16,250 Shares in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) Purchased by IQ EQ FUND MANAGEMENT IRELAND Ltd

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 bought a new position 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 bought 16,250 shares of the transportation company's stock, valued at approximately $1,278,000.

A number of other hedge funds also recently added to or reduced their stakes in OMAB. Geode Capital Management LLC raised its stake in Grupo Aeroportuario del Centro Norte by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 5,140 shares of the transportation company's stock valued at $353,000 after buying an additional 126 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Grupo Aeroportuario del Centro Norte by 14.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 31,517 shares of the transportation company's stock valued at $2,163,000 after purchasing an additional 4,048 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 7.9% in the fourth quarter. Invesco Ltd. now owns 17,206 shares of the transportation company's stock worth $1,181,000 after buying an additional 1,257 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position 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 valued at $1,858,000 after buying an additional 802 shares during the period. Finally, Tower Research Capital LLC TRC increased 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 valued at $28,000 after buying an additional 394 shares during the last quarter. 9.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OMAB has been the subject of several recent analyst reports. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, May 23rd. The Goldman Sachs Group upped their price objective on Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, Bank of America raised Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a research note on Monday, May 19th. One investment 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. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $88.38.

Grupo Aeroportuario del Centro Norte Stock Up 2.1%

OMAB stock traded up $2.24 during trading on Wednesday, reaching $108.56. 86,006 shares of the company traded hands, compared to its average volume of 83,276. The business has a 50 day simple moving average of $105.68 and a 200 day simple moving average of $90.79. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 12 month low of $59.08 and a 12 month high of $116.25. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 2.57 and a beta of 0.94.

Grupo Aeroportuario del Centro Norte Announces Dividend

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

Grupo Aeroportuario del Centro Norte Company 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.