Advisors Preferred LLC Takes Position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Advisors Preferred LLC purchased a new stake in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,613 shares of the transportation company’s stock, valued at approximately $644,000.

Several other large investors have also recently added to or reduced their stakes in the company. Triumph Capital Management bought a new stake in Grupo Aeroportuario del Centro Norte during the third quarter valued at $30,000. EverSource Wealth Advisors LLC lifted its position in shares of 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 buying an additional 271 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Grupo Aeroportuario del Centro Norte in the 2nd quarter worth about $56,000. Atlas Capital Advisors Inc. bought a new position in shares of Grupo Aeroportuario del Centro Norte in the 4th quarter worth 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 period. 9.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on OMAB. Weiss Ratings downgraded shares of Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 1st. Zacks Research raised shares of Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. HSBC upgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and lifted their target price for the company from $112.00 to $134.00 in a research note on Thursday, April 16th. Citigroup raised Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a report on Friday, May 8th. Finally, Wall Street Zen cut 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 two have issued a Hold rating to the company. According to MarketBeat, Grupo Aeroportuario del Centro Norte currently has a consensus rating of “Moderate Buy” and an average price target of $134.00.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of OMAB opened at $107.64 on Wednesday. The firm has a fifty day moving average of $106.01 and a 200-day moving average of $112.11. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 1.37 and a beta of 0.60. 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 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 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.08). The firm 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%. As a group, equities analysts anticipate 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 announced 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 of this dividend was Tuesday, May 26th. This represents a yield of 571.0%. Grupo Aeroportuario del Centro Norte’s payout ratio is presently 85.12%.

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.