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

GAMMA Investing LLC boosted its stake in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) by 9,378.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,919 shares of the transportation company’s stock after buying an additional 6,846 shares during the quarter. GAMMA Investing LLC’s holdings in Grupo Aeroportuario del Centro Norte were worth $5,440,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OMAB. Tower Research Capital LLC TRC grew its position in shares of Grupo Aeroportuario del Centro Norte by 3,581.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 394 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 94.3% in the 4th quarter. Venturi Wealth Management LLC now owns 575 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 279 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 41.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 200 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the 4th quarter valued at $116,000. Finally, Mission Wealth Management LP acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the 4th quarter valued at $231,000. 9.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on OMAB shares. 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 stock a “buy” rating in a research note on Friday, May 16th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, May 23rd. Jefferies Financial Group upped 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. Finally, Bank of America upgraded shares of Grupo Aeroportuario del Centro Norte from an “underperform” rating to a “neutral” rating in a research report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Grupo Aeroportuario del Centro Norte presently has an average rating of “Hold” and an average price target of $88.38.

Grupo Aeroportuario del Centro Norte Stock Performance

NASDAQ OMAB opened at $103.70 on Tuesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 18.29 and a beta of 0.89. The company’s fifty day moving average is $90.72 and its two-hundred day moving average is $80.58. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a 52-week low of $59.08 and a 52-week high of $105.21.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last issued its earnings results on Tuesday, April 29th. The transportation company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.02. Grupo Aeroportuario del Centro Norte had a net margin of 35.31% and a return on equity of 51.74%. The business had revenue of $174.65 million for the quarter, compared to analyst estimates of $3.58 billion. Equities research analysts forecast 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 declared a semi-annual dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 23rd were issued a dividend of $2.1363 per share. This represents a yield of 4.1%. The ex-dividend date was Friday, May 23rd. Grupo Aeroportuario del Centro Norte’s dividend payout ratio is currently 39.03%.

Grupo Aeroportuario del Centro Norte Company 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.