Renaissance Technologies LLC lowered its position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB – Free Report) by 3.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 156,200 shares of the transportation company’s stock after selling 5,000 shares during the quarter. Renaissance Technologies LLC owned about 0.37% of Grupo Aeroportuario del Centro Norte worth $17,921,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Triumph Capital Management acquired a new stake in Grupo Aeroportuario del Centro Norte in the 3rd quarter valued at approximately $30,000. EverSource Wealth Advisors LLC increased its stake in Grupo Aeroportuario del Centro Norte by 288.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock valued at $39,000 after buying an additional 271 shares during the period. Quantbot Technologies LP bought a new position in shares of Grupo Aeroportuario del Centro Norte in the second quarter valued at approximately $56,000. Atlas Capital Advisors Inc. bought a new position in Grupo Aeroportuario del Centro Norte during the 4th quarter valued at $61,000. Finally, Fifth Third Bancorp lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 22.3% in the fourth quarter. Fifth Third Bancorp now owns 791 shares of the transportation company’s stock valued at $86,000 after buying an additional 144 shares during the period. 9.53% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
OMAB has been the topic of several research reports. Zacks Research raised Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Wall Street Zen lowered shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. HSBC raised shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and lifted their target price for the company from $112.00 to $134.00 in a research note on Thursday, April 16th. JPMorgan Chase & Co. upgraded Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 22nd. Finally, Citigroup upgraded Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $134.00.
Grupo Aeroportuario del Centro Norte Stock Up 1.6%
Grupo Aeroportuario del Centro Norte stock opened at $108.09 on Friday. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 17.29, a P/E/G ratio of 1.38 and a beta of 0.60. The firm has a fifty day moving average price of $106.04 and a two-hundred day moving average price of $111.70. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a fifty-two week low of $95.69 and a fifty-two week high of $134.99. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.66 and a quick ratio of 1.12.
Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB – Get Free Report) last announced its earnings results on Monday, July 27th. The transportation company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.05). Grupo Aeroportuario del Centro Norte had a return on equity of 49.50% and a net margin of 33.17%.The company had revenue of $255.27 million for the quarter, compared to the consensus estimate of $227.38 million. As a group, analysts forecast that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 6.93 earnings per share for the current year.
Grupo Aeroportuario del Centro Norte Announces Dividend
The business also recently disclosed a dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Tuesday, May 26th were paid a $2.9165 dividend. This represents a dividend yield of 571.0%. The ex-dividend date was Tuesday, May 26th. Grupo Aeroportuario del Centro Norte’s dividend payout ratio is currently 85.12%.
Grupo Aeroportuario del Centro Norte Company Profile
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.
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