Militia Capital Management LLC Makes New Investment in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Militia Capital Management LLC bought a new position in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 84,826 shares of the transportation company’s stock, valued at approximately $9,732,000. Grupo Aeroportuario del Centro Norte makes up about 2.1% of Militia Capital Management LLC’s holdings, making the stock its 6th biggest holding.

A number of other hedge funds have also modified their holdings of the business. PNC Financial Services Group Inc. lifted its stake in shares of Grupo Aeroportuario del Centro Norte by 13.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,130 shares of the transportation company’s stock worth $123,000 after buying an additional 136 shares in the last quarter. Fifth Third Bancorp raised its holdings in Grupo Aeroportuario del Centro Norte by 22.3% in the 4th quarter. Fifth Third Bancorp now owns 791 shares of the transportation company’s stock valued at $86,000 after acquiring an additional 144 shares during the last quarter. Vident Advisory LLC lifted its stake in Grupo Aeroportuario del Centro Norte by 1.6% in the 4th quarter. Vident Advisory LLC now owns 11,809 shares of the transportation company’s stock worth $1,285,000 after purchasing an additional 188 shares in the last quarter. O Brien Greene & Co. Inc lifted its stake in Grupo Aeroportuario del Centro Norte by 3.4% in the 4th quarter. O Brien Greene & Co. Inc now owns 6,147 shares of the transportation company’s stock worth $669,000 after purchasing an additional 200 shares in the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 5.9% during the 4th quarter. ProShare Advisors LLC now owns 3,838 shares of the transportation company’s stock worth $417,000 after purchasing an additional 215 shares during the last quarter. 9.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on OMAB. 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. Zacks Research raised Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Wall Street Zen cut Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. HSBC raised Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and raised their target price for the stock from $112.00 to $134.00 in a research note on Thursday, April 16th. Finally, Citigroup raised shares of Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $134.00.

Grupo Aeroportuario del Centro Norte Stock Up 1.1%

Shares of NASDAQ OMAB opened at $105.35 on Thursday. The company has a market capitalization of $4.48 billion, a P/E ratio of 17.62, a P/E/G ratio of 1.35 and a beta of 0.60. 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 company has a 50 day simple moving average of $105.84 and a 200-day simple moving average of $111.91. 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.

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

Grupo Aeroportuario del Centro Norte Dividend Announcement

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