Nuveen Asset Management LLC decreased its stake in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 299,781 shares of the transportation company's stock after selling 43,186 shares during the period. Nuveen Asset Management LLC owned 0.70% of Grupo Aeroportuario del Centro Norte worth $20,577,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in OMAB. Barclays PLC bought a new stake in Grupo Aeroportuario del Centro Norte in the third quarter worth about $72,000. SG Americas Securities LLC bought a new stake in Grupo Aeroportuario del Centro Norte in the fourth quarter worth about $116,000. Fifth Third Bancorp bought a new stake in Grupo Aeroportuario del Centro Norte in the fourth quarter worth about $48,000. Blue Trust Inc. increased its stake in shares of Grupo Aeroportuario del Centro Norte by 58.9% in the fourth quarter. Blue Trust Inc. now owns 4,442 shares of the transportation company's stock worth $301,000 after purchasing an additional 1,647 shares in the last quarter. Finally, Hunter Perkins Capital Management LLC raised its position in shares of Grupo Aeroportuario del Centro Norte by 14.7% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 20,070 shares of the transportation company's stock valued at $1,378,000 after purchasing an additional 2,570 shares during the period. Institutional investors own 9.53% of the company's stock.
Grupo Aeroportuario del Centro Norte Price Performance
Grupo Aeroportuario del Centro Norte stock traded up $0.72 during midday trading on Thursday, reaching $97.54. 6,221 shares of the stock were exchanged, compared to its average volume of 73,484. The company's fifty day moving average is $87.38 and its 200-day moving average is $78.40. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $4.15 billion, a PE ratio of 17.16 and a beta of 0.90. 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.
Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last posted its earnings results on Tuesday, April 29th. The transportation company reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.02. The business had revenue of $174.65 million for the quarter, compared to analyst estimates of $3.58 billion. Grupo Aeroportuario del Centro Norte had a net margin of 35.31% and a return on equity of 51.74%. On average, sell-side 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 Announces Dividend
The company also recently announced a semi-annual dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 23rd will be issued a dividend of $2.1363 per share. This represents a yield of 4.1%. The ex-dividend date of this dividend is Friday, May 23rd. Grupo Aeroportuario del Centro Norte's dividend payout ratio (DPR) is presently 42.75%.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on OMAB shares. Jefferies Financial Group boosted 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 research report on Wednesday, February 12th. The Goldman Sachs Group boosted their price target 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. reissued an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Friday, May 23rd. Finally, Bank of America raised shares of Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a research report on Monday, May 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $88.38.
Read Our Latest Research Report on Grupo Aeroportuario del Centro Norte
About Grupo Aeroportuario del Centro Norte
(
Free Report)
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.
Featured Stories
Before you consider Grupo Aeroportuario del Centro Norte, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Grupo Aeroportuario del Centro Norte wasn't on the list.
While Grupo Aeroportuario del Centro Norte currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
