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 cut its stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) by 21.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 owned about 0.07% of Grupo Aeroportuario del Centro Norte worth $3,449,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Triumph Capital Management purchased a new stake in shares of Grupo Aeroportuario del Centro Norte in the third quarter worth about $30,000. EverSource Wealth Advisors LLC raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 288.3% during the 2nd 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 purchased a new stake in shares of Grupo Aeroportuario del Centro Norte during the 2nd quarter valued at about $56,000. Atlas Capital Advisors Inc. acquired a new position in Grupo Aeroportuario del Centro Norte during the 4th quarter worth approximately $61,000. Finally, Fifth Third Bancorp lifted its position in Grupo Aeroportuario del Centro Norte by 22.3% during the 4th quarter. Fifth Third Bancorp now owns 791 shares of the transportation company’s stock worth $86,000 after acquiring an additional 144 shares in the last quarter. Institutional investors and hedge funds own 9.53% of the company’s stock.

Analyst Ratings Changes

OMAB has been the subject of several recent research reports. 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. HSBC raised shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and boosted their target price for the stock from $112.00 to $134.00 in a research report on Thursday, April 16th. Citigroup upgraded 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 raised shares of Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Finally, Weiss Ratings lowered shares of Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 1st. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $134.00.

Grupo Aeroportuario del Centro Norte Price Performance

OMAB opened at $107.90 on Thursday. The company has a 50-day moving average of $106.03 and a 200-day moving average of $112.08. The company has a market capitalization of $4.59 billion, a P/E ratio of 18.04, a PEG ratio of 1.39 and a beta of 0.60. 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 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 issued its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.41 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 the consensus estimate of $199.73 million. Grupo Aeroportuario del Centro Norte had a return on equity of 49.46% and a net margin of 32.67%. Equities analysts expect that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 6.97 EPS 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 paid a dividend of $2.9165 per share. The ex-dividend date 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.