Metis Global Partners LLC Acquires 4,291 Shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Metis Global Partners LLC raised its holdings in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) by 34.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,597 shares of the transportation company’s stock after acquiring an additional 4,291 shares during the period. Metis Global Partners LLC’s holdings in Grupo Aeroportuario del Centro Norte were worth $1,126,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Meixler Investment Management Ltd. grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 5.5% during the 3rd quarter. Meixler Investment Management Ltd. now owns 7,649 shares of the transportation company’s stock valued at $519,000 after purchasing an additional 402 shares during the last quarter. Malaga Cove Capital LLC boosted its position 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 valued at $1,323,000 after buying an additional 2,293 shares in the last quarter. US Bancorp DE boosted its position in 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 buying an additional 299 shares in the last quarter. Signaturefd LLC grew its stake in shares of Grupo Aeroportuario del Centro Norte by 109.2% during the third quarter. Signaturefd LLC now owns 498 shares of the transportation company’s stock worth $34,000 after buying an additional 260 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Grupo Aeroportuario del Centro Norte by 147.1% during the third quarter. Blue Trust Inc. now owns 2,795 shares of the transportation company’s stock worth $189,000 after buying an additional 1,664 shares in the last quarter. Institutional investors and hedge funds own 9.53% of the company’s stock.

Analyst Upgrades and Downgrades

OMAB has been the topic of a number of research reports. Bank of America lowered Grupo Aeroportuario del Centro Norte from a “buy” rating to an “underperform” rating and set a $71.50 price objective on the stock. in a research report on Friday. Morgan Stanley upgraded Grupo Aeroportuario del Centro Norte from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $82.00 to $77.00 in a report on Friday, September 6th. Finally, Scotiabank upgraded shares of Grupo Aeroportuario del Centro Norte from a “sector underperform” rating to a “sector perform” rating in a report on Wednesday, September 25th. One investment 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’s stock. According to data from MarketBeat, Grupo Aeroportuario del Centro Norte presently has a consensus rating of “Hold” and a consensus price target of $80.83.

Grupo Aeroportuario del Centro Norte Stock Down 4.2 %

Shares of NASDAQ:OMAB opened at $63.09 on Friday. The firm has a market cap of $2.68 billion, a P/E ratio of 11.13, a P/E/G ratio of 3.99 and a beta of 1.31. 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 business has a fifty day simple moving average of $68.08 and a 200 day simple moving average of $70.60. 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 Announces Dividend

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

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.