ABS Direct Equity Fund LLC Buys 22,850 Shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

ABS Direct Equity Fund LLC grew its stake in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 165.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,700 shares of the transportation company's stock after purchasing an additional 22,850 shares during the period. Grupo Aeroportuario del Centro Norte makes up about 2.9% of ABS Direct Equity Fund LLC's holdings, making the stock its 15th largest position. ABS Direct Equity Fund LLC owned about 0.09% of Grupo Aeroportuario del Centro Norte worth $2,519,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its position in shares of Grupo Aeroportuario del Centro Norte by 6.6% in the 3rd quarter. State Street Corp now owns 316,425 shares of the transportation company's stock worth $21,460,000 after buying an additional 19,683 shares during the last quarter. National Bank of Canada FI raised its holdings in Grupo Aeroportuario del Centro Norte by 130,579.6% in the 3rd quarter. National Bank of Canada FI now owns 121,532 shares of the transportation company's stock worth $8,242,000 after acquiring an additional 121,439 shares during the period. Marshall Wace LLP lifted its stake in shares of Grupo Aeroportuario del Centro Norte by 78.1% in the second quarter. Marshall Wace LLP now owns 69,809 shares of the transportation company's stock valued at $4,723,000 after buying an additional 30,604 shares during the period. Mackenzie Financial Corp lifted its stake in Grupo Aeroportuario del Centro Norte by 10.6% during the second quarter. Mackenzie Financial Corp now owns 62,185 shares of the transportation company's stock worth $4,207,000 after purchasing an additional 5,949 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of 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 worth $3,633,000 after buying an additional 41,900 shares in the last quarter. 9.53% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of NASDAQ OMAB traded up $0.26 during midday trading on Tuesday, hitting $78.26. The company's stock had a trading volume of 101,106 shares, compared to its average volume of 65,654. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 13.80 and a beta of 1.27. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a one year low of $59.08 and a one year high of $90.53. The stock has a fifty day moving average price of $71.22 and a 200 day moving average price of $68.59. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16.

Grupo Aeroportuario del Centro Norte Announces Dividend

The business also recently declared a Thrice Yearly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 19th were given a $1.921 dividend. The ex-dividend date was Tuesday, November 19th. This represents a dividend yield of 6.5%. Grupo Aeroportuario del Centro Norte's dividend payout ratio is currently 99.12%.

Analysts Set New Price Targets

Separately, Bank of America lowered shares of Grupo Aeroportuario del Centro Norte from a "buy" rating to an "underperform" rating and set a $71.50 price objective on the stock. in a research note on Friday, November 15th.

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.