Mackenzie Financial Corp Has $3.01 Million Stake in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Mackenzie Financial Corp cut its stake in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 28.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,789 shares of the transportation company's stock after selling 17,395 shares during the period. Mackenzie Financial Corp owned approximately 0.10% of Grupo Aeroportuario del Centro Norte worth $3,006,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of OMAB. SG Americas Securities LLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the 4th quarter worth approximately $116,000. Fifth Third Bancorp acquired a new stake in Grupo Aeroportuario del Centro Norte during the fourth quarter worth $48,000. Blue Trust Inc. boosted its stake in Grupo Aeroportuario del Centro Norte by 58.9% during the fourth quarter. Blue Trust Inc. now owns 4,442 shares of the transportation company's stock worth $301,000 after buying an additional 1,647 shares in the last quarter. abrdn plc increased its holdings in Grupo Aeroportuario del Centro Norte by 1.4% in the 4th quarter. abrdn plc now owns 170,233 shares of the transportation company's stock valued at $11,723,000 after buying an additional 2,279 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings 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 during the period. 9.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Jefferies Financial Group upped their target price on shares of Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. reissued 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 boosted their price target on Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the company a "buy" rating in a research note on Friday, May 16th. 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 stock. Based on data from MarketBeat.com, Grupo Aeroportuario del Centro Norte presently has an average rating of "Hold" and a consensus target price of $88.38.

Grupo Aeroportuario del Centro Norte Price Performance

Shares of OMAB stock traded down $0.20 during trading hours on Tuesday, hitting $99.07. 30,558 shares of the company's stock were exchanged, compared to its average volume of 72,986. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a 52 week low of $59.08 and a 52 week high of $102.74. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 17.47 and a beta of 0.90. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 1.08. The stock's 50-day moving average is $88.81 and its 200-day moving average is $79.42.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.02. Grupo Aeroportuario del Centro Norte had a net margin of 35.31% and a return on equity of 51.74%. The business had revenue of $174.65 million for the quarter, compared to the consensus estimate of $3.58 billion. As a group, research analysts forecast that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.53 EPS for the current year.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The business also recently disclosed a semi-annual dividend, which was paid on Monday, June 2nd. Investors 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 (DPR) is presently 39.03%.

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.