Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) Sees Large Decline in Short Interest

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 201,538 shares, a decline of 36.0% from the May 14th total of 314,785 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 89,536 shares, the short-interest ratio is presently 2.3 days.

Grupo Aeroportuario del Centro Norte Trading Up 0.6%

Shares of Grupo Aeroportuario del Centro Norte stock traded up $0.71 during midday trading on Wednesday, reaching $112.44. The company had a trading volume of 23,399 shares, compared to its average volume of 86,762. The stock has a fifty day moving average price of $107.06 and a 200 day moving average price of $111.56. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market cap of $4.78 billion, a PE ratio of 18.80, a P/E/G ratio of 1.44 and a beta of 0.62. Grupo Aeroportuario del Centro Norte has a fifty-two week low of $95.69 and a fifty-two week high of $134.99.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.08). The company had revenue of $213.33 million during the quarter, compared to analyst estimates of $199.73 million. Grupo Aeroportuario del Centro Norte had a return on equity of 49.46% and a net margin of 32.67%. On average, equities analysts anticipate that Grupo Aeroportuario del Centro Norte will post 6.95 earnings per share for the current year.

Grupo Aeroportuario del Centro Norte Dividend Announcement

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

Analyst Upgrades and Downgrades

OMAB has been the topic of several research reports. Wall Street Zen cut Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. HSBC upgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and boosted their price target for the stock from $112.00 to $134.00 in a report on Thursday, April 16th. 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. Finally, 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. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $134.00.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Institutional investors have recently added to or reduced their stakes in the business. Triumph Capital Management acquired a new position in Grupo Aeroportuario del Centro Norte in the third quarter valued at approximately $30,000. EverSource Wealth Advisors LLC lifted its stake in Grupo Aeroportuario del Centro Norte by 288.3% in the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock valued at $39,000 after buying an additional 271 shares during the period. Quantbot Technologies LP acquired a new position in Grupo Aeroportuario del Centro Norte in the second quarter valued at approximately $56,000. Atlas Capital Advisors Inc. acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter worth approximately $61,000. Finally, Huntington National Bank raised its position in shares of Grupo Aeroportuario del Centro Norte by 575.9% during the third 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 period. 9.53% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario del Centro Norte Company Profile

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.