Walleye Capital LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,120 shares of the transportation company's stock, valued at approximately $822,000.
Several other institutional investors have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 38.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 25,421 shares of the transportation company's stock worth $1,724,000 after acquiring an additional 7,072 shares in the last quarter. Metis Global Partners LLC lifted its stake in Grupo Aeroportuario del Centro Norte by 34.9% in the 3rd quarter. Metis Global Partners LLC now owns 16,597 shares of the transportation company's stock valued at $1,126,000 after buying an additional 4,291 shares in the last quarter. Meixler Investment Management Ltd. lifted its stake in Grupo Aeroportuario del Centro Norte by 5.5% in the 3rd quarter. Meixler Investment Management Ltd. now owns 7,649 shares of the transportation company's stock valued at $519,000 after buying an additional 402 shares in the last quarter. Malaga Cove Capital LLC lifted its stake in Grupo Aeroportuario del Centro Norte by 13.3% in the 3rd quarter. Malaga Cove Capital LLC now owns 19,504 shares of the transportation company's stock valued at $1,323,000 after buying an additional 2,293 shares in the last quarter. Finally, US Bancorp DE lifted its stake in Grupo Aeroportuario del Centro Norte by 143.8% in the 3rd quarter. US Bancorp DE now owns 507 shares of the transportation company's stock valued at $34,000 after buying an additional 299 shares in the last quarter. Hedge funds and other institutional investors own 9.53% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on OMAB shares. Scotiabank raised Grupo Aeroportuario del Centro Norte from a "sector underperform" rating to a "sector perform" rating in a research note on Wednesday, September 25th. Morgan Stanley upgraded Grupo Aeroportuario del Centro Norte from an "equal weight" rating to an "overweight" rating and cut their price target for the company from $82.00 to $77.00 in a report on Friday, September 6th. Finally, Bank of America downgraded Grupo Aeroportuario del Centro Norte from a "buy" rating to an "underperform" rating and set a $71.50 price target for the company. in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Grupo Aeroportuario del Centro Norte presently has a consensus rating of "Hold" and an average price target of $80.83.
Read Our Latest Report on OMAB
Grupo Aeroportuario del Centro Norte Trading Up 3.3 %
Shares of OMAB stock traded up $2.31 on Friday, reaching $72.52. 198,136 shares of the stock were exchanged, compared to its average volume of 66,473. The stock has a market cap of $3.09 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 4.04 and a beta of 1.30. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.16. The firm has a 50 day moving average of $66.70 and a two-hundred day moving average of $68.45. 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.
Grupo Aeroportuario del Centro Norte Dividend Announcement
The company also recently disclosed a Thrice Yearly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 19th were issued a dividend of $1.921 per share. The ex-dividend date was Tuesday, November 19th. This represents a dividend yield of 6.5%. Grupo Aeroportuario del Centro Norte's payout ratio is 99.12%.
About Grupo Aeroportuario del Centro Norte
(
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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