Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.'s (BMV:OMAB) high institutional ownership speaks for itself as stock continues to impress, up 3.1% over last week

Key Insights

• Significantly high institutional ownership implies Grupo Aeroportuario del Centro Norte. de's stock price is sensitive to their trading actions
• 50% of the business is held by the top 9 shareholders
• 15% of Grupo Aeroportuario del Centro Norte. de is held by insiders

A look at the shareholders of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (BMV:OMAB) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are institutions with 42% ownership. Put another way, the group faces the maximum upside potential (or downside risk).

Last week’s 3.1% gain means that institutional investors were on the positive end of the spectrum even as the company has shown strong longer-term trends. The gains from last week would have further boosted the one-year return to shareholders which currently stand at 41%.

In the chart below, we zoom in on the different ownership groups of Grupo Aeroportuario del Centro Norte. de.

Check out our latest analysis for Grupo Aeroportuario del Centro Norte. de

What Does The Institutional Ownership Tell Us About Grupo Aeroportuario del Centro Norte. de?

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.

As you can see, institutional investors have a fair amount of stake in Grupo Aeroportuario del Centro Norte. de. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Grupo Aeroportuario del Centro Norte. de's historic earnings and revenue below, but keep in mind there's always more to the story.

We note that hedge funds don't have a meaningful investment in Grupo Aeroportuario del Centro Norte. de. Looking at our data, we can see that the largest shareholder is David Martínez with 15% of shares outstanding. In comparison, the second and third largest shareholders hold about 15% and 4.7% of the stock.

We did some more digging and found that 9 of the top shareholders account for roughly 50% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.

Insider Ownership Of Grupo Aeroportuario del Centro Norte. de

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

It seems insiders own a significant proportion of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.. It has a market capitalization of just Mex$75b, and insiders have Mex$11b worth of shares in their own names. That's quite significant. Most would say this shows a good degree of alignment with shareholders, especially in a company of this size. You can click here to see if those insiders have been buying or selling.

General Public Ownership

With a 28% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Grupo Aeroportuario del Centro Norte. de. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

Public Company Ownership

It appears to us that public companies own 15% of Grupo Aeroportuario del Centro Norte. de. We can't be certain but it is quite possible this is a strategic stake. The businesses may be similar, or work together.

Next Steps:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Take risks for example - Grupo Aeroportuario del Centro Norte. de has 1 warning sign we think you should be aware of.

If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.