Healthcare of Ontario Pension Plan Trust Fund Sells 14,200 Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Healthcare of Ontario Pension Plan Trust Fund trimmed its position in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) by 20.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 54,200 shares of the transportation company’s stock after selling 14,200 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Grupo Aeroportuario del Centro Norte were worth $6,218,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jane Street Group LLC bought a new position in shares of Grupo Aeroportuario del Centro Norte in the first quarter worth approximately $591,000. Quantbot Technologies LP bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the second quarter valued at approximately $56,000. EverSource Wealth Advisors LLC raised its holdings in 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 acquiring an additional 271 shares during the last quarter. First Trust Advisors LP bought a new position in Grupo Aeroportuario del Centro Norte in the 2nd quarter valued at approximately $208,000. Finally, Amundi lifted its position in Grupo Aeroportuario del Centro Norte by 34.6% in the 2nd quarter. Amundi now owns 1,870 shares of the transportation company’s stock valued at $203,000 after acquiring an additional 481 shares in the last quarter. 9.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

OMAB has been the topic of several recent analyst reports. HSBC upgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and increased their target price for the company from $112.00 to $134.00 in a research note on Thursday, April 16th. Zacks Research upgraded Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. JPMorgan Chase & Co. raised Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a research report on Wednesday, July 22nd. Citigroup upgraded shares of Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a research note on Friday, May 8th. Finally, Weiss Ratings raised shares of Grupo Aeroportuario del Centro Norte from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $134.00.

Grupo Aeroportuario del Centro Norte Trading Down 1.7%

Grupo Aeroportuario del Centro Norte stock opened at $106.38 on Thursday. The business has a 50-day simple moving average of $105.97 and a two-hundred day simple moving average of $111.72. The company has a market cap of $4.53 billion, a P/E ratio of 17.02, a P/E/G ratio of 1.41 and a beta of 0.60. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 52-week low of $95.69 and a 52-week high of $134.99. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.81.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last issued its quarterly earnings data on Monday, July 27th. The transportation company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.05. Grupo Aeroportuario del Centro Norte had a net margin of 33.17% and a return on equity of 47.54%. The firm had revenue of $255.27 million for the quarter, compared to analysts’ expectations of $227.38 million. Analysts predict that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 6.93 EPS for the current year.

Grupo Aeroportuario del Centro Norte Announces Dividend

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

Grupo Aeroportuario del Centro Norte 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.