Empirical Finance LLC Acquires Shares of 28,713 Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB)

Key Points

• Empirical Finance LLC has acquired a new stake in Grupo Aeroportuario del Centro Norte, purchasing 28,713 shares worth approximately $2,258,000, representing about 0.07% of the company's stock.
• Grupo Aeroportuario del Centro Norte posted a quarterly earnings per share (EPS) of $1.30, surpassing the consensus estimate of $1.28.
• The company announced a semi-annual dividend of $2.1363 per share, yielding 4.1%, with a payout ratio of 39.22% currently in place.

Empirical Finance LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 28,713 shares of the transportation company's stock, valued at approximately $2,258,000. Empirical Finance LLC owned approximately 0.07% of Grupo Aeroportuario del Centro Norte as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of OMAB. Deutsche Bank AG raised its position in Grupo Aeroportuario del Centro Norte by 1,173.2% in the fourth 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 period. Arrowstreet Capital Limited Partnership boosted its position 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 worth $11,921,000 after buying an additional 40,878 shares during the period. AQR Capital Management LLC acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter worth approximately $6,660,000. American Century Companies Inc. lifted its position in Grupo Aeroportuario del Centro Norte by 6.0% in the fourth quarter. American Century Companies Inc. now owns 90,203 shares of the transportation company's stock worth $6,192,000 after purchasing an additional 5,127 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in Grupo Aeroportuario del Centro Norte by 0.5% in the first quarter. Envestnet Asset Management Inc. now owns 31,667 shares of the transportation company's stock worth $2,490,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 9.53% of the company's stock.

Analyst Ratings Changes

OMAB has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their target price on shares of Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the company a "buy" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Friday, May 23rd. Finally, 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, May 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $88.38.

Grupo Aeroportuario del Centro Norte Price Performance

NASDAQ:OMAB traded up $0.36 during trading hours on Wednesday, hitting $104.99. The stock had a trading volume of 65,387 shares, compared to its average volume of 74,782. The company has a 50 day simple moving average of $104.98 and a two-hundred day simple moving average of $89.75. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.77 and a quick ratio of 1.77. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a one year low of $59.08 and a one year high of $116.25. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 2.47 and a beta of 0.89.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.28 by $0.02. Grupo Aeroportuario del Centro Norte had a net margin of 34.62% and a return on equity of 52.68%. The business had revenue of $174.65 million for the quarter, compared to analyst estimates of $3.58 billion. Research analysts forecast 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 firm also recently disclosed a semi-annual dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 23rd were given a dividend of $2.1363 per share. The ex-dividend date was Friday, May 23rd. This represents a yield of 4.1%. Grupo Aeroportuario del Centro Norte's dividend payout ratio (DPR) is currently 39.22%.

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.