Envestnet Asset Management Inc. Sells 1,162 Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Envestnet Asset Management Inc. reduced its stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,505 shares of the transportation company’s stock after selling 1,162 shares during the period. Envestnet Asset Management Inc. owned about 0.07% of Grupo Aeroportuario del Centro Norte worth $3,218,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Cerity Partners LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte in the first quarter worth $244,000. Empirical Finance LLC bought a new stake in Grupo Aeroportuario del Centro Norte in the 1st quarter worth $2,258,000. US Bancorp DE increased its position in shares of Grupo Aeroportuario del Centro Norte by 25.6% in the first quarter. US Bancorp DE now owns 761 shares of the transportation company’s stock valued at $60,000 after acquiring an additional 155 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in shares of Grupo Aeroportuario del Centro Norte during the first quarter valued at about $1,278,000. Finally, Invesco Ltd. boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 3.3% during the first quarter. Invesco Ltd. now owns 17,775 shares of the transportation company’s stock worth $1,398,000 after purchasing an additional 569 shares during the period. Hedge funds and other institutional investors own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Trading Down 0.0%

OMAB opened at $105.39 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.14 and a debt-to-equity ratio of 1.17. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 52 week low of $62.37 and a 52 week high of $116.25. The stock has a market cap of $4.48 billion, a PE ratio of 18.65, a PEG ratio of 2.90 and a beta of 0.93. The business has a 50 day moving average of $104.18 and a 200-day moving average of $103.79.

Grupo Aeroportuario del Centro Norte Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 5th. Stockholders of record on Wednesday, November 26th will be given a $2.5219 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a dividend yield of 481.0%. Grupo Aeroportuario del Centro Norte’s dividend payout ratio is currently 78.41%.

Analyst Ratings Changes

A number of brokerages recently issued reports on OMAB. Wall Street Zen upgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Tuesday, October 14th. Citigroup restated a “hold” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Wednesday, September 10th. Finally, Zacks Research lowered Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 16th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Grupo Aeroportuario del Centro Norte currently has an average rating of “Hold” and a consensus price target of $102.50.

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.