Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Reaches New 52-Week High – Here’s Why

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $121.36 and last traded at $119.87, with a volume of 3710 shares trading hands. The stock had previously closed at $120.18.

Wall Street Analyst Weigh In

Several brokerages have weighed in on OMAB. Zacks Research raised shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. Wall Street Zen upgraded Grupo Aeroportuario del Centro Norte from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $102.50.

Grupo Aeroportuario del Centro Norte Trading Up 4.1%

The firm has a market cap of $5.30 billion, a P/E ratio of 22.03, a P/E/G ratio of 1.84 and a beta of 0.74. The business’s 50-day moving average is $110.84 and its two-hundred day moving average is $106.87. 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 Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 5th. Investors of record on Wednesday, November 26th were issued a $2.5219 dividend. 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 (DPR) is 78.05%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in OMAB. Triumph Capital Management acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the third quarter valued at $30,000. EverSource Wealth Advisors LLC lifted its position in Grupo Aeroportuario del Centro Norte by 288.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 271 shares during the last quarter. Mather Group LLC. acquired a new position in Grupo Aeroportuario del Centro Norte during the 3rd quarter valued at about $42,000. Blue Trust Inc. grew its position in Grupo Aeroportuario del Centro Norte by 34.5% in the 3rd quarter. Blue Trust Inc. now owns 491 shares of the transportation company’s stock worth $51,000 after purchasing an additional 126 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in Grupo Aeroportuario del Centro Norte in the 2nd quarter worth about $56,000. 9.53% of the stock is currently owned by institutional investors.

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.