Azimuth Capital Management LLC boosted its holdings in Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) by 28.2% in the first quarter, Holdings Channel reports. The institutional investor owned 114,470 shares of the transportation company’s stock after buying an additional 25,161 shares during the period. Azimuth Capital Management LLC’s holdings in Grupo Aeroportuario del Centro Nort were worth $5,161,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jane Street Group LLC bought a new position in Grupo Aeroportuario del Centro Nort in the 4th quarter valued at approximately $1,234,000. Millennium Management LLC raised its holdings in Grupo Aeroportuario del Centro Nort by 33.8% in the 4th quarter. Millennium Management LLC now owns 90,641 shares of the transportation company’s stock valued at $3,446,000 after buying an additional 22,886 shares during the last quarter. SPX Equities Gestao de Recursos Ltda bought a new position in Grupo Aeroportuario del Centro Nort in the 1st quarter valued at approximately $1,055,000. O Shaughnessy Asset Management LLC raised its holdings in Grupo Aeroportuario del Centro Nort by 639.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,024 shares of the transportation company’s stock valued at $115,000 after buying an additional 2,615 shares during the last quarter. Finally, Opus Capital Group LLC raised its holdings in Grupo Aeroportuario del Centro Nort by 2.3% in the 4th quarter. Opus Capital Group LLC now owns 54,098 shares of the transportation company’s stock valued at $2,057,000 after buying an additional 1,207 shares during the last quarter. Institutional investors and hedge funds own 13.52% of the company’s stock.

Grupo Aeroportuario del Centro Nort stock opened at $48.59 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.36 and a quick ratio of 3.36. Grupo Aeroportuario del Centro Nort has a 52-week low of $33.39 and a 52-week high of $58.10. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 5.10 and a beta of 0.94.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.11. Grupo Aeroportuario del Centro Nort had a net margin of 37.98% and a return on equity of 37.05%. The firm had revenue of $101.10 million during the quarter. Analysts forecast that Grupo Aeroportuario del Centro Nort will post 3.3 earnings per share for the current year.

The company also recently declared an annual dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 20th were issued a dividend of $1.6864 per share. This is a positive change from Grupo Aeroportuario del Centro Nort’s previous annual dividend of $1.47. The ex-dividend date of this dividend was Friday, May 17th. This represents a yield of 3.42%. Grupo Aeroportuario del Centro Nort’s dividend payout ratio (DPR) is presently 50.17%.

A number of research analysts recently issued reports on the stock. ValuEngine upgraded shares of Grupo Aeroportuario del Centro Nort from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research lowered shares of Grupo Aeroportuario del Centro Nort from a “buy” rating to a “hold” rating in a report on Thursday. BidaskClub upgraded shares of Grupo Aeroportuario del Centro Nort from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 22nd. Finally, Scotiabank upgraded shares of Grupo Aeroportuario del Centro Nort from a “sector perform” rating to an “outperform” rating in a report on Monday, February 11th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Grupo Aeroportuario del Centro Nort presently has an average rating of “Buy” and an average target price of $52.67.

ILLEGAL ACTIVITY WARNING: “Azimuth Capital Management LLC Raises Position in Grupo Aeroportuario del Centro Nort (OMAB)” was posted by Watch List News and is the property of of Watch List News. If you are reading this article on another domain, it was illegally copied and republished in violation of U.S. & international copyright laws. The legal version of this article can be accessed at https://www.watchlistnews.com/azimuth-capital-management-llc-raises-position-in-grupo-aeroportuario-del-centro-nort-omab/3029867.html.

Grupo Aeroportuario del Centro Nort Company Profile

Grupo Aeroportuario del Centro Norte, S. A. B. de C. V., through its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, Zacatecas, Ciudad Juárez, and Reynosa cities.

Read More: What are trading strategies for the 52-week high/low?

Want to see what other hedge funds are holding OMAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB).

Institutional Ownership by Quarter for Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB)

Receive News & Ratings for Grupo Aeroportuario del Centro Nort Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Aeroportuario del Centro Nort and related companies with MarketBeat.com's FREE daily email newsletter.