Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its stake in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 13.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,999 shares of the transportation company's stock after selling 5,820 shares during the period. BNP Paribas Financial Markets owned 0.08% of Grupo Aeroportuario del Centro Norte worth $2,471,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in OMAB. Geode Capital Management LLC grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 5,140 shares of the transportation company's stock valued at $353,000 after purchasing an additional 126 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Grupo Aeroportuario del Centro Norte by 41.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company's stock valued at $48,000 after purchasing an additional 200 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in Grupo Aeroportuario del Centro Norte by 94.3% in the 4th quarter. Venturi Wealth Management LLC now owns 575 shares of the transportation company's stock valued at $39,000 after purchasing an additional 279 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Grupo Aeroportuario del Centro Norte by 3.4% in the 4th quarter. Rhumbline Advisers now owns 9,534 shares of the transportation company's stock valued at $654,000 after buying an additional 317 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in shares of Grupo Aeroportuario del Centro Norte by 3,581.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company's stock valued at $28,000 after buying an additional 394 shares during the period. 9.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Bank of America raised shares of Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a research report on Monday. The Goldman Sachs Group lifted their target price on Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Finally, Jefferies Financial Group increased their price target on Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $88.38.

Grupo Aeroportuario del Centro Norte Trading Up 0.5%

Shares of OMAB stock traded up $0.46 during trading hours on Thursday, hitting $100.69. The company had a trading volume of 13,488 shares, compared to its average volume of 72,761. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $4.28 billion, a PE ratio of 17.79 and a beta of 0.90. The company's fifty day moving average is $85.69 and its 200 day moving average is $77.29. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a fifty-two week low of $59.08 and a fifty-two week high of $102.74.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.02. Grupo Aeroportuario del Centro Norte had a return on equity of 51.74% and a net margin of 35.31%. The company had revenue of $174.65 million for the quarter, compared to analyst estimates of $3.58 billion. Research analysts expect that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.53 earnings per share for the current fiscal year.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 23rd will be issued a $2.1363 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a dividend yield of 4.1%. Grupo Aeroportuario del Centro Norte's dividend payout ratio is presently 42.75%.

Grupo Aeroportuario del Centro Norte Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities.