Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Trading Up 5.2%

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)’s share price shot up 5.2% during mid-day trading on Wednesday . The company traded as high as $69.63 and last traded at $69.63. 12,993 shares were traded during trading, a decline of 75% from the average session volume of 52,548 shares. The stock had previously closed at $66.16.

Wall Street Analyst Weigh In

A number of research firms have issued reports on OMAB. Scotiabank downgraded Grupo Aeroportuario del Centro Norte from a “sector perform” rating to a “sector underperform” rating in a research note on Wednesday, May 15th. StockNews.com upgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating in a research note on Wednesday.

Grupo Aeroportuario del Centro Norte Trading Up 3.1 %

The stock has a 50 day moving average of $77.97 and a 200-day moving average of $76.70. The company has a market capitalization of $2.90 billion, a P/E ratio of 11.43, a P/E/G ratio of 4.00 and a beta of 1.33. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.99.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last announced its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.05. The company had revenue of $189.64 million during the quarter. Grupo Aeroportuario del Centro Norte had a return on equity of 54.28% and a net margin of 34.67%. On average, research analysts predict that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.56 EPS for the current year.

Grupo Aeroportuario del Centro Norte Increases Dividend

The firm also recently declared a — dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 22nd were issued a $2.5963 dividend. The ex-dividend date of this dividend was Tuesday, May 21st. This is a boost from Grupo Aeroportuario del Centro Norte’s previous — dividend of $2.14. This represents a yield of 5.3%. Grupo Aeroportuario del Centro Norte’s payout ratio is currently 76.88%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. SPX Gestao de Recursos Ltda purchased a new position in Grupo Aeroportuario del Centro Norte in the 4th quarter worth approximately $1,132,000. INCA Investments LLC lifted its holdings in Grupo Aeroportuario del Centro Norte by 10.3% in the 4th quarter. INCA Investments LLC now owns 332,131 shares of the transportation company’s stock worth $28,108,000 after purchasing an additional 30,987 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Grupo Aeroportuario del Centro Norte by 132.5% in the 4th quarter. BNP Paribas Financial Markets now owns 33,515 shares of the transportation company’s stock worth $2,836,000 after purchasing an additional 19,097 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Grupo Aeroportuario del Centro Norte in the 4th quarter worth approximately $3,203,000. Finally, Anthracite Investment Company Inc. purchased a new position in Grupo Aeroportuario del Centro Norte in the 4th quarter worth approximately $899,000. 9.53% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Centro Norte Company 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.