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. raised its holdings in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) by 38.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,421 shares of the transportation company’s stock after acquiring an additional 7,072 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.06% of Grupo Aeroportuario del Centro Norte worth $1,724,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. 1832 Asset Management L.P. purchased a new stake in shares of Grupo Aeroportuario del Centro Norte in the 2nd quarter valued at $11,318,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Grupo Aeroportuario del Centro Norte by 355.1% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 53,700 shares of the transportation company’s stock valued at $3,633,000 after buying an additional 41,900 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of Grupo Aeroportuario del Centro Norte by 10.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,659 shares of the transportation company’s stock valued at $312,000 after buying an additional 435 shares during the last quarter. Duff & Phelps Investment Management Co. purchased a new position in shares of Grupo Aeroportuario del Centro Norte in the second quarter worth about $2,300,000. Finally, Virtu Financial LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte in the first quarter worth about $202,000. 9.53% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Centro Norte Trading Up 1.2 %

NASDAQ OMAB opened at $66.11 on Tuesday. The stock has a market cap of $2.81 billion, a P/E ratio of 11.66, a price-to-earnings-growth ratio of 3.94 and a beta of 1.31. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a fifty-two week low of $59.08 and a fifty-two week high of $90.53. The stock has a 50 day simple moving average of $67.67 and a two-hundred day simple moving average of $69.58. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.08.

Grupo Aeroportuario del Centro Norte Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently weighed in on OMAB. Morgan Stanley upgraded Grupo Aeroportuario del Centro Norte from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $82.00 to $77.00 in a report on Friday, September 6th. Bank of America lowered 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 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Grupo Aeroportuario del Centro Norte currently has a consensus rating of “Hold” and an average 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.