Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Shares Acquired by Naples Global Advisors LLC

Naples Global Advisors LLC grew its stake in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 18.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,030 shares of the transportation company's stock after buying 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 SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Arrowstreet Capital Limited Partnership raised its holdings in Grupo Aeroportuario del Centro Norte by 30.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 173,672 shares of the transportation company's stock worth $11,921,000 after purchasing an additional 40,878 shares during the period. Tower Research Capital LLC TRC raised 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 period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Grupo Aeroportuario del Centro Norte by 41.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company's stock worth $48,000 after purchasing an additional 200 shares during the period. SG Americas Securities LLC acquired a new position in Grupo Aeroportuario del Centro Norte in the 4th quarter worth about $116,000. Finally, Invesco Ltd. raised its holdings in Grupo Aeroportuario del Centro Norte by 7.9% in the 4th quarter. Invesco Ltd. now owns 17,206 shares of the transportation company's stock worth $1,181,000 after purchasing an additional 1,257 shares during the period. Institutional investors and hedge funds own 9.53% of the company's stock.

Grupo Aeroportuario del Centro Norte Price Performance

Shares of Grupo Aeroportuario del Centro Norte stock opened at $103.21 on Friday. The business has a 50 day simple moving average of $89.77 and a two-hundred day simple moving average of $79.84. 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 $103.32. The stock has a market capitalization of $4.39 billion, a P/E ratio of 18.20 and a beta of 0.89. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 1.08.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.28 by $0.02. Grupo Aeroportuario del Centro Norte had a return on equity of 51.74% and a net margin of 35.31%. The firm had revenue of $174.65 million during the quarter, compared to analysts' expectations of $3.58 billion. As a group, 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 Dividend Announcement

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

Analyst Upgrades and Downgrades

OMAB has been the subject of a number of analyst reports. Jefferies Financial Group upped their price target on Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, May 23rd. Bank of America raised Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a report on Monday, May 19th. Finally, The Goldman Sachs Group increased their target price 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. One 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 data from MarketBeat, Grupo Aeroportuario del Centro Norte currently has an average rating of "Hold" and an average 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.

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