Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 17,200 shares, a decline of 55.4% from the July 31st total of 38,600 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 63,500 shares, the days-to-cover ratio is presently 0.3 days.

A number of hedge funds have recently bought and sold shares of OMAB. Sagil Capital LLP acquired a new position in Grupo Aeroportuario del Centro Nort during the 2nd quarter worth approximately $7,025,000. Marshall Wace LLP increased its holdings in Grupo Aeroportuario del Centro Nort by 603.3% during the 1st quarter. Marshall Wace LLP now owns 71,628 shares of the transportation company’s stock worth $3,229,000 after purchasing an additional 61,444 shares in the last quarter. Bank of America Corp DE increased its holdings in Grupo Aeroportuario del Centro Nort by 8,045.4% during the 2nd quarter. Bank of America Corp DE now owns 56,122 shares of the transportation company’s stock worth $2,743,000 after purchasing an additional 55,433 shares in the last quarter. Charles Schwab Investment Management Inc. bought a new stake in Grupo Aeroportuario del Centro Nort during the 2nd quarter worth approximately $1,791,000. Finally, BlackRock Inc. grew its holdings in shares of Grupo Aeroportuario del Centro Nort by 3.2% in the second quarter. BlackRock Inc. now owns 939,100 shares of the transportation company’s stock valued at $45,902,000 after acquiring an additional 29,553 shares in the last quarter. 12.14% of the stock is currently owned by institutional investors and hedge funds.

OMAB stock traded up $0.19 during trading on Friday, reaching $47.61. 24,600 shares of the stock were exchanged, compared to its average volume of 77,867. The firm’s 50 day moving average is $46.74 and its 200 day moving average is $47.97. Grupo Aeroportuario del Centro Nort has a twelve month low of $33.39 and a twelve month high of $58.10. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.55. The firm has a market cap of $2.05 billion, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 4.66 and a beta of 0.78.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) last posted its quarterly earnings results on Wednesday, July 24th. The transportation company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.05. Grupo Aeroportuario del Centro Nort had a return on equity of 37.00% and a net margin of 38.86%. The business had revenue of $113.38 million for the quarter. As a group, analysts predict that Grupo Aeroportuario del Centro Nort will post 3.41 earnings per share for the current fiscal year.

A number of research analysts have recently issued reports on OMAB shares. BidaskClub raised Grupo Aeroportuario del Centro Nort from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. UBS Group downgraded Grupo Aeroportuario del Centro Nort from a “buy” rating to a “neutral” rating in a research note on Thursday, June 27th. Zacks Investment Research downgraded Grupo Aeroportuario del Centro Nort from a “buy” rating to a “hold” rating in a research note on Tuesday, September 3rd. Finally, ValuEngine downgraded Grupo Aeroportuario del Centro Nort from a “buy” rating to a “hold” rating in a research note on Friday, June 28th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $52.00.

Grupo Aeroportuario del Centro Nort Company Profile

Grupo Aeroportuario del Centro Norte, S. A. B. de C. V., through its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, Zacatecas, Ciudad Juárez, and Reynosa cities.

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