Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Holdings Cut by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund reduced its stake in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) by 22.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,900 shares of the transportation company’s stock after selling 11,800 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.10% of Grupo Aeroportuario del Centro Norte worth $2,842,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of OMAB. Connor Clark & Lunn Investment Management Ltd. boosted its position in Grupo Aeroportuario del Centro Norte by 38.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 25,421 shares of the transportation company’s stock valued at $1,724,000 after purchasing an additional 7,072 shares during the last quarter. Metis Global Partners LLC lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 34.9% during the 3rd quarter. Metis Global Partners LLC now owns 16,597 shares of the transportation company’s stock valued at $1,126,000 after buying an additional 4,291 shares during the last quarter. Meixler Investment Management Ltd. grew its stake in shares of Grupo Aeroportuario del Centro Norte by 5.5% in the 3rd quarter. Meixler Investment Management Ltd. now owns 7,649 shares of the transportation company’s stock valued at $519,000 after buying an additional 402 shares in the last quarter. Malaga Cove Capital LLC increased its holdings in Grupo Aeroportuario del Centro Norte by 13.3% in the third quarter. Malaga Cove Capital LLC now owns 19,504 shares of the transportation company’s stock worth $1,323,000 after buying an additional 2,293 shares during the last quarter. Finally, US Bancorp DE raised its position in Grupo Aeroportuario del Centro Norte by 143.8% during the third quarter. US Bancorp DE now owns 507 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 299 shares in the last quarter. 9.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OMAB has been the subject of several recent research reports. Morgan Stanley raised shares of Grupo Aeroportuario del Centro Norte from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $82.00 to $77.00 in a research report on Friday, September 6th. Bank of America cut shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to an “underperform” rating and set a $71.50 price objective for the company. in a report on Friday, November 15th. Finally, Scotiabank upgraded Grupo Aeroportuario del Centro Norte from a “sector underperform” rating to a “sector perform” rating in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $80.83.

Grupo Aeroportuario del Centro Norte Trading Up 0.6 %

NASDAQ:OMAB opened at $65.23 on Friday. The company’s 50 day moving average is $67.02 and its 200-day moving average is $69.18. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.16. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a 12 month low of $59.08 and a 12 month high of $90.53. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 3.92 and a beta of 1.31.

Grupo Aeroportuario del Centro Norte Announces Dividend

The company also recently announced a Thrice Yearly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 19th were given a dividend of $1.921 per share. This represents a yield of 6.5%. The ex-dividend date of this dividend was Tuesday, November 19th. Grupo Aeroportuario del Centro Norte’s dividend payout ratio is 99.12%.

Grupo Aeroportuario del Centro Norte 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.