Healthcare of Ontario Pension Plan Trust Fund Cuts Stock Holdings in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Healthcare of Ontario Pension Plan Trust Fund reduced its stake in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 20.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,200 shares of the transportation company's stock after selling 14,200 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.13% of Grupo Aeroportuario del Centro Norte worth $6,218,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Triumph Capital Management bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the 3rd quarter valued at about $30,000. EverSource Wealth Advisors LLC grew its position in Grupo Aeroportuario del Centro Norte by 288.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company's stock worth $39,000 after acquiring an additional 271 shares during the last quarter. Quantbot Technologies LP purchased a new position in Grupo Aeroportuario del Centro Norte in the 2nd quarter worth approximately $56,000. Atlas Capital Advisors Inc. purchased a new position in Grupo Aeroportuario del Centro Norte in the 4th quarter worth approximately $61,000. Finally, Fifth Third Bancorp lifted its position in Grupo Aeroportuario del Centro Norte by 22.3% in the fourth quarter. Fifth Third Bancorp now owns 791 shares of the transportation company's stock valued at $86,000 after purchasing an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 9.53% of the company's stock.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of OMAB stock opened at $106.38 on Thursday. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 12 month low of $95.69 and a 12 month high of $134.99. The stock has a market cap of $4.53 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 1.41 and a beta of 0.60. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.81. The company's fifty day moving average price is $105.97 and its 200-day moving average price is $111.72.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The transportation company reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.05. Grupo Aeroportuario del Centro Norte had a net margin of 33.17% and a return on equity of 47.54%. The company had revenue of $255.27 million during the quarter, compared to analyst estimates of $227.38 million. On average, equities analysts expect that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 6.93 EPS for the current fiscal year.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, June 3rd. Investors of record on Tuesday, May 26th were given a dividend of $2.9165 per share. This represents a yield of 571.0%. The ex-dividend date of this dividend was Tuesday, May 26th. Grupo Aeroportuario del Centro Norte's dividend payout ratio (DPR) is 85.12%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. raised Grupo Aeroportuario del Centro Norte from an "underweight" rating to a "neutral" rating in a research note on Wednesday, July 22nd. HSBC raised shares of Grupo Aeroportuario del Centro Norte from a "hold" rating to a "buy" rating and lifted their target price for the stock from $112.00 to $134.00 in a research note on Thursday, April 16th. Citigroup raised shares of Grupo Aeroportuario del Centro Norte from a "neutral" rating to a "buy" rating in a research report on Friday, May 8th. Weiss Ratings raised shares of Grupo Aeroportuario del Centro Norte from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday. Finally, Zacks Research upgraded shares of Grupo Aeroportuario del Centro Norte from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 25th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $134.00.

Grupo Aeroportuario del Centro Norte Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V. (OMAB) is a Mexican airport operator that develops, manages and operates airports under long‐term concessions granted by the Federal Government of Mexico. The company's core business covers all aspects of airport operations, including passenger processing, airfield services, security, ground handling, cargo handling and commercial activities such as retail, food and beverage, and parking.

OMA currently holds concession contracts for 13 airports in central and northern Mexico, serving key markets such as Monterrey, Ciudad Juárez, Culiacán, Hermosillo and Torreón.

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