Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Sees Strong Trading Volume – Here’s Why

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) saw strong trading volume on Thursday . 75,831 shares changed hands during trading, an increase of 65% from the previous session’s volume of 45,971 shares.The stock last traded at $105.60 and had previously closed at $107.93.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, January 9th. Zacks Research upgraded shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Wall Street Zen upgraded shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $102.50.

Grupo Aeroportuario del Centro Norte Stock Performance

The firm has a market capitalization of $4.55 billion, a PE ratio of 18.91, a PEG ratio of 1.66 and a beta of 0.76. The stock’s 50 day moving average price is $106.99 and its two-hundred day moving average price is $106.19. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.17.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings data on Thursday, October 23rd. The transportation company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.12. The firm had revenue of $214.50 million during the quarter, compared to analysts’ expectations of $4.31 billion. Grupo Aeroportuario del Centro Norte had a return on equity of 53.08% and a net margin of 33.36%. On average, equities analysts expect that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 5.53 earnings per share for the current year.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 5th. Investors of record on Wednesday, November 26th were paid a dividend of $2.5219 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a dividend yield of 471.0%. Grupo Aeroportuario del Centro Norte’s dividend payout ratio is presently 78.05%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in OMAB. TrueMark Investments LLC grew its stake in shares of Grupo Aeroportuario del Centro Norte by 15.0% in the fourth quarter. TrueMark Investments LLC now owns 13,266 shares of the transportation company’s stock valued at $1,443,000 after buying an additional 1,734 shares in the last quarter. Marshall Financial Group LLC acquired a new stake in Grupo Aeroportuario del Centro Norte in the fourth quarter valued at approximately $772,000. JPMorgan Chase & Co. grew its position in Grupo Aeroportuario del Centro Norte by 253.7% in the third quarter. JPMorgan Chase & Co. now owns 21,973 shares of the transportation company’s stock valued at $2,282,000 after acquiring an additional 15,761 shares in the last quarter. Triumph Capital Management purchased a new stake in shares of Grupo Aeroportuario del Centro Norte during the third quarter valued at approximately $30,000. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of Grupo Aeroportuario del Centro Norte by 3.5% during the third quarter. CANADA LIFE ASSURANCE Co now owns 27,010 shares of the transportation company’s stock worth $2,777,000 after purchasing an additional 911 shares in the last quarter. Hedge funds and other institutional investors own 9.53% of the company’s stock.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V. (OMAB) is a Mexican airport operator that develops, manages and operates airports under long‐term concessions granted by the Federal Government of Mexico. The company’s core business covers all aspects of airport operations, including passenger processing, airfield services, security, ground handling, cargo handling and commercial activities such as retail, food and beverage, and parking.

OMA currently holds concession contracts for 13 airports in central and northern Mexico, serving key markets such as Monterrey, Ciudad Juárez, Culiacán, Hermosillo and Torreón.