Here's What Boosted Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) in Q1
In its first quarter 2025 investor letter, Middle Coast Investing emphasized stocks such as Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB). Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) operates, and maintains airports in Mexico. The one-month return of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) was -1.07%, and its shares gained 5.43% of their value over the last 52 weeks. On April 15, 2025, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) stock closed at $80.25 per share with a market capitalization of $3.879 billion.
Middle Coast Investing stated the following regarding Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) in its Q1 2025 investor letter:
"Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) has also put up impressive numbers so far this year. Passenger growth is up 9.1% in the first three months of the year, well ahead of its Mexican airport peers. All the idiosyncratic problems of the past couple years – Hurricane Otis affecting Acapulco, airplane engine issues in Mexico – are now in the comparable numbers for OMAB to beat.
A daytime aerial view of an airport bustling with planes and staff.
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 6 hedge fund portfolios held Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) at the end of the fourth quarter which was 9 in the previous quarter. While we acknowledge the potential of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
We covered Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) in another article, where we shared the list of best airport stocks to invest in. Middle Coast Investing meaningfully increased its stake in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) in the previous quarter. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors.
READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks.
Disclosure: None. This article is originally published at Insider Monkey.
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