Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 9,378.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,919 shares of the transportation company's stock after purchasing an additional 6,846 shares during the quarter. GAMMA Investing LLC's holdings in Grupo Aeroportuario del Centro Norte were worth $5,440,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Fisher Funds Management LTD bought a new position in Grupo Aeroportuario del Centro Norte in the 4th quarter worth approximately $33,617,000. Deutsche Bank AG boosted its position in shares of Grupo Aeroportuario del Centro Norte by 1,173.2% during the 4th quarter. Deutsche Bank AG now owns 273,821 shares of the transportation company's stock valued at $18,795,000 after acquiring an additional 252,315 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings 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 valued at $11,921,000 after buying an additional 40,878 shares during the period. AQR Capital Management LLC purchased a new stake in Grupo Aeroportuario del Centro Norte during the 4th quarter valued at $6,660,000. Finally, American Century Companies Inc. raised its holdings 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 buying an additional 5,127 shares during the period. Hedge funds and other institutional investors own 9.53% of the company's stock.

Grupo Aeroportuario del Centro Norte Stock Down 0.8%

OMAB stock traded down $0.82 during trading on Friday, reaching $104.49. 33,953 shares of the company traded hands, compared to its average volume of 72,304. 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 business has a 50 day simple moving average of $92.45 and a 200 day simple moving average of $81.21. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 18.43 and a beta of 0.89. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.08.

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. The company 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 return on equity of 51.74% and a net margin of 35.31%. On average, equities research analysts anticipate 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 declared a semi-annual dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 23rd were issued 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 presently 39.03%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on OMAB shares. The Goldman Sachs Group increased their price target on 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. Bank of America raised Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a research report on Monday, May 19th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Friday, May 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently 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.