Published on 8 Oct 2024 on Insider Monkey · via Yahoo Finance
Middle Coast Investing Increased its position in Grupo Aeroportuario del Centro...
Middle Coast Investing, an investment advisor firm, released its third-quarter investor letter. A copy of the letter can be downloaded here. It was a frustrating quarter for the firm. The portfolio appreciated in the quarter but lagged the main indices and closer benchmarks. The portfolio’s price to earnings for the trailing 12 months (TTM) was 19.7. Cash and equivalents accounted for 17.1% of the portfolio at the end of the quarter, with an estimated average yield of 3%. This compares to 13.4% of the portfolio and a 3.9% yield at the end of Q2. In addition, please check the fund’s top five holdings to know its best picks in 2024.
Middle Coast Investing highlighted stocks like Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) in the third quarter 2024 investor letter. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) holds concessions to develop, operate, and maintain airports in Mexico. The one-month return of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) was 1.14%, and its shares lost 2.09% of their value over the last 52 weeks. On October 8, 2024, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) stock closed at $67.51 per share with a market capitalization of $3.317 billion.