Renaissance Technologies LLC Lowers Position in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Renaissance Technologies LLC cut its holdings in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) by 29.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 339,131 shares of the transportation company’s stock after selling 143,669 shares during the quarter. Renaissance Technologies LLC’s holdings in Grupo Aeroportuario del Centro Norte were worth $17,706,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Grupo Aeroportuario del Centro Norte during the 1st quarter worth $202,000. Veracity Capital LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte during the 2nd quarter worth $221,000. Goldman Sachs Group Inc. purchased a new position in shares of Grupo Aeroportuario del Centro Norte during the 1st quarter worth $239,000. O Brien Greene & Co. Inc lifted its stake in Grupo Aeroportuario del Centro Norte by 30.8% during the 2nd quarter. O Brien Greene & Co. Inc now owns 5,230 shares of the transportation company’s stock worth $273,000 after acquiring an additional 1,230 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Grupo Aeroportuario del Centro Norte by 4.6% during the 1st quarter. Ameriprise Financial Inc. now owns 5,831 shares of the transportation company’s stock worth $294,000 after acquiring an additional 254 shares in the last quarter. Institutional investors and hedge funds own 9.12% of the company’s stock.

OMAB opened at $48.80 on Thursday. The stock’s 50-day moving average price is $48.36 and its 200 day moving average price is $50.08. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a 12-month low of $35.13 and a 12-month high of $60.53. The company has a current ratio of 3.97, a quick ratio of 3.97 and a debt-to-equity ratio of 0.44. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 36.42, a PEG ratio of 6.23 and a beta of 1.48.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings results on Tuesday, July 27th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The company had revenue of $109.04 million for the quarter. Grupo Aeroportuario del Centro Norte had a return on equity of 12.13% and a net margin of 21.01%. On average, research analysts forecast that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 2.62 earnings per share for the current year.

Separately, Zacks Investment Research lowered Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $52.20.

Grupo Aeroportuario del Centro Norte Company Profile

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.

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Institutional Ownership by Quarter for Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB)

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