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

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 123,500 shares, a decrease of 22.7% from the November 30th total of 159,700 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 81,900 shares, the days-to-cover ratio is currently 1.5 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Scotiabank upgraded shares of Grupo Aeroportuario del Centro Norte from a “sector underperform” rating to a “sector perform” rating in a research note on Wednesday, September 25th. Bank of America cut shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to an “underperform” rating and set a $71.50 target price on the stock. in a research note on Friday, November 15th. Finally, Morgan Stanley raised shares of Grupo Aeroportuario del Centro Norte from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $82.00 to $77.00 in a research report on Friday, September 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $80.83.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

A number of hedge funds have recently added to or reduced their stakes in the stock. Maryland State Retirement & Pension System boosted its holdings in Grupo Aeroportuario del Centro Norte by 1.1% in the second quarter. Maryland State Retirement & Pension System now owns 41,892 shares of the transportation company’s stock valued at $2,834,000 after acquiring an additional 447 shares during the last quarter. Caprock Group LLC bought a new position in shares of Grupo Aeroportuario del Centro Norte in the 2nd quarter valued at about $357,000. Malaga Cove Capital LLC boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 15.0% in the 2nd quarter. Malaga Cove Capital LLC now owns 17,211 shares of the transportation company’s stock valued at $1,164,000 after purchasing an additional 2,247 shares during the last quarter. American Century Companies Inc. grew its position in shares of Grupo Aeroportuario del Centro Norte by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 72,083 shares of the transportation company’s stock worth $4,876,000 after buying an additional 4,149 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Grupo Aeroportuario del Centro Norte by 10.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,659 shares of the transportation company’s stock worth $312,000 after buying an additional 435 shares during the last quarter. Institutional investors own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Stock Down 3.1 %

OMAB opened at $69.58 on Friday. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 4.39 and a beta of 1.30. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.08. The firm’s 50-day simple moving average is $67.91 and its 200-day simple moving average is $67.84. Grupo Aeroportuario del Centro Norte has a twelve month low of $59.08 and a twelve month high of $90.53.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The firm also recently announced a Thrice Yearly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 19th were paid a $1.921 dividend. The ex-dividend date was Tuesday, November 19th. This represents a dividend yield of 6.5%. Grupo Aeroportuario del Centro Norte’s dividend payout ratio (DPR) is presently 98.94%.

Grupo Aeroportuario del Centro Norte Company Profile

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.