Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) Shares Sold by Fisher Funds Management LTD

Fisher Funds Management LTD decreased its stake in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 3.3% during the first quarter, according to the company in its most recent disclosure with the SEC. 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 comprises 0.9% of Fisher Funds Management LTD's holdings, making the stock its 29th largest position. Fisher Funds Management LTD owned 1.11% of Grupo Aeroportuario del Centro Norte worth $37,031,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its position 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 buying an additional 394 shares in the last quarter. Mission Wealth Management LP purchased a new position in Grupo Aeroportuario del Centro Norte during the fourth quarter worth approximately $231,000. Geode Capital Management LLC lifted its position in 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 buying an additional 126 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in Grupo Aeroportuario del Centro Norte during the fourth quarter worth approximately $462,000. Finally, GAMMA Investing LLC increased its stake in Grupo Aeroportuario del Centro Norte by 9,378.1% during the first quarter. GAMMA Investing LLC now owns 6,919 shares of the transportation company's stock worth $5,440,000 after acquiring an additional 6,846 shares during the last quarter. Hedge funds and other institutional investors own 9.53% of the company's stock.

Grupo Aeroportuario del Centro Norte Trading Down 0.5%

Shares of NASDAQ OMAB traded down $0.56 during trading on Friday, reaching $108.26. The stock had a trading volume of 45,139 shares, compared to its average volume of 73,896. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a fifty-two week low of $59.08 and a fifty-two week high of $109.71. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.77 and a current ratio of 1.77. The business's 50-day moving average price is $99.68 and its 200-day moving average price is $85.15. The company has a market cap of $4.61 billion, a P/E ratio of 20.12, 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 during the quarter, compared to analysts' expectations of $3.58 billion. On average, equities research analysts predict that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 5.53 EPS for the current fiscal year.

Grupo Aeroportuario del Centro Norte Announces Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 23rd were paid a $2.1363 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a dividend yield of 4.1%. Grupo Aeroportuario del Centro Norte's payout ratio is presently 39.22%.

Wall Street Analysts Forecast Growth

OMAB has been the subject of several recent analyst reports. The Goldman Sachs Group raised their target price 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. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, May 23rd. 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 equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, Grupo Aeroportuario del Centro Norte has a consensus rating of "Hold" and a consensus target price of $88.38.

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.