Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) is INCA Investments LLC’s 10th Largest Position

INCA Investments LLC lessened its holdings in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) by 97.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,098 shares of the transportation company’s stock after selling 400,808 shares during the period. Grupo Aeroportuario del Centro Norte makes up 0.3% of INCA Investments LLC’s holdings, making the stock its 10th biggest position. INCA Investments LLC’s holdings in Grupo Aeroportuario del Centro Norte were worth $617,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC grew its position in shares of Grupo Aeroportuario del Centro Norte by 109.2% in the third quarter. Signaturefd LLC now owns 498 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 260 shares during the period. US Bancorp DE grew its position in shares of Grupo Aeroportuario del Centro Norte by 143.8% in the third quarter. US Bancorp DE now owns 507 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 299 shares during the period. Blue Trust Inc. grew its position in shares of Grupo Aeroportuario del Centro Norte by 565.3% in the second quarter. Blue Trust Inc. now owns 1,131 shares of the transportation company’s stock valued at $77,000 after purchasing an additional 961 shares during the period. Virtu Financial LLC acquired a new stake in shares of Grupo Aeroportuario del Centro Norte in the first quarter valued at about $202,000. Finally, Creative Planning grew its position in shares of Grupo Aeroportuario del Centro Norte by 10.5% in the second quarter. Creative Planning now owns 4,444 shares of the transportation company’s stock valued at $301,000 after purchasing an additional 423 shares during the period. Hedge funds and other institutional investors own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Price Performance

Shares of OMAB stock opened at $64.99 on Tuesday. The firm’s 50-day moving average is $67.95 and its two-hundred day moving average is $71.13. The company has a market capitalization of $2.76 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 4.02 and a beta of 1.31. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a 12 month low of $58.85 and a 12 month high of $90.53. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 1.08.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The firm also recently disclosed a Thrice Yearly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th will be issued a $1.921 dividend. This represents a dividend yield of 6.5%. The ex-dividend date is Tuesday, November 19th. Grupo Aeroportuario del Centro Norte’s dividend payout ratio (DPR) is currently 101.59%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Morgan Stanley raised shares of Grupo Aeroportuario del Centro Norte from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $82.00 to $77.00 in a research note on Friday, September 6th. Scotiabank raised shares of Grupo Aeroportuario del Centro Norte from a “sector underperform” rating to a “sector perform” rating in a research note on Wednesday, September 25th.

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.