Mackenzie Financial Corp Sells 12,474 Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB)

Key Points

• Mackenzie Financial Corp reduced its stake in Grupo Aeroportuario del Centro Norte by 28.5%, owning 31,315 shares worth approximately $2.46 million by the end of the quarter.
• The company has announced a semi-annual dividend of $2.1363 per share, with a yield of 410.0% and a payout ratio of 39.07%.
• Recent analyst ratings indicate a mixed outlook with Goldman Sachs upgrading the stock to a "buy" and setting a target price of $106.00, while JPMorgan maintained an "underweight" rating.

Mackenzie Financial Corp trimmed its holdings in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 28.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,315 shares of the transportation company's stock after selling 12,474 shares during the quarter. Mackenzie Financial Corp owned approximately 0.07% of Grupo Aeroportuario del Centro Norte worth $2,462,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Deutsche Bank AG boosted its holdings in Grupo Aeroportuario del Centro Norte by 1,173.2% in the 4th quarter. Deutsche Bank AG now owns 273,821 shares of the transportation company's stock valued at $18,795,000 after purchasing an additional 252,315 shares during the last quarter. AQR Capital Management LLC acquired a new position in Grupo Aeroportuario del Centro Norte during the fourth quarter worth about $6,660,000. Arrowstreet Capital Limited Partnership boosted its position 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 valued at $11,921,000 after buying an additional 40,878 shares during the last quarter. Empirical Finance LLC acquired a new stake in Grupo Aeroportuario del Centro Norte in the first quarter valued at $2,258,000. Finally, Uniplan Investment Counsel Inc. bought a new position in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter worth about $1,850,000. 9.53% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Centro Norte Stock Up 2.2%

Shares of NASDAQ:OMAB traded up $2.30 during trading on Wednesday, hitting $108.62. 47,296 shares of the company's stock traded hands, compared to its average volume of 74,362. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 2.52 and a beta of 0.94. The company has a 50-day moving average price of $105.68 and a 200-day moving average price of $90.79. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.35. 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 $116.25.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The business also recently disclosed a semi-annual dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 23rd were paid a dividend of $2.1363 per share. The ex-dividend date was Friday, May 23rd. This represents a dividend yield of 410.0%. Grupo Aeroportuario del Centro Norte's dividend payout ratio is currently 39.07%.

Analyst Upgrades and Downgrades

OMAB has been the subject of several research reports. The Goldman Sachs Group raised their price objective on shares of Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the company a "buy" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. restated 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 report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock 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.