Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Stock Moved Down to “Strong Sell” by Zacks Research

Zacks Research downgraded shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) from a hold rating to a strong sell rating in a research note issued to investors on Thursday,Zacks reports.

Other analysts have also issued reports about the stock. Weiss Ratings upgraded shares of Grupo Aeroportuario del Centro Norte from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a research report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $134.00.

Grupo Aeroportuario del Centro Norte Stock Up 0.1%

Shares of OMAB stock opened at $98.52 on Thursday. Grupo Aeroportuario del Centro Norte has a one year low of $87.31 and a one year high of $134.99. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a fifty day moving average price of $97.87 and a 200 day moving average price of $104.31. The stock has a market cap of $4.19 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 1.94 and a beta of 0.61.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last announced its quarterly earnings results on Wednesday, July 1st. The transportation company reported $1.74 earnings per share (EPS) for the quarter. Grupo Aeroportuario del Centro Norte had a net margin of 33.17% and a return on equity of 49.50%. The firm had revenue of $255.27 million for the quarter. Analysts predict that Grupo Aeroportuario del Centro Norte will post 6.82 earnings per share for the current year.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Hedge funds have recently made changes to their positions in the company. QRG Capital Management Inc. grew its stake in Grupo Aeroportuario del Centro Norte by 15.8% during the second quarter. QRG Capital Management Inc. now owns 2,764 shares of the transportation company’s stock worth $313,000 after buying an additional 378 shares during the last quarter. Novem Group increased its holdings in shares of Grupo Aeroportuario del Centro Norte by 4.9% during the third quarter. Novem Group now owns 10,183 shares of the transportation company’s stock worth $984,000 after buying an additional 476 shares in the last quarter. Ritholtz Wealth Management raised its stake in shares of Grupo Aeroportuario del Centro Norte by 5.6% in the first quarter. Ritholtz Wealth Management now owns 13,746 shares of the transportation company’s stock valued at $1,577,000 after acquiring an additional 734 shares during the last quarter. Squarepoint Ops LLC raised its stake in shares of Grupo Aeroportuario del Centro Norte by 44.4% in the second quarter. Squarepoint Ops LLC now owns 3,425 shares of the transportation company’s stock valued at $387,000 after acquiring an additional 1,053 shares during the last quarter. Finally, Opal Capital LLC boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 14.1% in the 1st quarter. Opal Capital LLC now owns 15,136 shares of the transportation company’s stock worth $1,737,000 after acquiring an additional 1,870 shares in the last quarter. Institutional investors and hedge funds own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Company Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V., operating under the OMA brand, is a Mexican airport infrastructure company. It develops, operates and maintains a portfolio of airports serving the central and northern regions of Mexico, including Monterrey International Airport and airports in destinations such as Acapulco, Chihuahua, Ciudad Juárez, Culiacán, Durango, Mazatlán, Reynosa, San Luis Potosí, Tampico, Torreón and Zacatecas.

OMA provides core airport services including passenger processing, aircraft landing and parking facilities, security-related infrastructure, baggage handling areas and cargo facilities.