Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Shares Up 5.2%

Shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) traded up 5.2% on Wednesday . The company traded as high as $69.63 and last traded at $69.63. 12,993 shares traded hands during trading, a decline of 75% from the average session volume of 52,548 shares. The stock had previously closed at $66.16.

Analysts Set New Price Targets

Separately, Scotiabank cut shares of Grupo Aeroportuario del Centro Norte from a “sector perform” rating to a “sector underperform” rating in a report on Wednesday, May 15th.

Grupo Aeroportuario del Centro Norte Price Performance

The firm has a market capitalization of $2.90 billion, a PE ratio of 11.66, a P/E/G ratio of 3.91 and a beta of 1.33. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.86 and a quick ratio of 1.86. The business’s 50 day moving average is $78.56 and its two-hundred day moving average is $76.82.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last announced its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.05. Grupo Aeroportuario del Centro Norte had a net margin of 34.67% and a return on equity of 54.28%. The firm had revenue of $189.64 million during the quarter. As a group, research analysts anticipate that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.63 EPS for the current year.

Grupo Aeroportuario del Centro Norte Increases Dividend

The company also recently announced a — dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 22nd were paid a $2.5963 dividend. This represents a dividend yield of 5.3%. The ex-dividend date was Tuesday, May 21st. This is a boost from Grupo Aeroportuario del Centro Norte’s previous — dividend of $2.14. Grupo Aeroportuario del Centro Norte’s dividend payout ratio (DPR) is presently 76.88%.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Hedge funds and other institutional investors have recently modified their holdings of the business. SPX Gestao de Recursos Ltda bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the 4th quarter worth approximately $1,132,000. INCA Investments LLC lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 10.3% during the fourth quarter. INCA Investments LLC now owns 332,131 shares of the transportation company’s stock valued at $28,108,000 after purchasing an additional 30,987 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 132.5% during the 4th quarter. BNP Paribas Financial Markets now owns 33,515 shares of the transportation company’s stock valued at $2,836,000 after acquiring an additional 19,097 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Grupo Aeroportuario del Centro Norte in the 4th quarter worth approximately $3,203,000. Finally, Anthracite Investment Company Inc. bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the fourth quarter worth $899,000. 9.53% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Centro Norte Company Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities.