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

Fmr LLC cut its position in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) by 5.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,291 shares of the transportation company’s stock after selling 738 shares during the quarter. Fmr LLC’s holdings in Grupo Aeroportuario del Centro Norte were worth $834,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. acquired a new position in shares of Grupo Aeroportuario del Centro Norte in the second quarter valued at approximately $11,318,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in Grupo Aeroportuario del Centro Norte by 355.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 53,700 shares of the transportation company’s stock worth $3,633,000 after purchasing an additional 41,900 shares during the period. Duff & Phelps Investment Management Co. purchased a new position in shares of Grupo Aeroportuario del Centro Norte during the 2nd quarter worth approximately $2,300,000. Marshall Wace LLP lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 78.1% in the 2nd quarter. Marshall Wace LLP now owns 69,809 shares of the transportation company’s stock valued at $4,723,000 after buying an additional 30,604 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in Grupo Aeroportuario del Centro Norte during the second quarter worth $1,563,000. Hedge funds and other institutional investors own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Stock Down 0.3 %

Shares of Grupo Aeroportuario del Centro Norte stock opened at $73.80 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.16. The business has a 50-day moving average price of $67.43 and a 200 day moving average price of $67.84. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a fifty-two week low of $59.08 and a fifty-two week high of $90.53. The firm has a market cap of $3.14 billion, a P/E ratio of 13.02, a P/E/G ratio of 4.39 and a beta of 1.30.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The business also recently disclosed a Thrice Yearly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th were paid a dividend of $1.921 per share. The ex-dividend date was Tuesday, November 19th. This represents a yield of 6.5%. Grupo Aeroportuario del Centro Norte’s payout ratio is currently 98.94%.

Wall Street Analyst Weigh In

A number of research firms have commented on OMAB. Morgan Stanley upgraded Grupo Aeroportuario del Centro Norte from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $82.00 to $77.00 in a research report on Friday, September 6th. Scotiabank raised shares of Grupo Aeroportuario del Centro Norte from a “sector underperform” rating to a “sector perform” rating in a research note on Wednesday, September 25th. Finally, Bank of America cut shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to an “underperform” rating and set a $71.50 target price for the company. in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $80.83.

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.