Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB Stake Increased by Empirical Finance LLC

Empirical Finance LLC boosted its stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) by 73.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 49,941 shares of the transportation company’s stock after buying an additional 21,228 shares during the period. Empirical Finance LLC’s holdings in Grupo Aeroportuario del Centro Norte were worth $5,269,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. AGF Management Ltd. bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the 2nd quarter worth about $872,000. Militia Capital Partners LP increased its holdings in Grupo Aeroportuario del Centro Norte by 18.2% in the first quarter. Militia Capital Partners LP now owns 48,652 shares of the transportation company’s stock valued at $3,826,000 after buying an additional 7,500 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Grupo Aeroportuario del Centro Norte by 133.5% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,443 shares of the transportation company’s stock valued at $152,000 after buying an additional 825 shares during the last quarter. TrueMark Investments LLC acquired a new stake in Grupo Aeroportuario del Centro Norte during the second quarter valued at approximately $1,059,000. Finally, Advisors Capital Management LLC lifted its holdings in Grupo Aeroportuario del Centro Norte by 9.6% during the 2nd quarter. Advisors Capital Management LLC now owns 33,043 shares of the transportation company’s stock worth $3,486,000 after buying an additional 2,902 shares during the last quarter. 9.53% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario del Centro Norte Price Performance

Shares of OMAB opened at $102.79 on Wednesday. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 12 month low of $62.37 and a 12 month high of $116.25. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.14 and a quick ratio of 0.86. The stock has a fifty day moving average price of $104.04 and a 200 day moving average price of $104.11. The company has a market cap of $4.37 billion, a P/E ratio of 18.19, a PEG ratio of 2.90 and a beta of 0.93.

Grupo Aeroportuario del Centro Norte Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 5th. Investors of record on Wednesday, November 26th will be issued a $2.5219 dividend. This represents a dividend yield of 481.0%. The ex-dividend date of this dividend is Wednesday, November 26th. Grupo Aeroportuario del Centro Norte’s dividend payout ratio (DPR) is 78.41%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on OMAB shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Tuesday, October 14th. Wall Street Zen raised shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Zacks Research raised shares of Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. Finally, Citigroup restated a “hold” rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $102.50.

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.