Sei Investments Co. Has $3.33 Million Stock Holdings in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Key Points

• Sei Investments increased its OMAB stake by 208.7% in the first quarter, holding 28,991 shares valued at approximately $3.33 million. Institutional investors and hedge funds collectively own 9.53% of the company.
• OMAB reported quarterly EPS of $1.74 on revenue of $255.27 million, with a 33.17% net margin and 49.50% return on equity. Shares opened at $110.44, below the analyst consensus target of $134.00.
• Analyst sentiment is mixed, with two Buy ratings and three Hold ratings, resulting in a consensus “Hold.” The company also paid a dividend of $2.9165 per share, while its payout ratio stood at 81.44%.

Sei Investments Co. increased its holdings in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 208.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,991 shares of the transportation company's stock after purchasing an additional 19,599 shares during the quarter. Sei Investments Co. owned 0.07% of Grupo Aeroportuario del Centro Norte worth $3,326,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of OMAB. Jane Street Group LLC acquired a new position in shares of Grupo Aeroportuario del Centro Norte in the first quarter valued at approximately $591,000. Quantbot Technologies LP acquired a new stake in shares of Grupo Aeroportuario del Centro Norte during the second quarter worth $56,000. EverSource Wealth Advisors LLC lifted its position in Grupo Aeroportuario del Centro Norte by 288.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company's stock valued at $39,000 after acquiring an additional 271 shares in the last quarter. First Trust Advisors LP acquired a new position in Grupo Aeroportuario del Centro Norte in the 2nd quarter worth $208,000. Finally, Amundi boosted its stake in Grupo Aeroportuario del Centro Norte by 34.6% in the 2nd quarter. Amundi now owns 1,870 shares of the transportation company's stock worth $203,000 after purchasing an additional 481 shares during the period. 9.53% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Centro Norte Stock Down 0.7%

Shares of OMAB stock opened at $110.44 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.10. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 1 year low of $95.69 and a 1 year high of $134.99. The firm's fifty day moving average price is $106.92 and its two-hundred day moving average price is $111.72. The firm has a market capitalization of $4.70 billion, a P/E ratio of 17.67, a PEG ratio of 1.45 and a beta of 0.62.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last issued its quarterly earnings results on Wednesday, July 1st. The transportation company reported $1.74 EPS for the quarter. The firm had revenue of $255.27 million for the quarter. Grupo Aeroportuario del Centro Norte had a net margin of 33.17% and a return on equity of 49.50%. On average, equities analysts predict that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 6.89 EPS for the current fiscal year.

Grupo Aeroportuario del Centro Norte Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, June 3rd. Investors of record on Tuesday, May 26th were issued a dividend of $2.9165 per share. This represents a yield of 571.0%. The ex-dividend date was Tuesday, May 26th. Grupo Aeroportuario del Centro Norte's dividend payout ratio is presently 81.44%.

Wall Street Analysts Forecast Growth

OMAB has been the topic of several recent research reports. HSBC raised Grupo Aeroportuario del Centro Norte from a "hold" rating to a "buy" rating and lifted their price target for the company from $112.00 to $134.00 in a research note on Thursday, April 16th. JPMorgan Chase & Co. raised Grupo Aeroportuario del Centro Norte from an "underweight" rating to a "neutral" rating in a research report on Wednesday, July 22nd. Wall Street Zen downgraded Grupo Aeroportuario del Centro Norte from a "buy" rating to a "hold" rating in a report on Saturday, May 2nd. Citigroup upgraded Grupo Aeroportuario del Centro Norte from a "neutral" rating to a "buy" rating in a research note on Friday, May 8th. Finally, Weiss Ratings upgraded Grupo Aeroportuario del Centro Norte from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price 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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