Mather Group LLC. Takes $34,000 Position in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Mather Group LLC. bought a new stake in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 407 shares of the transportation company’s stock, valued at approximately $34,000.

Several other institutional investors and hedge funds have also made changes to their positions in OMAB. INCA Investments LLC raised its holdings in Grupo Aeroportuario del Centro Norte by 10.3% in the fourth quarter. INCA Investments LLC now owns 332,131 shares of the transportation company’s stock valued at $28,108,000 after acquiring an additional 30,987 shares in the last quarter. abrdn plc raised its holdings in Grupo Aeroportuario del Centro Norte by 19.4% in the fourth quarter. abrdn plc now owns 226,535 shares of the transportation company’s stock valued at $19,172,000 after acquiring an additional 36,763 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Grupo Aeroportuario del Centro Norte by 0.5% in the fourth quarter. Russell Investments Group Ltd. now owns 116,322 shares of the transportation company’s stock valued at $9,844,000 after acquiring an additional 602 shares in the last quarter. National Bank of Canada FI raised its holdings in Grupo Aeroportuario del Centro Norte by 63.9% in the fourth quarter. National Bank of Canada FI now owns 114,214 shares of the transportation company’s stock valued at $9,299,000 after acquiring an additional 44,546 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Grupo Aeroportuario del Centro Norte by 5.8% in the third quarter. American Century Companies Inc. now owns 59,648 shares of the transportation company’s stock valued at $5,184,000 after acquiring an additional 3,286 shares in the last quarter. 9.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Scotiabank cut shares of Grupo Aeroportuario del Centro Norte from a “sector perform” rating to a “sector underperform” rating in a report on Wednesday, May 15th.

Grupo Aeroportuario del Centro Norte Stock Up 1.3 %

Shares of NASDAQ:OMAB opened at $69.55 on Tuesday. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 3.97 and a beta of 1.33. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a 1-year low of $50.23 and a 1-year high of $100.21. The company’s fifty day moving average is $79.68 and its two-hundred day moving average is $77.11. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.86 and a current ratio of 1.86.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last issued its earnings results on Thursday, April 25th. The transportation company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.05. The company had revenue of $189.64 million for the quarter. Grupo Aeroportuario del Centro Norte had a net margin of 34.67% and a return on equity of 54.28%. Equities analysts anticipate that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.63 EPS for the current year.

Grupo Aeroportuario del Centro Norte Increases Dividend

The company also recently declared a — dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 22nd were given a dividend of $2.5963 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a dividend yield of 5.3%. This is a positive change from Grupo Aeroportuario del Centro Norte’s previous — dividend of $2.14. Grupo Aeroportuario del Centro Norte’s dividend payout ratio is currently 76.88%.

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.