Fmr LLC reduced its holdings in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB – Free Report) by 5.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,291 shares of the transportation company’s stock after selling 738 shares during the period. Fmr LLC’s holdings in Grupo Aeroportuario del Centro Norte were worth $834,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in OMAB. 1832 Asset Management L.P. bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the 2nd quarter valued at approximately $11,318,000. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Grupo Aeroportuario del Centro Norte by 355.1% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 53,700 shares of the transportation company’s stock valued at $3,633,000 after buying an additional 41,900 shares in the last quarter. Duff & Phelps Investment Management Co. acquired a new stake in shares of Grupo Aeroportuario del Centro Norte in the second quarter worth about $2,300,000. Marshall Wace LLP boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 78.1% during the 2nd quarter. Marshall Wace LLP now owns 69,809 shares of the transportation company’s stock worth $4,723,000 after acquiring an additional 30,604 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the 2nd quarter valued at about $1,563,000. 9.53% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
OMAB has been the subject of a number of recent analyst reports. Morgan Stanley raised Grupo Aeroportuario del Centro Norte from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $82.00 to $77.00 in a research report on Friday, September 6th. Bank of America downgraded shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to an “underperform” rating and set a $71.50 price objective for the company. in a report on Friday, November 15th. Finally, Scotiabank upgraded shares of Grupo Aeroportuario del Centro Norte from a “sector underperform” rating to a “sector perform” rating in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $80.83.
Grupo Aeroportuario del Centro Norte Trading Down 0.3 %
OMAB opened at $73.80 on Wednesday. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a 1-year low of $59.08 and a 1-year high of $90.53. The stock has a market capitalization of $3.14 billion, a PE ratio of 13.02, a PEG ratio of 4.39 and a beta of 1.30. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. The firm has a 50-day moving average price of $67.43 and a two-hundred day moving average price of $67.84.
Grupo Aeroportuario del Centro Norte Announces Dividend
The firm also recently announced a Thrice Yearly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 19th were issued a dividend of $1.921 per share. This represents a yield of 6.5%. The ex-dividend date of this dividend was Tuesday, November 19th. Grupo Aeroportuario del Centro Norte’s dividend payout ratio is presently 98.94%.
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.
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