Fisher Funds Management LTD Purchases 24,583 Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Fisher Funds Management LTD raised its position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) by 19.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 148,551 shares of the transportation company’s stock after acquiring an additional 24,583 shares during the quarter. Fisher Funds Management LTD’s holdings in Grupo Aeroportuario del Centro Norte were worth $17,043,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC purchased a new stake in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter worth about $11,038,000. AQR Capital Management LLC increased its holdings in Grupo Aeroportuario del Centro Norte by 63.4% during the 2nd quarter. AQR Capital Management LLC now owns 102,050 shares of the transportation company’s stock valued at $10,766,000 after purchasing an additional 39,581 shares during the period. Voleon Capital Management LP bought a new position in Grupo Aeroportuario del Centro Norte during the 3rd quarter valued at approximately $3,757,000. Goldman Sachs Group Inc. raised its position in Grupo Aeroportuario del Centro Norte by 171.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 47,253 shares of the transportation company’s stock valued at $5,140,000 after purchasing an additional 29,875 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in Grupo Aeroportuario del Centro Norte by 42.5% in the 4th quarter. Empowered Funds LLC now owns 100,189 shares of the transportation company’s stock worth $11,707,000 after buying an additional 29,870 shares during the period. 9.53% of the stock is owned by institutional investors.

Grupo Aeroportuario del Centro Norte Stock Performance

Grupo Aeroportuario del Centro Norte stock opened at $114.00 on Monday. The stock’s 50 day simple moving average is $106.99 and its two-hundred day simple moving average is $111.69. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 1.50 and a beta of 0.62. 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.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its earnings results on Tuesday, April 28th. The transportation company reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.08). Grupo Aeroportuario del Centro Norte had a return on equity of 49.46% and a net margin of 32.67%.The firm had revenue of $213.33 million for the quarter, compared to analysts’ expectations of $199.73 million. As a group, analysts expect that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 6.95 earnings per share for the current fiscal year.

Grupo Aeroportuario del Centro Norte Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. HSBC upgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $112.00 to $134.00 in a research report on Thursday, April 16th. Wall Street Zen downgraded Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Zacks Research lowered Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Weiss Ratings cut shares of Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 1st. 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 investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $134.00.

Grupo Aeroportuario del Centro Norte Company 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.