INCA Investments LLC trimmed its stake in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 97.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,098 shares of the transportation company's stock after selling 400,808 shares during the period. Grupo Aeroportuario del Centro Norte comprises 0.3% of INCA Investments LLC's holdings, making the stock its 10th largest position. INCA Investments LLC's holdings in Grupo Aeroportuario del Centro Norte were worth $617,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Meixler Investment Management Ltd. grew its holdings in Grupo Aeroportuario del Centro Norte by 5.5% during the third quarter. Meixler Investment Management Ltd. now owns 7,649 shares of the transportation company's stock worth $519,000 after acquiring an additional 402 shares during the period. Malaga Cove Capital LLC grew its holdings in Grupo Aeroportuario del Centro Norte by 13.3% in the third quarter. Malaga Cove Capital LLC now owns 19,504 shares of the transportation company's stock valued at $1,323,000 after purchasing an additional 2,293 shares during the period. US Bancorp DE grew its holdings in Grupo Aeroportuario del Centro Norte by 143.8% in the third quarter. US Bancorp DE now owns 507 shares of the transportation company's stock valued at $34,000 after purchasing an additional 299 shares during the period. Signaturefd LLC grew its holdings in Grupo Aeroportuario del Centro Norte by 109.2% in the third quarter. Signaturefd LLC now owns 498 shares of the transportation company's stock valued at $34,000 after purchasing an additional 260 shares during the period. Finally, Blue Trust Inc. grew its holdings in Grupo Aeroportuario del Centro Norte by 147.1% in the third quarter. Blue Trust Inc. now owns 2,795 shares of the transportation company's stock valued at $189,000 after purchasing an additional 1,664 shares during the period. 9.53% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have commented on the company. Morgan Stanley raised Grupo Aeroportuario del Centro Norte from an "equal weight" rating to an "overweight" rating and dropped their price objective for the company from $82.00 to $77.00 in a report on Friday, September 6th. Scotiabank raised Grupo Aeroportuario del Centro Norte from a "sector underperform" rating to a "sector perform" rating in a report on Wednesday, September 25th.
Check Out Our Latest Research Report on OMAB
Grupo Aeroportuario del Centro Norte Price Performance
Shares of NASDAQ OMAB traded up $0.27 during midday trading on Tuesday, hitting $65.26. The stock had a trading volume of 36,966 shares, compared to its average volume of 60,592. The company has a market capitalization of $2.78 billion, a PE ratio of 11.46, a P/E/G ratio of 4.02 and a beta of 1.31. The stock has a 50 day simple moving average of $67.95 and a 200-day simple moving average of $71.13. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a 1 year low of $58.85 and a 1 year high of $90.53. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.16.
Grupo Aeroportuario del Centro Norte Announces Dividend
The company also recently announced a Thrice Yearly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 19th will be given a $1.921 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a dividend yield of 6.5%. Grupo Aeroportuario del Centro Norte's dividend payout ratio (DPR) is presently 101.59%.
Grupo Aeroportuario del Centro Norte Profile
(
Free Report)
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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