IQ EQ FUND MANAGEMENT IRELAND Ltd Purchases New Holdings in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB)

Key Points

• IQ EQ FUND MANAGEMENT IRELAND Ltd has purchased 16,250 shares of Grupo Aeroportuario del Centro Norte, valued at approximately $1,278,000.
• Several institutional investors, including Deutsche Bank AG and Northern Trust Corp, significantly increased their holdings in Grupo Aeroportuario del Centro Norte in the last quarter, reflecting growing interest in the company's stock.
• Grupo Aeroportuario del Centro Norte recently declared a semi-annual dividend of $2.1363 per share, offering a remarkable dividend yield of 410.0%.

IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 16,250 shares of the transportation company's stock, valued at approximately $1,278,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in shares of Grupo Aeroportuario del Centro Norte by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 5,140 shares of the transportation company's stock worth $353,000 after acquiring an additional 126 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Grupo Aeroportuario del Centro Norte by 14.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 31,517 shares of the transportation company's stock worth $2,163,000 after purchasing an additional 4,048 shares during the last quarter. Invesco Ltd. boosted its holdings in Grupo Aeroportuario del Centro Norte by 7.9% during the fourth quarter. Invesco Ltd. now owns 17,206 shares of the transportation company's stock worth $1,181,000 after purchasing an additional 1,257 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Grupo Aeroportuario del Centro Norte by 3.0% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 27,098 shares of the transportation company's stock worth $1,858,000 after purchasing an additional 802 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Grupo Aeroportuario del Centro Norte by 3,581.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company's stock worth $28,000 after purchasing an additional 394 shares during the last quarter. 9.53% of the stock is owned by institutional investors.

Grupo Aeroportuario del Centro Norte Trading Down 1.5%

Shares of NASDAQ:OMAB traded down $1.61 on Friday, hitting $107.34. The company had a trading volume of 71,504 shares, compared to its average volume of 83,366. The firm's 50-day simple moving average is $106.33 and its two-hundred day simple moving average is $91.34. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 1 year low of $59.08 and a 1 year high of $116.25. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of 19.88, a P/E/G ratio of 2.63 and a beta of 0.94.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 23rd were given a $2.1363 dividend. This represents a dividend yield of 410.0%. The ex-dividend date of this dividend was Friday, May 23rd. Grupo Aeroportuario del Centro Norte's dividend payout ratio (DPR) is currently 39.07%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. The Goldman Sachs Group boosted their price target on shares of Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Bank of America upgraded shares of Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a research note on Monday, May 19th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $88.38.

About Grupo Aeroportuario del Centro Norte

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.