Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Hits New 52-Week Low – Here’s What Happened

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) shares reached a new 52-week low on Wednesday. The company traded as low as $87.31 and last traded at $88.0410, with a volume of 12,178 shares trading hands. The stock had previously closed at $89.83.

Analysts Set New Price Targets

Several research firms recently issued reports on OMAB. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a research note on Wednesday, July 22nd. Zacks Research upgraded shares of Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Weiss Ratings raised 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. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $134.00.

Grupo Aeroportuario del Centro Norte Stock Up 2.9%

The firm has a fifty day simple moving average of $99.33 and a 200-day simple moving average of $105.05. The company has a market capitalization of $3.89 billion, a PE ratio of 14.61, a P/E/G ratio of 1.14 and a beta of 0.61. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.66 and a current ratio of 0.66.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last released its earnings results on Wednesday, July 1st. The transportation company reported $1.74 EPS for the quarter. Grupo Aeroportuario del Centro Norte had a return on equity of 49.50% and a net margin of 33.17%. The company had revenue of $255.27 million during the quarter. Equities research analysts anticipate that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 7.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Alamar Capital Management LLC acquired a new position in Grupo Aeroportuario del Centro Norte during the 1st quarter worth $241,000. QRG Capital Management Inc. acquired a new stake in shares of Grupo Aeroportuario del Centro Norte in the 1st quarter valued at about $274,000. Sanders Morris Harris LLC acquired a new stake in shares of Grupo Aeroportuario del Centro Norte in the 3rd quarter valued at about $361,000. Squarepoint Ops LLC lifted its position in shares of Grupo Aeroportuario del Centro Norte by 44.4% during the second quarter. Squarepoint Ops LLC now owns 3,425 shares of the transportation company’s stock worth $387,000 after purchasing an additional 1,053 shares during the last quarter. Finally, Advisors Preferred LLC bought a new position in shares of Grupo Aeroportuario del Centro Norte during the first quarter worth about $644,000. 9.53% of the stock is currently owned by institutional investors.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V., known as OMA, operates and manages 13 airports in central and northern Mexico. Its airport network serves major metropolitan areas, industrial centers and tourist destinations, including Monterrey, Acapulco, Ciudad Juárez, Culiacán, Chihuahua, Mazatlán, San Luis Potosí, Torreón, Tampico and Zihuatanejo.

The company provides airport services that support commercial aviation, including passenger processing, aircraft landing and parking, baggage handling and other aeronautical operations.