Advisors Preferred LLC Buys Shares of 5,613 Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Advisors Preferred LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) during the first quarter, Holdings Channel.com reports. The fund purchased 5,613 shares of the transportation company’s stock, valued at approximately $644,000.

Other institutional investors also recently made changes to their positions in the company. Triumph Capital Management acquired a new stake in shares of Grupo Aeroportuario del Centro Norte in the 3rd quarter worth approximately $30,000. EverSource Wealth Advisors LLC increased its stake in shares of 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 acquiring an additional 271 shares during the period. Quantbot Technologies LP acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the second quarter valued at approximately $56,000. Atlas Capital Advisors Inc. bought a new stake in Grupo Aeroportuario del Centro Norte during the fourth quarter worth approximately $61,000. Finally, Fifth Third Bancorp raised its holdings in Grupo Aeroportuario del Centro Norte by 22.3% during the fourth quarter. Fifth Third Bancorp now owns 791 shares of the transportation company’s stock worth $86,000 after purchasing an additional 144 shares in the last quarter. 9.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on OMAB. Citigroup raised Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a research note on Friday, May 8th. Wall Street Zen downgraded Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings downgraded Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 1st. 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, HSBC raised Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and raised their target price for the company from $112.00 to $134.00 in a research note on Thursday, April 16th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.00.

Grupo Aeroportuario del Centro Norte Stock Up 1.4%

OMAB stock opened at $107.64 on Wednesday. The firm has a market cap of $4.58 billion, a PE ratio of 18.00, a P/E/G ratio of 1.37 and a beta of 0.60. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 12 month low of $95.69 and a 12 month high of $134.99. 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 firm has a 50 day simple moving average of $106.01 and a 200 day simple moving average of $112.11.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 49.46% and a net margin of 32.67%. Equities research analysts forecast that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 6.97 earnings per share for the current fiscal year.

Grupo Aeroportuario del Centro Norte Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Tuesday, May 26th were paid a dividend of $2.9165 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a dividend yield of 571.0%. Grupo Aeroportuario del Centro Norte’s dividend payout ratio (DPR) is currently 85.12%.

Grupo Aeroportuario del Centro Norte Profile

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.