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Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB – Get Rating) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 83,100 shares, a decrease of 19.1% from the November 30th total of 102,700 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 87,800 shares, the short-interest ratio is currently 0.9 days.
Institutional Trading of Grupo Aeroportuario del Centro Norte
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its position in shares of Grupo Aeroportuario del Centro Norte by 62.7% in the third quarter. Royal Bank of Canada now owns 532 shares of the transportation company’s stock worth $27,000 after purchasing an additional 205 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Grupo Aeroportuario del Centro Norte by 37.2% in the second quarter. Quadrant Capital Group LLC now owns 1,047 shares of the transportation company’s stock worth $54,000 after purchasing an additional 284 shares during the period. Deutsche Bank AG boosted its position in shares of Grupo Aeroportuario del Centro Norte by 1.1% in the second quarter. Deutsche Bank AG now owns 35,182 shares of the transportation company’s stock worth $1,802,000 after purchasing an additional 373 shares during the period. Atlas Capital Advisors LLC bought a new position in shares of Grupo Aeroportuario del Centro Norte in the third quarter worth approximately $28,000. Finally, Invesco Ltd. boosted its position in shares of Grupo Aeroportuario del Centro Norte by 4.3% in the first quarter. Invesco Ltd. now owns 20,195 shares of the transportation company’s stock worth $1,205,000 after purchasing an additional 834 shares during the period. 9.38% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts have recently issued reports on OMAB shares. UBS Group downgraded shares of Grupo Aeroportuario del Centro Norte from a «buy» rating to a «neutral» rating in a research note on Monday, November 21st. StockNews.com assumed coverage on shares of Grupo Aeroportuario del Centro Norte in a report on Wednesday, October 12th. They set a «hold» rating for the company. Citigroup cut shares of Grupo Aeroportuario del Centro Norte from a «neutral» rating to a «sell» rating and set a $58.00 price objective for the company. in a report on Wednesday, December 14th. JPMorgan Chase & Co. cut shares of Grupo Aeroportuario del Centro Norte from an «overweight» rating to a «neutral» rating in a report on Monday, November 21st. Finally, The Goldman Sachs Group boosted their price objective on shares of Grupo Aeroportuario del Centro Norte from $55.00 to $64.00 and gave the company a «buy» rating in a report on Tuesday, November 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of «Hold» and a consensus price target of $64.50.
Grupo Aeroportuario del Centro Norte Stock Performance
OMAB stock traded down $1.13 during midday trading on Friday, reaching $62.41. 1,184 shares of the company’s stock traded hands, compared to its average volume of 70,317. Grupo Aeroportuario del Centro Norte has a 52-week low of $46.53 and a 52-week high of $71.86. The stock has a market cap of $2.65 billion, a P/E ratio of 16.33, a PEG ratio of 5.96 and a beta of 1.26. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04. The stock’s 50-day moving average is $66.05 and its 200 day moving average is $57.46.
Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB – Get Rating) last announced its earnings results on Friday, October 28th. The transportation company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.01. Grupo Aeroportuario del Centro Norte had a net margin of 34.53% and a return on equity of 46.33%. The business had revenue of $155.51 million during the quarter. As a group, analysts anticipate that Grupo Aeroportuario del Centro Norte will post 3.62 EPS for the current year.
About Grupo Aeroportuario del Centro Norte
(Get Rating)
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.
Further Reading
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