Fisher Funds Management LTD Sells 16,156 Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB)

Fisher Funds Management LTD lowered its stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 3.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 470,947 shares of the transportation company's stock after selling 16,156 shares during the quarter. Grupo Aeroportuario del Centro Norte makes up 0.9% of Fisher Funds Management LTD's investment portfolio, making the stock its 29th largest holding. Fisher Funds Management LTD owned about 1.11% of Grupo Aeroportuario del Centro Norte worth $37,031,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of OMAB. Arrowstreet Capital Limited Partnership boosted its position in Grupo Aeroportuario del Centro Norte by 30.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 173,672 shares of the transportation company's stock worth $11,921,000 after acquiring an additional 40,878 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 3,581.8% during 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 last quarter. Millennium Management LLC lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 5.7% during the 4th quarter. Millennium Management LLC now owns 26,904 shares of the transportation company's stock valued at $1,847,000 after buying an additional 1,460 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 7.9% during the 4th quarter. Invesco Ltd. now owns 17,206 shares of the transportation company's stock valued at $1,181,000 after buying an additional 1,257 shares during the last quarter. Finally, Mission Wealth Management LP acquired a new stake in shares of Grupo Aeroportuario del Centro Norte during the 4th quarter valued at about $231,000. Hedge funds and other institutional investors own 9.53% of the company's stock.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of OMAB stock traded up $2.00 during trading on Monday, reaching $110.21. The company had a trading volume of 89,478 shares, compared to its average volume of 73,958. The firm's 50 day simple moving average is $99.68 and its two-hundred day simple moving average is $85.24. 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 $111.03. The company has a market capitalization of $4.69 billion, a PE ratio of 20.49, a PEG ratio of 2.85 and a beta of 0.89.

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

Grupo Aeroportuario del Centro Norte Dividend Announcement

The firm also recently declared a semi-annual dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 23rd were given a $2.1363 dividend. This represents a yield of 4.1%. The ex-dividend date was Friday, May 23rd. Grupo Aeroportuario del Centro Norte's dividend payout ratio is currently 39.03%.

Wall Street Analyst Weigh In

OMAB has been the subject of several research reports. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, May 23rd. The Goldman Sachs Group lifted their price target on Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, Bank of America upgraded Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target 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.