National Bank of Canada FI Increases Stock Position in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

National Bank of Canada FI raised its stake in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 130,579.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 121,532 shares of the transportation company's stock after acquiring an additional 121,439 shares during the quarter. National Bank of Canada FI owned approximately 0.29% of Grupo Aeroportuario del Centro Norte worth $8,242,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. purchased a new position in Grupo Aeroportuario del Centro Norte in the second quarter worth $11,318,000. Walleye Capital LLC purchased a new position in Grupo Aeroportuario del Centro Norte during the 3rd quarter worth $822,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in Grupo Aeroportuario del Centro Norte by 355.1% during the 2nd 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. Vanguard Personalized Indexing Management LLC raised its stake in Grupo Aeroportuario del Centro Norte by 10.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,659 shares of the transportation company's stock valued at $312,000 after buying an additional 435 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. acquired a new stake in Grupo Aeroportuario del Centro Norte in the second quarter worth about $2,300,000. Institutional investors own 9.53% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on OMAB shares. Scotiabank raised shares of Grupo Aeroportuario del Centro Norte from a "sector underperform" rating to a "sector perform" rating in a research report on Wednesday, September 25th. 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 research note on Friday, November 15th. Finally, Morgan Stanley raised Grupo Aeroportuario del Centro Norte from an "equal weight" rating to an "overweight" rating and cut their target price for the company from $82.00 to $77.00 in a research report on Friday, September 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $80.83.

Grupo Aeroportuario del Centro Norte Stock Performance

OMAB traded down $2.36 during trading on Thursday, reaching $70.55. 56,696 shares of the company's stock were exchanged, compared to its average volume of 62,396. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 1.08. 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 company's fifty day simple moving average is $67.02 and its 200-day simple moving average is $68.13. The stock has a market capitalization of $3.00 billion, a P/E ratio of 12.86, a price-to-earnings-growth ratio of 4.38 and a beta of 1.30.

Grupo Aeroportuario del Centro Norte Announces Dividend

The firm also recently announced a Thrice Yearly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th were given a dividend of $1.921 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a yield of 6.5%. Grupo Aeroportuario del Centro Norte's dividend payout ratio is presently 98.94%.

About Grupo Aeroportuario del Centro Norte

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.