Capital Innovations LLC Makes New Investment in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Capital Innovations LLC bought a new stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) in the fourth quarter, HoldingsChannel reports. The fund bought 9,365 shares of the transportation company’s stock, valued at approximately $1,019,000.

A number of other hedge funds have also modified their holdings of the company. Triumph Capital Management acquired a new stake in Grupo Aeroportuario del Centro Norte in the 3rd quarter valued at approximately $30,000. EverSource Wealth Advisors LLC boosted its position in Grupo Aeroportuario del Centro Norte by 288.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock worth $39,000 after acquiring an additional 271 shares during the last quarter. Quantbot Technologies LP acquired a new position in Grupo Aeroportuario del Centro Norte during the 2nd quarter worth approximately $56,000. Huntington National Bank grew its stake in shares of Grupo Aeroportuario del Centro Norte by 575.9% during the 3rd quarter. Huntington National Bank now owns 588 shares of the transportation company’s stock worth $61,000 after acquiring an additional 501 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 22.3% in the fourth quarter. Fifth Third Bancorp now owns 791 shares of the transportation company’s stock valued at $86,000 after purchasing an additional 144 shares during the last quarter. 9.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Zacks Research lowered shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. HSBC upgraded shares of 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. Wall Street Zen downgraded Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Citigroup upgraded Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a report on Friday, May 8th. Finally, Weiss Ratings cut Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 1st. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $134.00.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of OMAB stock opened at $103.51 on Wednesday. The company has a fifty day moving average price of $109.80 and a two-hundred day moving average price of $111.80. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a one year low of $95.69 and a one year high of $134.99. The stock has a market cap of $4.40 billion, a P/E ratio of 17.31, a P/E/G ratio of 1.32 and a beta of 0.62. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.12 and a quick ratio of 1.12.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last released its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.08). The firm had revenue of $213.33 million for the quarter, compared to analyst estimates of $199.73 million. Grupo Aeroportuario del Centro Norte had a return on equity of 49.46% and a net margin of 32.67%. As a group, equities analysts predict that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 6.95 EPS for the current year.

Grupo Aeroportuario del Centro Norte Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Tuesday, May 26th will be given a dividend of $2.9165 per share. This represents a yield of 571.0%. The ex-dividend date of this dividend is Tuesday, May 26th. Grupo Aeroportuario del Centro Norte’s payout ratio is 85.12%.

Grupo Aeroportuario del Centro Norte Company 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.