Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $106.19 and traded as high as $111.08. Grupo Aeroportuario del Centro Norte shares last traded at $107.93, with a volume of 56,338 shares traded.

Analyst Ratings Changes

OMAB has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Friday. Wall Street Zen upgraded shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 6th. Finally, Zacks Research raised shares of Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $102.50.

Grupo Aeroportuario del Centro Norte Trading Down 2.6%

The stock has a market cap of $4.59 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 1.73 and a beta of 0.76. The firm has a 50-day moving average price of $107.00 and a 200-day moving average price of $106.19. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.14 and a current ratio of 1.14.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last released its quarterly earnings data on Thursday, October 23rd. The transportation company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.12. The business had revenue of $214.50 million during the quarter, compared to analyst estimates of $4.31 billion. Grupo Aeroportuario del Centro Norte had a net margin of 33.36% and a return on equity of 53.08%. As a group, equities analysts anticipate that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 5.53 EPS for the current fiscal year.

Grupo Aeroportuario del Centro Norte Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 5th. Investors of record on Wednesday, November 26th were issued a $2.5219 dividend. This represents a yield of 471.0%. The ex-dividend date was Wednesday, November 26th. Grupo Aeroportuario del Centro Norte’s payout ratio is presently 78.05%.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Institutional investors and hedge funds have recently modified their holdings of the business. Triumph Capital Management bought a new position in shares of Grupo Aeroportuario del Centro Norte during the third quarter valued at $30,000. EverSource Wealth Advisors LLC raised its position in Grupo Aeroportuario del Centro Norte by 288.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock worth $39,000 after buying an additional 271 shares during the last quarter. Mather Group LLC. purchased a new position in Grupo Aeroportuario del Centro Norte in the 3rd quarter worth about $42,000. Blue Trust Inc. lifted its stake in Grupo Aeroportuario del Centro Norte by 34.5% during the 3rd quarter. Blue Trust Inc. now owns 491 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 126 shares during the period. Finally, Quantbot Technologies LP bought a new position in Grupo Aeroportuario del Centro Norte during the 2nd quarter valued at about $56,000. Institutional investors own 9.53% of the company’s stock.

About Grupo Aeroportuario del Centro Norte

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.