14,380 Shares in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB Bought by Partners Group Holding AG

Partners Group Holding AG bought a new position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 14,380 shares of the transportation company’s stock, valued at approximately $1,564,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in shares of 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 buying an additional 39,581 shares during the last quarter. Voleon Capital Management LP purchased a new position in shares of Grupo Aeroportuario del Centro Norte during the 3rd quarter valued at about $3,757,000. Militia Capital Partners LP raised its stake in shares of Grupo Aeroportuario del Centro Norte by 60.8% during the 2nd quarter. Militia Capital Partners LP now owns 78,252 shares of the transportation company’s stock valued at $8,256,000 after buying an additional 29,600 shares during the last quarter. Quent Capital LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte during the 4th quarter valued at about $2,690,000. Finally, Millennium Management LLC raised its stake in shares of Grupo Aeroportuario del Centro Norte by 125.0% during the 3rd quarter. Millennium Management LLC now owns 40,496 shares of the transportation company’s stock valued at $4,206,000 after buying an additional 22,497 shares during the last quarter. Hedge funds and other institutional investors own 9.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OMAB. Citigroup upgraded Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a research note on Friday, May 8th. Zacks Research lowered Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. HSBC upgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and lifted their price objective for the company from $112.00 to $134.00 in a research note on Thursday, April 16th. Weiss Ratings lowered Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 1st. Finally, Wall Street Zen lowered Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Grupo Aeroportuario del Centro Norte currently has a consensus rating of “Hold” and a consensus target price of $134.00.

Grupo Aeroportuario del Centro Norte Trading Down 1.1%

OMAB stock opened at $103.44 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.81. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 12-month low of $95.19 and a 12-month high of $134.99. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 1.10 and a beta of 0.64. The business’s 50-day moving average is $111.01 and its 200 day moving average is $111.81.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings data 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). 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 during the quarter, compared to analyst estimates of $199.73 million. On average, sell-side analysts anticipate that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 6.99 EPS for the current fiscal year.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Tuesday, May 26th will be issued a dividend of $2.9165 per share. This represents a dividend yield of 558.0%. The ex-dividend date is Tuesday, May 26th. Grupo Aeroportuario del Centro Norte’s payout ratio is currently 73.75%.

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.