Connor Clark & Lunn Investment Management Ltd. Purchases 7,072 Shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Connor Clark & Lunn Investment Management Ltd. lifted its position in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) by 38.5% in the 3rd quarter, Holdings Channel reports. The fund owned 25,421 shares of the transportation company’s stock after acquiring an additional 7,072 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Grupo Aeroportuario del Centro Norte were worth $1,724,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC raised its holdings in Grupo Aeroportuario del Centro Norte by 109.2% in the third quarter. Signaturefd LLC now owns 498 shares of the transportation company’s stock worth $34,000 after purchasing an additional 260 shares in the last quarter. US Bancorp DE grew its position in shares of Grupo Aeroportuario del Centro Norte by 143.8% in the 3rd quarter. US Bancorp DE now owns 507 shares of the transportation company’s stock worth $34,000 after buying an additional 299 shares during the period. Blue Trust Inc. increased its stake in shares of Grupo Aeroportuario del Centro Norte by 565.3% in the 2nd quarter. Blue Trust Inc. now owns 1,131 shares of the transportation company’s stock worth $77,000 after acquiring an additional 961 shares in the last quarter. Virtu Financial LLC purchased a new position in Grupo Aeroportuario del Centro Norte during the 1st quarter valued at about $202,000. Finally, Creative Planning boosted its stake in Grupo Aeroportuario del Centro Norte by 10.5% during the second quarter. Creative Planning now owns 4,444 shares of the transportation company’s stock worth $301,000 after acquiring an additional 423 shares in the last quarter. Hedge funds and other institutional investors own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Price Performance

Shares of NASDAQ OMAB opened at $66.11 on Tuesday. The firm has a market cap of $2.81 billion, a P/E ratio of 11.66, a PEG ratio of 3.94 and a beta of 1.31. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a twelve month low of $59.08 and a twelve month high of $90.53. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.16. The company has a 50 day moving average of $67.67 and a 200 day moving average of $69.58.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The firm also recently declared a Thrice Yearly dividend, which will be paid on Wednesday, November 27th. Stockholders 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%.

Wall Street Analysts Forecast Growth

OMAB has been the subject of a number of analyst reports. Morgan Stanley raised shares of Grupo Aeroportuario del Centro Norte from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $82.00 to $77.00 in a research note on Friday, September 6th. Bank of America cut Grupo Aeroportuario del Centro Norte from a “buy” rating to an “underperform” rating and set a $71.50 price objective for the company. in a research note on Friday, November 15th. Finally, Scotiabank raised Grupo Aeroportuario del Centro Norte from a “sector underperform” rating to a “sector perform” rating in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $80.83.

About Grupo Aeroportuario del Centro Norte

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.