Mexico City, Mexico, June 21, 2024—Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ: OMAB; BMV: OMA), known as OMA, responded to an inquiry from the Mexican Stock Exchange regarding a recent surge in its trading volume. OMA, a leading airport operator in Mexico, stated that it does not know any undisclosed events that could have triggered the unusual market activity.
The company confirmed that neither its Board of Directors nor relevant executive officers were involved in the trading movements. OMA also clarified that its share repurchase program was not active during the time of the unusual trading volume. The company reassured investors and the public that it remains committed to transparency and will promptly disclose any pertinent information should it become available.
OMA is responsible for the operation of 13 international airports across nine states in central and northern Mexico, including Monterrey, which is the country's third-largest metropolitan area, as well as popular tourist destinations like Acapulco, Mazatlán, and Zihuatanejo.
In addition to airport services, OMA operates a hotel within the Mexico City airport and another at the Monterrey airport. The company employs over 1,200 people to provide various airport and commercial services.
OMA's management has emphasized its ongoing commitment to keep the market informed of any significant events that may affect the company. The information for this article is based on a press release statement.
InvestingPro Insights
In light of Grupo Aeroportuario del Centro Norte's (OMA) recent market attention, investors may find value in the latest metrics and insights from InvestingPro. With a solid market capitalization of $3.33 billion, OMA showcases robust financial health. The company's impressive gross profit margin of 58.51% over the last twelve months as of Q1 2024, coupled with a significant revenue growth of 15.79% in the same period, highlights its efficiency and potential for scalability in the competitive Transportation Infrastructure industry.
OMA's commitment to shareholder value is evident through its substantial dividend yield of 10.14%, which is particularly attractive for income-focused investors. Moreover, the company is trading at a low P/E ratio of 12.03, indicating that its shares may be undervalued relative to near-term earnings growth prospects. For those considering an investment, OMA's fundamentals suggest a promising balance between growth and value.
For more detailed analysis and additional InvestingPro Tips, such as OMA's moderate level of debt and its status as a prominent industry player, visit https://www.investing.com/pro/OMAB. There are 10 more InvestingPro Tips available, which can offer further guidance for your investment decisions. Remember to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, providing you with an even deeper dive into the company's prospects.
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