Russell Investments Group Ltd. increased its stake in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) by 33.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 303,514 shares of the transportation company’s stock after buying an additional 75,440 shares during the period. Russell Investments Group Ltd.’s holdings in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. were worth $14,620,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Aperio Group LLC boosted its position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 4.4% in the second quarter. Aperio Group LLC now owns 16,256 shares of the transportation company’s stock valued at $783,000 after buying an additional 681 shares in the last quarter. Bank of Montreal Can boosted its position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 0.4% in the second quarter. Bank of Montreal Can now owns 14,011 shares of the transportation company’s stock valued at $675,000 after buying an additional 52 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. during the first quarter valued at approximately $168,000. Jane Street Group LLC bought a new position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. during the first quarter valued at approximately $334,000. Finally, Morgan Stanley boosted its position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 75.9% in the first quarter. Morgan Stanley now owns 145,345 shares of the transportation company’s stock valued at $6,276,000 after buying an additional 62,713 shares in the last quarter. Institutional investors and hedge funds own 14.29% of the company’s stock.

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ OMAB) traded up 1.62% during midday trading on Friday, hitting $48.38. 63,771 shares of the company traded hands. The stock’s 50-day moving average is $49.49 and its 200-day moving average is $43.44. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 12-month low of $30.05 and a 12-month high of $53.58. The firm has a market capitalization of $2.38 billion, a PE ratio of 21.52 and a beta of 0.95.

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) last posted its earnings results on Thursday, July 20th. The transportation company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.01. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. had a net margin of 30.85% and a return on equity of 30.38%. The firm had revenue of $93.71 million for the quarter. Analysts anticipate that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post $2.37 EPS for the current fiscal year.

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Several research firms have recently commented on OMAB. BidaskClub cut shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a “strong-buy” rating to a “buy” rating in a report on Thursday. Zacks Investment Research raised shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a “hold” rating to a “strong-buy” rating and set a $60.00 price objective for the company in a research note on Tuesday, July 25th. Morgan Stanley lowered shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $48.00 to $46.10 in a research note on Tuesday, May 30th. UBS AG lowered shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 17th. Finally, Bank of America Corporation raised shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 16th. Six analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. currently has an average rating of “Buy” and a consensus target price of $69.78.

About Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

Grupo Aeroportuario del Centro Norte, SAB. de C.V. is a holding company. The Company, through its subsidiaries, holds concessions to operate, maintain and develop over 10 airports in Mexico. The Company’s segments include Metropolitan, Tourist, Regional, Border, Hotel and Other. The Company also engages in various commercial and diversification activities conducted at its airports, such as the leasing of space to restaurants and retailers, the operation of parking facilities, and the operation of the NH Terminal 2 Hotel and the Hilton Garden Inn Hotel at the Monterrey airport.

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Institutional Ownership by Quarter for Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB)

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