Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Shares Gap Down – Here’s What Happened

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) gapped down prior to trading on Monday . The stock had previously closed at $107.49, but opened at $102.97. Grupo Aeroportuario del Centro Norte shares last traded at $102.6570, with a volume of 2,107 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on 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. Zacks Research raised Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. JPMorgan Chase & Co. raised Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 22nd. Citigroup raised Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a research note on Friday, May 8th. Finally, Wall Street Zen cut shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $134.00.

Grupo Aeroportuario del Centro Norte Trading Down 0.7%

The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 16.45, a P/E/G ratio of 1.34 and a beta of 0.62. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.10. The business’s 50 day moving average price is $107.63 and its two-hundred day moving average price is $111.48.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its earnings results on Wednesday, July 1st. The transportation company reported $1.74 EPS for the quarter. The business had revenue of $255.27 million for the quarter. Grupo Aeroportuario del Centro Norte had a net margin of 33.17% and a return on equity of 49.50%. On average, equities analysts predict that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 6.93 earnings per share for the current fiscal year.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Several institutional investors and hedge funds have recently modified their holdings of the stock. Triumph Capital Management purchased a new position in Grupo Aeroportuario del Centro Norte during the 3rd quarter worth $30,000. EverSource Wealth Advisors LLC boosted its holdings in Grupo Aeroportuario del Centro Norte by 288.3% during the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock worth $39,000 after purchasing an additional 271 shares during the last quarter. Quantbot Technologies LP bought a new stake in Grupo Aeroportuario del Centro Norte in the 2nd quarter worth about $56,000. Atlas Capital Advisors Inc. purchased a new stake in Grupo Aeroportuario del Centro Norte in the 4th quarter valued at about $61,000. Finally, Fifth Third Bancorp lifted its position in shares of Grupo Aeroportuario del Centro Norte by 22.3% during the 4th quarter. Fifth Third Bancorp now owns 791 shares of the transportation company’s stock worth $86,000 after buying an additional 144 shares in the last quarter. 9.53% of the stock is owned by hedge funds and other institutional investors.

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.