Renaissance Group LLC Sells 11,543 Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB

Renaissance Group LLC lowered its stake in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) by 43.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,867 shares of the transportation company’s stock after selling 11,543 shares during the quarter. Renaissance Group LLC’s holdings in Grupo Aeroportuario del Centro Norte were worth $1,544,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in OMAB. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Grupo Aeroportuario del Centro Norte by 0.5% during 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 acquiring an additional 115 shares during the period. Blue Trust Inc. lifted its stake in Grupo Aeroportuario del Centro Norte by 34.5% in the third quarter. Blue Trust Inc. now owns 491 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 126 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Grupo Aeroportuario del Centro Norte by 3.4% during 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 period. EverSource Wealth Advisors LLC increased its position in Grupo Aeroportuario del Centro Norte by 288.3% in the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock worth $39,000 after buying an additional 271 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in Grupo Aeroportuario del Centro Norte by 8.0% in the second quarter. ProShare Advisors LLC now owns 3,736 shares of the transportation company’s stock worth $394,000 after buying an additional 278 shares during the last quarter. Institutional investors own 9.53% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on OMAB. Zacks Research upgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. Wall Street Zen lowered shares of Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $102.50.

Grupo Aeroportuario del Centro Norte Stock Up 4.1%

Shares of NASDAQ OMAB opened at $124.48 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.17. The company has a market cap of $5.30 billion, a P/E ratio of 22.03, a P/E/G ratio of 1.92 and a beta of 0.74. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 52 week low of $70.24 and a 52 week high of $124.59. The business has a 50-day simple moving average of $110.84 and a two-hundred day simple moving average of $106.87.

Grupo Aeroportuario del Centro Norte Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 5th. Stockholders of record on Wednesday, November 26th were issued a $2.5219 dividend. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a dividend yield of 471.0%. Grupo Aeroportuario del Centro Norte’s dividend payout ratio is presently 78.05%.

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.