Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Sets New 1-Year Low – Here’s What Happened

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $95.69 and last traded at $96.2970, with a volume of 36028 shares trading hands. The stock had previously closed at $96.88.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Zacks Research cut Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th. Citigroup upgraded Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a report on Friday, May 8th. HSBC upgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and lifted their price objective for the company from $112.00 to $134.00 in a report on Thursday, April 16th. Weiss Ratings cut Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 1st. Finally, Wall Street Zen cut Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $134.00.

Grupo Aeroportuario del Centro Norte Price Performance

The stock has a market cap of $4.12 billion, a P/E ratio of 16.18, a PEG ratio of 1.28 and a beta of 0.62. The company has a 50 day simple moving average of $108.56 and a 200 day simple moving average of $111.63. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.81.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last released its earnings results on Tuesday, April 28th. The transportation company reported $1.41 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.08). The firm had revenue of $213.33 million during the quarter, compared to the consensus estimate of $199.73 million. Grupo Aeroportuario del Centro Norte had a net margin of 32.67% and a return on equity of 49.46%. Sell-side analysts forecast that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 6.95 earnings per share for the current fiscal year.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Tuesday, May 26th were given a dividend of $2.9165 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a dividend yield of 571.0%. Grupo Aeroportuario del Centro Norte’s payout ratio is 85.12%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in OMAB. Triumph Capital Management acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the 3rd quarter worth approximately $30,000. EverSource Wealth Advisors LLC increased its position in shares of Grupo Aeroportuario del Centro Norte by 288.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock worth $39,000 after purchasing an additional 271 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the 2nd quarter worth approximately $56,000. Huntington National Bank increased its position in shares of Grupo Aeroportuario del Centro Norte by 575.9% during the 3rd quarter. Huntington National Bank now owns 588 shares of the transportation company’s stock worth $61,000 after purchasing an additional 501 shares during the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the 4th quarter worth approximately $61,000. Institutional investors and hedge funds 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.