Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $72.31 and traded as high as $79.80. Grupo Aeroportuario del Centro Norte shares last traded at $78.47, with a volume of 78,737 shares traded.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised their price objective on shares of Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $82.50.

Grupo Aeroportuario del Centro Norte Stock Performance

The stock’s 50 day moving average is $78.37 and its two-hundred day moving average is $72.35. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 13.84 and a beta of 1.25. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Several institutional investors have recently bought and sold shares of OMAB. Tower Research Capital LLC TRC lifted its position in Grupo Aeroportuario del Centro Norte by 3,581.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company’s stock worth $28,000 after buying an additional 394 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of Grupo Aeroportuario del Centro Norte by 94.3% during the 4th quarter. Venturi Wealth Management LLC now owns 575 shares of the transportation company’s stock worth $39,000 after purchasing an additional 279 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 41.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company’s stock valued at $48,000 after buying an additional 200 shares during the last quarter. Fifth Third Bancorp acquired a new position in Grupo Aeroportuario del Centro Norte during the fourth quarter worth $48,000. Finally, Barclays PLC bought a new stake in Grupo Aeroportuario del Centro Norte during the third quarter worth $72,000. 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., 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.