Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Sets New 12-Month Low – Time to Sell?

Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) reached a new 52-week low on Tuesday . The company 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 Ratings Changes

A number of research firms recently weighed in on OMAB. Citigroup raised Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a research report on Friday, May 8th. Weiss Ratings lowered Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 1st. HSBC upgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and lifted their target price for the company from $112.00 to $134.00 in a research report on Thursday, April 16th. Wall Street Zen downgraded Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Zacks Research downgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $134.00.

Grupo Aeroportuario del Centro Norte Stock Up 3.4%

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 company has a market capitalization of $4.22 billion, a PE ratio of 16.59, a P/E/G ratio of 1.28 and a beta of 0.62. The business has a 50-day moving average of $107.88 and a 200 day moving average of $111.55.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its earnings results 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 firm had revenue of $213.33 million during the quarter, compared to analysts’ expectations of $199.73 million. Grupo Aeroportuario del Centro Norte had a return on equity of 49.46% and a net margin of 32.67%. Equities research analysts predict that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 6.95 earnings per share for the current year.

Grupo Aeroportuario del Centro Norte Dividend Announcement

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

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in Grupo Aeroportuario del Centro Norte by 253.7% during the third quarter. JPMorgan Chase & Co. now owns 21,973 shares of the transportation company’s stock worth $2,282,000 after acquiring an additional 15,761 shares during the last quarter. Integrated Quantitative Investments LLC bought a new stake in Grupo Aeroportuario del Centro Norte during the third quarter worth approximately $1,052,000. Novem Group bought a new position in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter valued at approximately $1,167,000. Caprock Group LLC bought a new position in shares of Grupo Aeroportuario del Centro Norte during the third quarter valued at approximately $776,000. Finally, Quent Capital LLC bought a new position in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter valued at approximately $2,690,000. 9.53% of the stock is currently owned by hedge funds and other institutional investors.

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.