Renaissance Group LLC Sells 3,667 Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Renaissance Group LLC cut its stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) by 12.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,410 shares of the transportation company’s stock after selling 3,667 shares during the quarter. Renaissance Group LLC’s holdings in Grupo Aeroportuario del Centro Norte were worth $2,786,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in Grupo Aeroportuario del Centro Norte by 0.5% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,072 shares of the transportation company’s stock valued at $2,329,000 after buying an additional 115 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 0.5% during the first quarter. Envestnet Asset Management Inc. now owns 31,667 shares of the transportation company’s stock worth $2,490,000 after acquiring an additional 150 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of Grupo Aeroportuario del Centro Norte by 3.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,595 shares of the transportation company’s stock valued at $485,000 after purchasing an additional 153 shares during the last quarter. US Bancorp DE increased its stake in shares of Grupo Aeroportuario del Centro Norte by 25.6% during the first quarter. US Bancorp DE now owns 761 shares of the transportation company’s stock worth $60,000 after purchasing an additional 155 shares during the period. Finally, Itau Unibanco Holding S.A. increased its stake in shares of Grupo Aeroportuario del Centro Norte by 3.2% during the first quarter. Itau Unibanco Holding S.A. now owns 6,902 shares of the transportation company’s stock worth $543,000 after purchasing an additional 212 shares during the period. Institutional investors own 9.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Tuesday, October 14th. Zacks Research raised shares of Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. Wall Street Zen raised shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Finally, Citigroup reiterated a “hold” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Wednesday, September 10th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Grupo Aeroportuario del Centro Norte currently has a consensus rating of “Hold” and an average price target of $102.50.

Grupo Aeroportuario del Centro Norte Trading Down 0.3%

OMAB opened at $102.47 on Thursday. The company has a 50-day simple moving average of $103.95 and a 200 day simple moving average of $104.10. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 18.14, a P/E/G ratio of 2.90 and a beta of 0.93. The company has a quick ratio of 0.86, a current ratio of 1.14 and a debt-to-equity ratio of 1.17. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a twelve month low of $62.65 and a twelve month high of $116.25.

Grupo Aeroportuario del Centro Norte Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 5th. Investors of record on Wednesday, November 26th will be paid a $2.5219 dividend. This represents a yield of 481.0%. The ex-dividend date of this dividend is Wednesday, November 26th. Grupo Aeroportuario del Centro Norte’s dividend payout ratio (DPR) is 78.41%.

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.