Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,334 shares of the transportation company’s stock after selling 200 shares during the quarter. Rhumbline Advisers’ holdings in Grupo Aeroportuario del Centro Norte were worth $734,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in OMAB. Fisher Funds Management LTD purchased a new stake in Grupo Aeroportuario del Centro Norte during the 4th quarter valued at approximately $33,617,000. Deutsche Bank AG raised its stake in 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 valued at $18,795,000 after acquiring an additional 252,315 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Grupo Aeroportuario del Centro Norte during the 4th quarter valued at approximately $6,660,000. Arrowstreet Capital Limited Partnership raised its stake in Grupo Aeroportuario del Centro Norte by 30.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 173,672 shares of the transportation company’s stock valued at $11,921,000 after acquiring an additional 40,878 shares during the last quarter. Finally, Uniplan Investment Counsel Inc. purchased a new stake in Grupo Aeroportuario del Centro Norte during the 4th quarter valued at approximately $1,850,000. 9.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on OMAB. Bank of America raised Grupo Aeroportuario del Centro Norte from an “underperform” rating to a “neutral” rating in a research note on Monday, May 19th. The Goldman Sachs Group upped their price objective on Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, May 23rd. One research 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. Based on data from MarketBeat, Grupo Aeroportuario del Centro Norte has an average rating of “Hold” and a consensus price target of $88.38.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of OMAB stock opened at $100.43 on Friday. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 2.66 and a beta of 0.89. The stock has a 50 day simple moving average of $95.57 and a 200-day simple moving average of $82.77. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 12-month low of $59.08 and a 12-month high of $108.23. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.92.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.02. The business had revenue of $174.65 million during the quarter, compared to the consensus estimate of $3.58 billion. Grupo Aeroportuario del Centro Norte had a return on equity of 52.68% and a net margin of 34.62%. On average, equities 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 firm also recently announced a semi-annual dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 23rd were paid a dividend of $2.1363 per share. This represents a dividend yield of 4.1%. The ex-dividend date was Friday, May 23rd. Grupo Aeroportuario del Centro Norte’s dividend payout ratio (DPR) is 39.22%.

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.