Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Shares Acquired by Millennium Management LLC

Millennium Management LLC lifted its stake in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,904 shares of the transportation company’s stock after purchasing an additional 1,460 shares during the period. Millennium Management LLC owned 0.06% of Grupo Aeroportuario del Centro Norte worth $1,847,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Deutsche Bank AG boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 1,173.2% during the 4th quarter. Deutsche Bank AG now owns 273,821 shares of the transportation company’s stock worth $18,795,000 after purchasing an additional 252,315 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the 4th quarter worth approximately $462,000. Parvin Asset Management LLC acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the 4th quarter worth approximately $850,000. AQR Capital Management LLC acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the 4th quarter worth approximately $6,660,000. Finally, Northern Trust Corp boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 643.4% during the 4th quarter. Northern Trust Corp now owns 29,893 shares of the transportation company’s stock worth $2,052,000 after purchasing an additional 25,872 shares during the last quarter. 9.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on OMAB shares. Bank of America upgraded Grupo Aeroportuario del Centro Norte from an “underperform” rating to a “neutral” rating in a report on Monday, May 19th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, May 23rd. The Goldman Sachs Group lifted their price target on shares of Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Finally, Jefferies Financial Group lifted their price target on shares of Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $88.38.

Grupo Aeroportuario del Centro Norte Stock Up 0.0%

OMAB stock opened at $99.27 on Tuesday. The firm has a market cap of $4.22 billion, a PE ratio of 17.51 and a beta of 0.90. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.08. The firm’s 50 day moving average price is $88.42 and its 200-day moving average price is $79.28. 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 $102.74.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.28 by $0.02. The firm had revenue of $174.65 million for the quarter, compared to analyst estimates of $3.58 billion. Grupo Aeroportuario del Centro Norte had a net margin of 35.31% and a return on equity of 51.74%. On average, equities research analysts anticipate that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.53 EPS for the current year.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The company also recently announced a semi-annual dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 23rd were given a $2.1363 dividend. This represents a yield of 4.1%. The ex-dividend date was Friday, May 23rd. Grupo Aeroportuario del Centro Norte’s payout ratio is 39.03%.

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.