Is Grupo Aeroportuario del Centro Nort(ADR) (OMAB) A Good Stock to Buy?

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Now, specific money managers have been driving this bullishness. Ellington assembled the most valuable position in Grupo Aeroportuario del Centro Nort(ADR) (NASDAQ:OMAB). Ellington had $0.2 million invested in the company at the end of the third quarter.

Let’s go over hedge fund activity in other stocks similar to Grupo Aeroportuario del Centro Nort(ADR) (NASDAQ:OMAB). We will take a look at HENNESS CAPITAL ACQUISITION CORP II (NASDAQ:HCAC), Ameresco Inc (NYSE:AMRC), Old Second Bancorp Inc. (NASDAQ:OSBC), and The Bancorp, Inc. (NASDAQ:TBBK). All of these stocks’ market caps are closest to OMAB’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
HCAC 15 45546 -1
AMRC 7 8289 0
OSBC 4 19998 -1
TBBK 11 64028 0

As you can see these stocks had an average of 9 hedge funds with bullish positions and the average amount invested in these stocks was $34 million. That figure was $24 million in OMAB’s case. HENNESS CAPITAL ACQUISITION CORP II (NASDAQ:HCAC) is the most popular stock in this table. On the other hand Old Second Bancorp Inc. (NASDAQ:OSBC) is the least popular one with only 4 bullish hedge fund positions. Grupo Aeroportuario del Centro Nort(ADR) (NASDAQ:OMAB) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard HCAC might be a better candidate to consider taking a long position in.

Disclosure: None

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