Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Shares Pass Above 200-Day Moving Average – What’s Next?

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $110.13 and traded as high as $115.58. Grupo Aeroportuario del Centro Norte shares last traded at $114.73, with a volume of 306,613 shares traded.

Analyst Ratings Changes

A number of brokerages have recently weighed in on OMAB. Zacks Research lowered Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. Wall Street Zen lowered Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, January 9th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $106.00.

Grupo Aeroportuario del Centro Norte Stock Performance

The company has a current ratio of 1.32, a quick ratio of 1.14 and a debt-to-equity ratio of 1.04. The firm’s fifty day moving average price is $118.44 and its two-hundred day moving average price is $110.16. The stock has a market capitalization of $4.97 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 1.35 and a beta of 0.75.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last announced its quarterly earnings results on Saturday, February 14th. The transportation company reported $1.40 earnings per share (EPS) for the quarter. Grupo Aeroportuario del Centro Norte had a net margin of 33.46% and a return on equity of 52.24%. The firm had revenue of $228.23 million for the quarter. As a group, equities research analysts forecast that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 5.53 EPS for the current year.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Several institutional investors and hedge funds have recently modified their holdings of OMAB. American Century Companies Inc. boosted its position in Grupo Aeroportuario del Centro Norte by 18.4% during the second quarter. American Century Companies Inc. now owns 115,744 shares of the transportation company’s stock worth $12,211,000 after purchasing an additional 18,028 shares in the last quarter. Integrated Quantitative Investments LLC purchased a new stake in shares of Grupo Aeroportuario del Centro Norte in the third quarter valued at approximately $1,052,000. Caprock Group LLC acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the 3rd quarter worth approximately $776,000. Marshall Financial Group LLC acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the 4th quarter worth approximately $772,000. Finally, Advisors Capital Management LLC lifted its position in shares of Grupo Aeroportuario del Centro Norte by 14.9% during the 3rd quarter. Advisors Capital Management LLC now owns 37,978 shares of the transportation company’s stock valued at $3,945,000 after buying an additional 4,935 shares in the last quarter. Hedge funds and other institutional investors own 9.53% of the company’s stock.

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.