Empowered Funds LLC Increases Stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Empowered Funds LLC lifted its holdings in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) by 68.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 168,401 shares of the transportation company’s stock after buying an additional 68,212 shares during the quarter. Empowered Funds LLC’s holdings in Grupo Aeroportuario del Centro Norte were worth $19,321,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Triumph Capital Management bought a new stake in Grupo Aeroportuario del Centro Norte in the third quarter worth $30,000. EverSource Wealth Advisors LLC boosted its position in Grupo Aeroportuario del Centro Norte by 288.3% during the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock valued at $39,000 after buying an additional 271 shares during the period. Quantbot Technologies LP bought a new position in shares of Grupo Aeroportuario del Centro Norte during the second quarter valued at about $56,000. Atlas Capital Advisors Inc. bought a new position in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter valued at about $61,000. Finally, Fifth Third Bancorp increased its holdings in shares of Grupo Aeroportuario del Centro Norte by 22.3% in the fourth quarter. Fifth Third Bancorp now owns 791 shares of the transportation company’s stock worth $86,000 after buying an additional 144 shares during the period. Hedge funds and other institutional investors own 9.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on OMAB shares. Weiss Ratings cut Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 1st. Wall Street Zen lowered Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. 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. JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 22nd. Finally, HSBC raised shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and increased their price target for the company from $112.00 to $134.00 in a research report on Thursday, April 16th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $134.00.

Grupo Aeroportuario del Centro Norte Stock Up 3.3%

OMAB stock opened at $108.27 on Wednesday. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a fifty-two week low of $95.69 and a fifty-two week high of $134.99. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 1.36 and a beta of 0.60. The business’s 50 day moving average price is $105.95 and its two-hundred day moving average price is $111.76. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.12 and a current ratio of 1.12.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last released its earnings results on Monday, July 27th. The transportation company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.05. Grupo Aeroportuario del Centro Norte had a return on equity of 49.46% and a net margin of 32.67%.The company had revenue of $255.27 million during the quarter, compared to analysts’ expectations of $227.38 million. As a group, analysts forecast that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 6.93 earnings per share for the current fiscal year.

Grupo Aeroportuario del Centro Norte Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Tuesday, May 26th were given a dividend of $2.9165 per share. 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 (DPR) is currently 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.