Itau Unibanco Holding S.A. Makes New Investment in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Itau Unibanco Holding S.A. acquired a new stake in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,690 shares of the transportation company’s stock, valued at approximately $462,000.

Several other institutional investors have also modified their holdings of OMAB. Tower Research Capital LLC TRC lifted its stake in Grupo Aeroportuario del Centro Norte by 3,581.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company’s stock valued at $28,000 after buying an additional 394 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 94.3% during the fourth quarter. Venturi Wealth Management LLC now owns 575 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 279 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Grupo Aeroportuario del Centro Norte by 41.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 200 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of Grupo Aeroportuario del Centro Norte in the fourth quarter worth approximately $48,000. Finally, Barclays PLC purchased a new stake in shares of Grupo Aeroportuario del Centro Norte during the third quarter worth approximately $72,000. Institutional investors and hedge funds own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Trading Down 0.5 %

Shares of Grupo Aeroportuario del Centro Norte stock opened at $88.49 on Friday. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a 1-year low of $59.08 and a 1-year high of $92.39. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market cap of $3.76 billion, a P/E ratio of 15.61 and a beta of 0.88. The stock’s 50 day simple moving average is $79.82 and its 200-day simple moving average is $74.48.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last issued its earnings results on Tuesday, April 29th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.02. Grupo Aeroportuario del Centro Norte had a return on equity of 51.74% and a net margin of 35.31%. The company had revenue of $174.65 million during the quarter, compared to analysts’ expectations of $3.58 billion. Analysts predict that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised their price objective on Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $82.50.

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.