Naples Global Advisors LLC Purchases 3,310 Shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Naples Global Advisors LLC lifted its stake in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 18.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,030 shares of the transportation company's stock after acquiring an additional 3,310 shares during the quarter. Naples Global Advisors LLC's holdings in Grupo Aeroportuario del Centro Norte were worth $1,654,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC increased 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 41.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company's stock worth $48,000 after acquiring an additional 200 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Grupo Aeroportuario del Centro Norte by 94.3% during the 4th quarter. Venturi Wealth Management LLC now owns 575 shares of the transportation company's stock valued at $39,000 after acquiring an additional 279 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Grupo Aeroportuario del Centro Norte by 3.4% in the 4th quarter. Rhumbline Advisers now owns 9,534 shares of the transportation company's stock valued at $654,000 after acquiring an additional 317 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Grupo Aeroportuario del Centro Norte by 3,581.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company's stock worth $28,000 after purchasing an additional 394 shares during the last quarter. 9.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the company. The Goldman Sachs Group increased 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. Bank of America upgraded shares of Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a report on Monday, May 19th. Jefferies Financial Group upped their price target on shares of Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Grupo Aeroportuario del Centro Norte presently has a consensus rating of "Hold" and an average price target of $88.38.

Grupo Aeroportuario del Centro Norte Stock Performance

OMAB traded down $0.63 during trading on Monday, reaching $103.70. 74,404 shares of the company's stock were exchanged, compared to its average volume of 72,716. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.16. The business has a 50 day moving average price of $90.24 and a 200 day moving average price of $80.32. 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 $105.26. The company has a market capitalization of $4.41 billion, a P/E ratio of 18.29 and a beta of 0.89.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.28 by $0.02. The business had revenue of $174.65 million during the quarter, compared to analysts' expectations of $3.58 billion. Grupo Aeroportuario del Centro Norte had a net margin of 35.31% and a return on equity of 51.74%. As a group, analysts predict 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 business also recently disclosed 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 payout ratio is presently 39.03%.

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.