Militia Capital Partners LP Buys 4,794 Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Militia Capital Partners LP raised its stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) by 6.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 83,046 shares of the transportation company’s stock after acquiring an additional 4,794 shares during the period. Grupo Aeroportuario del Centro Norte comprises about 4.1% of Militia Capital Partners LP’s investment portfolio, making the stock its largest position. Militia Capital Partners LP owned 0.20% of Grupo Aeroportuario del Centro Norte worth $8,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the stock. Jane Street Group LLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the 1st quarter worth about $591,000. ProShare Advisors LLC lifted its holdings in Grupo Aeroportuario del Centro Norte by 8.0% during the 2nd quarter. ProShare Advisors LLC now owns 3,736 shares of the transportation company’s stock valued at $394,000 after purchasing an additional 278 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Grupo Aeroportuario del Centro Norte by 306.5% in the second quarter. PNC Financial Services Group Inc. now owns 565 shares of the transportation company’s stock valued at $60,000 after buying an additional 426 shares in the last quarter. Creative Planning boosted its position in Grupo Aeroportuario del Centro Norte by 11.4% in the second quarter. Creative Planning now owns 7,438 shares of the transportation company’s stock valued at $785,000 after buying an additional 764 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in Grupo Aeroportuario del Centro Norte during the second quarter worth about $5,269,000. 9.53% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Centro Norte Price Performance

OMAB opened at $108.75 on Tuesday. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a one year low of $70.24 and a one year high of $134.99. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.14 and a quick ratio of 1.14. The company’s 50 day simple moving average is $118.01 and its 200-day simple moving average is $109.65. The stock has a market capitalization of $4.63 billion, a P/E ratio of 18.53, a price-to-earnings-growth ratio of 1.24 and a beta of 0.74.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings data on Tuesday, February 24th. The transportation company reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.25). Grupo Aeroportuario del Centro Norte had a return on equity of 54.36% and a net margin of 33.46%.The company had revenue of $228.23 million during the quarter, compared to the consensus estimate of $241.63 million. Sell-side analysts anticipate that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 5.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Zacks Research cut shares of Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Wall Street Zen cut Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, January 9th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $106.00.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V. (OMAB) is a Mexican airport operator that develops, manages and operates airports under long‐term concessions granted by the Federal Government of Mexico. The company’s core business covers all aspects of airport operations, including passenger processing, airfield services, security, ground handling, cargo handling and commercial activities such as retail, food and beverage, and parking.

OMA currently holds concession contracts for 13 airports in central and northern Mexico, serving key markets such as Monterrey, Ciudad Juárez, Culiacán, Hermosillo and Torreón.