Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System trimmed its holdings in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) by 21.3% during the first quarter, Holdings Channel reports. The firm owned 30,066 shares of the transportation company’s stock after selling 8,119 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Grupo Aeroportuario del Centro Norte were worth $3,449,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of OMAB. QRG Capital Management Inc. acquired a new position in shares of Grupo Aeroportuario del Centro Norte in the 1st quarter valued at about $274,000. Ritholtz Wealth Management lifted its holdings in Grupo Aeroportuario del Centro Norte by 5.6% in the first quarter. Ritholtz Wealth Management now owns 13,746 shares of the transportation company’s stock worth $1,577,000 after acquiring an additional 734 shares during the last quarter. TrueMark Investments LLC lifted its holdings in Grupo Aeroportuario del Centro Norte by 14.1% in the first quarter. TrueMark Investments LLC now owns 15,136 shares of the transportation company’s stock worth $1,737,000 after acquiring an additional 1,870 shares during the last quarter. Fisher Funds Management LTD boosted its stake in Grupo Aeroportuario del Centro Norte by 19.8% in the first quarter. Fisher Funds Management LTD now owns 148,551 shares of the transportation company’s stock valued at $17,043,000 after acquiring an additional 24,583 shares during the period. Finally, Vident Advisory LLC boosted its stake in Grupo Aeroportuario del Centro Norte by 1.6% in the fourth quarter. Vident Advisory LLC now owns 11,809 shares of the transportation company’s stock valued at $1,285,000 after acquiring an additional 188 shares during the period. 9.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Zacks Research upgraded Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Weiss Ratings lowered Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 1st. Citigroup upgraded Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a research note on Friday, May 8th. Wall Street Zen lowered Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, HSBC upgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and raised their target price 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 and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.00.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of OMAB stock opened at $107.90 on Thursday. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 12-month low of $95.69 and a 12-month high of $134.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 1.39 and a beta of 0.60. The business has a 50 day simple moving average of $106.03 and a 200 day simple moving average of $112.08.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last announced its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.08). Grupo Aeroportuario del Centro Norte had a return on equity of 49.46% and a net margin of 32.67%.The business had revenue of $213.33 million for the quarter, compared to analyst estimates of $199.73 million. On average, equities research analysts anticipate that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 6.97 EPS for the current year.

Grupo Aeroportuario del Centro Norte Dividend Announcement

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

About Grupo Aeroportuario del Centro Norte

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.