Wall Street Zen Downgrades Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) to Hold

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other equities research analysts also recently commented on the company. Citigroup reiterated a “hold” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Wednesday, September 10th. Zacks Research downgraded Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $92.17.

Grupo Aeroportuario del Centro Norte Price Performance

Shares of NASDAQ:OMAB opened at $104.57 on Friday. Grupo Aeroportuario del Centro Norte has a 1-year low of $62.06 and a 1-year high of $116.25. The business has a fifty day moving average price of $106.22 and a 200-day moving average price of $98.27. The company has a market capitalization of $4.45 billion, a PE ratio of 19.36, a PEG ratio of 2.52 and a beta of 0.93. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.86 and a quick ratio of 0.86.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

A number of large investors have recently made changes to their positions in OMAB. Millennium Management LLC grew its stake in shares of Grupo Aeroportuario del Centro Norte by 5.7% during the 4th quarter. Millennium Management LLC now owns 26,904 shares of the transportation company’s stock valued at $1,847,000 after purchasing an additional 1,460 shares during the period. GAMMA Investing LLC grew its stake in shares of Grupo Aeroportuario del Centro Norte by 9,378.1% during the 1st quarter. GAMMA Investing LLC now owns 6,919 shares of the transportation company’s stock valued at $5,440,000 after purchasing an additional 6,846 shares during the period. Naples Global Advisors LLC grew its stake in shares of Grupo Aeroportuario del Centro Norte by 18.7% during the 1st quarter. Naples Global Advisors LLC now owns 21,030 shares of the transportation company’s stock valued at $1,654,000 after purchasing an additional 3,310 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Grupo Aeroportuario del Centro Norte by 0.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 31,667 shares of the transportation company’s stock valued at $2,490,000 after buying an additional 150 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. lifted its position in shares of Grupo Aeroportuario del Centro Norte by 28.1% during the 1st quarter. Pekin Hardy Strauss Inc. now owns 8,930 shares of the transportation company’s stock valued at $702,000 after buying an additional 1,960 shares in the last quarter. 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., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities.