Sei Investments Co. Purchases 19,599 Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Sei Investments Co. increased its position in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) by 208.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 28,991 shares of the transportation company’s stock after purchasing an additional 19,599 shares during the period. Sei Investments Co.’s holdings in Grupo Aeroportuario del Centro Norte were worth $3,326,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OMAB. PNC Financial Services Group Inc. lifted its position in Grupo Aeroportuario del Centro Norte by 13.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,130 shares of the transportation company’s stock worth $123,000 after acquiring an additional 136 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 22.3% during the fourth quarter. Fifth Third Bancorp now owns 791 shares of the transportation company’s stock worth $86,000 after acquiring an additional 144 shares during the period. Vident Advisory LLC grew its position in shares of Grupo Aeroportuario del Centro Norte by 1.6% in the fourth quarter. Vident Advisory LLC now owns 11,809 shares of the transportation company’s stock valued at $1,285,000 after purchasing an additional 188 shares during the last quarter. O Brien Greene & Co. Inc grew its position in shares of Grupo Aeroportuario del Centro Norte by 3.4% in the fourth quarter. O Brien Greene & Co. Inc now owns 6,147 shares of the transportation company’s stock valued at $669,000 after purchasing an additional 200 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of Grupo Aeroportuario del Centro Norte by 5.9% during the fourth quarter. ProShare Advisors LLC now owns 3,838 shares of the transportation company’s stock worth $417,000 after purchasing an additional 215 shares during the period. 9.53% of the stock is owned by institutional investors.

Grupo Aeroportuario del Centro Norte Trading 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. The stock has a market cap of $4.70 billion, a P/E ratio of 17.67, a price-to-earnings-growth ratio of 1.45 and a beta of 0.62. The stock has a 50 day simple moving average of $106.92 and a 200 day simple moving average of $111.72. 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.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last issued its quarterly earnings results on Wednesday, July 1st. The transportation company reported $1.74 earnings per share (EPS) for the quarter. Grupo Aeroportuario del Centro Norte had a return on equity of 49.50% and a net margin of 33.17%.The business had revenue of $255.27 million for the quarter. On average, research analysts predict that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 6.89 earnings per share 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. Stockholders of record on Tuesday, May 26th were issued a dividend of $2.9165 per share. This represents a dividend yield of 571.0%. The ex-dividend date of this dividend was Tuesday, May 26th. Grupo Aeroportuario del Centro Norte’s dividend payout ratio is 81.44%.

Analysts Set New Price Targets

Several analysts recently weighed in on OMAB shares. Citigroup raised Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a report on Friday, May 8th. Zacks Research upgraded Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. JPMorgan Chase & Co. raised Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 22nd. Wall Street Zen cut shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, HSBC upgraded shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and upped their price target for the company from $112.00 to $134.00 in a research note on Thursday, April 16th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Grupo Aeroportuario del Centro Norte presently has an average 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.