Renaissance Technologies LLC Has $17.92 Million Stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Renaissance Technologies LLC lessened its stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) by 3.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 156,200 shares of the transportation company’s stock after selling 5,000 shares during the quarter. Renaissance Technologies LLC’s holdings in Grupo Aeroportuario del Centro Norte were worth $17,921,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Triumph Capital Management acquired a new position in shares of Grupo Aeroportuario del Centro Norte in the 3rd quarter valued at $30,000. EverSource Wealth Advisors LLC boosted its stake in Grupo Aeroportuario del Centro Norte by 288.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock worth $39,000 after purchasing an additional 271 shares during the period. Quantbot Technologies LP bought a new stake in Grupo Aeroportuario del Centro Norte in the 2nd quarter valued at approximately $56,000. Atlas Capital Advisors Inc. bought a new position in shares of Grupo Aeroportuario del Centro Norte in the 4th quarter valued at about $61,000. Finally, Fifth Third Bancorp boosted its holdings in shares of 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 buying an additional 144 shares during the last quarter. Institutional investors own 9.53% of the company’s stock.

Wall Street Analyst Weigh In

OMAB has been the subject of several research reports. JPMorgan Chase & Co. raised Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 22nd. Citigroup raised shares of Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a report on Friday, May 8th. Weiss Ratings upgraded shares of Grupo Aeroportuario del Centro Norte from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Zacks Research upgraded Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Wall Street Zen downgraded Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $134.00.

Grupo Aeroportuario del Centro Norte Trading Up 1.6%

Shares of OMAB stock opened at $108.09 on Friday. The stock has a market cap of $4.60 billion, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 1.38 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 current ratio of 0.66, a quick ratio of 1.12 and a debt-to-equity ratio of 1.10. The stock has a 50 day simple moving average of $106.04 and a 200 day simple moving average of $111.70.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last issued its earnings results on Monday, July 27th. The transportation company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.05). The business had revenue of $255.27 million for the quarter, compared to analyst estimates of $227.38 million. Grupo Aeroportuario del Centro Norte had a return on equity of 49.50% and a net margin of 33.17%. On average, research analysts predict 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 Dividend Announcement

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