1832 Asset Management L.P. Has $13.27 Million Stock Position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

1832 Asset Management L.P. cut its stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) by 4.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,733 shares of the transportation company’s stock after selling 5,280 shares during the period. 1832 Asset Management L.P. owned 0.30% of Grupo Aeroportuario del Centro Norte worth $13,265,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. US Bancorp DE lifted its position in shares of Grupo Aeroportuario del Centro Norte by 25.6% in the 1st quarter. US Bancorp DE now owns 761 shares of the transportation company’s stock worth $60,000 after purchasing an additional 155 shares during the period. Invesco Ltd. raised its stake in 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 buying an additional 569 shares during the last quarter. American Century Companies Inc. lifted its holdings in Grupo Aeroportuario del Centro Norte by 8.3% in the first quarter. American Century Companies Inc. now owns 97,716 shares of the transportation company’s stock valued at $7,683,000 after buying an additional 7,513 shares during the period. Banco BTG Pactual S.A. bought a new stake in Grupo Aeroportuario del Centro Norte during the first quarter valued at $1,342,000. Finally, Itau Unibanco Holding S.A. boosted its position in Grupo Aeroportuario del Centro Norte by 3.2% during the first quarter. Itau Unibanco Holding S.A. now owns 6,902 shares of the transportation company’s stock valued at $543,000 after acquiring an additional 212 shares during the last quarter. Institutional investors and hedge funds own 9.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Tuesday, October 14th. Citigroup reiterated a “hold” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Wednesday, September 10th. Zacks Research raised Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. Finally, Wall Street Zen raised shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $102.50.

Grupo Aeroportuario del Centro Norte Trading Down 1.7%

NASDAQ OMAB opened at $102.86 on Friday. The company has a quick ratio of 1.14, 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 $66.84 and a 52 week high of $116.25. The business has a 50 day moving average price of $103.45 and a 200-day moving average price of $104.73. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 18.21, a P/E/G ratio of 2.94 and a beta of 0.78.

Grupo Aeroportuario del Centro Norte Dividend Announcement

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 dividend of $2.5219 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a dividend yield of 471.0%. Grupo Aeroportuario del Centro Norte’s payout ratio is presently 78.05%.

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.