Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) Shares Sold by ABS Direct Equity Fund LLC

ABS Direct Equity Fund LLC lessened its holdings in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 64.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,090 shares of the transportation company's stock after selling 23,610 shares during the period. Grupo Aeroportuario del Centro Norte comprises approximately 1.4% of ABS Direct Equity Fund LLC's portfolio, making the stock its 27th biggest position. ABS Direct Equity Fund LLC's holdings in Grupo Aeroportuario del Centro Norte were worth $1,029,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of OMAB. Fisher Funds Management LTD acquired a new position in Grupo Aeroportuario del Centro Norte in the 4th quarter valued at approximately $33,617,000. Deutsche Bank AG raised its position in Grupo Aeroportuario del Centro Norte by 1,173.2% in the 4th quarter. Deutsche Bank AG now owns 273,821 shares of the transportation company's stock valued at $18,795,000 after purchasing an additional 252,315 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Grupo Aeroportuario del Centro Norte by 30.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 173,672 shares of the transportation company's stock valued at $11,921,000 after purchasing an additional 40,878 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of Grupo Aeroportuario del Centro Norte in the 4th quarter valued at $6,660,000. Finally, American Century Companies Inc. lifted its position in Grupo Aeroportuario del Centro Norte by 6.0% during the 4th quarter. American Century Companies Inc. now owns 90,203 shares of the transportation company's stock valued at $6,192,000 after purchasing an additional 5,127 shares during the period. Hedge funds and other institutional investors own 9.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on OMAB shares. 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. The Goldman Sachs Group raised 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 research report on Friday, May 16th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $88.38.

Grupo Aeroportuario del Centro Norte Price Performance

OMAB stock traded down $1.06 during midday trading on Wednesday, hitting $100.83. The company's stock had a trading volume of 79,442 shares, compared to its average volume of 72,163. The company has a 50 day moving average of $94.22 and a two-hundred day moving average of $82.13. 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 $108.23. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 2.74 and a beta of 0.89. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.92.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last issued its earnings results on Tuesday, April 29th. The transportation company reported $1.30 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.02. The business had revenue of $174.65 million for the quarter, compared to the consensus estimate of $3.58 billion. Grupo Aeroportuario del Centro Norte had a net margin of 34.62% and a return on equity of 52.68%. On average, analysts expect that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 5.53 EPS for the current year.

Grupo Aeroportuario del Centro Norte Announces Dividend

The business also recently declared 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 4.1%. The ex-dividend date of this dividend was Friday, May 23rd. Grupo Aeroportuario del Centro Norte's dividend payout ratio is currently 39.22%.

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.