportuario del Centro Norte SAB de CV during the second quarter valued at about $413,000. 10.94% of the stock is owned by hedge funds and other institutional investors.

Shares of Grupo Aeroportuario del Centro Norte SAB de CV (NASDAQ:OMAB) traded down 0.45% during mid-day trading on Wednesday, hitting $44.05. The stock had a trading volume of 7,764 shares. The company has a market capitalization of $2.16 billion, a P/E ratio of 27.12 and a beta of 1.11. Grupo Aeroportuario del Centro Norte SAB de CV has a 1-year low of $33.61 and a 1-year high of $53.58. The stock’s 50-day moving average price is $49.86 and its 200 day moving average price is $46.76.

Several research analysts have issued reports on OMAB shares. Zacks Investment Research upgraded Grupo Aeroportuario del Centro Norte SAB de CV from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Wednesday, June 29th. Citigroup Inc. lowered Grupo Aeroportuario del Centro Norte SAB de CV from a “buy” rating to a “neutral” rating in a research note on Monday, August 22nd. Scotiabank dropped their price objective on Grupo Aeroportuario del Centro Norte SAB de CV from $44.00 to $41.00 in a research note on Thursday, August 25th. Finally, Santander lowered Grupo Aeroportuario del Centro Norte SAB de CV from a “buy” rating to a “neutral” rating in a research note on Monday, September 12th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $48.67.

About Grupo Aeroportuario del Centro Norte SAB de CV

Grupo Aeroportuario del Centro Norte, SAB. de C.V., (GACN) is a holding company and conducts all of its operations through its subsidiaries. Through its subsidiaries, it holds concessions to operate, maintain and develop airports in Mexico, which are concentrated in the country’s central and northern regions.

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