Capital Innovations LLC Invests $1.02 Million in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Capital Innovations LLC purchased a new stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,365 shares of the transportation company’s stock, valued at approximately $1,019,000.

Several other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in Grupo Aeroportuario del Centro Norte by 253.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,973 shares of the transportation company’s stock valued at $2,282,000 after buying an additional 15,761 shares during the last quarter. Integrated Quantitative Investments LLC acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the third quarter valued at $1,052,000. Novem Group acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter valued at $1,167,000. Caprock Group LLC bought a new position in Grupo Aeroportuario del Centro Norte in the third quarter valued at about $776,000. Finally, Quent Capital LLC bought a new position in Grupo Aeroportuario del Centro Norte in the fourth quarter valued at about $2,690,000. Institutional investors own 9.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on OMAB shares. Wall Street Zen downgraded shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings cut shares of Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 1st. Citigroup raised shares of Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a research note on Friday, May 8th. Zacks Research lowered shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th. Finally, HSBC raised shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and raised their price objective for the company from $112.00 to $134.00 in a research note on Thursday, April 16th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $134.00.

Grupo Aeroportuario del Centro Norte Trading Up 3.2%

NASDAQ:OMAB opened at $103.51 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.81. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 1-year low of $95.69 and a 1-year high of $134.99. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 1.32 and a beta of 0.62. The business’s 50-day moving average price is $109.80 and its two-hundred day moving average price is $111.80.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its earnings results on Tuesday, April 28th. The transportation company reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.08). The company had revenue of $213.33 million for the quarter, compared to analyst estimates of $199.73 million. Grupo Aeroportuario del Centro Norte had a return on equity of 49.46% and a net margin of 32.67%. On average, equities analysts expect that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 6.95 earnings per share for the current year.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, June 3rd. Investors of record on Tuesday, May 26th will be issued a dividend of $2.9165 per share. The ex-dividend date is Tuesday, May 26th. This represents a yield of 571.0%. Grupo Aeroportuario del Centro Norte’s payout ratio is currently 85.12%.

Grupo Aeroportuario del Centro Norte Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V. (OMAB) is a Mexican airport operator that develops, manages and operates airports under long‐term concessions granted by the Federal Government of Mexico. The company’s core business covers all aspects of airport operations, including passenger processing, airfield services, security, ground handling, cargo handling and commercial activities such as retail, food and beverage, and parking.

OMA currently holds concession contracts for 13 airports in central and northern Mexico, serving key markets such as Monterrey, Ciudad Juárez, Culiacán, Hermosillo and Torreón.