Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Downgraded to “Buy” Rating by Wall Street Zen

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

Several other research analysts have also weighed in on OMAB. Zacks Research upgraded shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $102.50.

Grupo Aeroportuario del Centro Norte Stock Up 4.1%

Shares of NASDAQ:OMAB opened at $124.48 on Friday. Grupo Aeroportuario del Centro Norte has a 1-year low of $70.24 and a 1-year high of $124.59. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $5.30 billion, a P/E ratio of 22.03, a P/E/G ratio of 1.84 and a beta of 0.74. The firm has a fifty day moving average price of $110.84 and a 200 day moving average price of $106.87.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership boosted its position in Grupo Aeroportuario del Centro Norte by 1.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 173,567 shares of the transportation company’s stock worth $18,028,000 after acquiring an additional 2,134 shares during the last quarter. Aberdeen Group plc raised its holdings in Grupo Aeroportuario del Centro Norte by 4.8% in the 2nd quarter. Aberdeen Group plc now owns 163,821 shares of the transportation company’s stock valued at $17,319,000 after acquiring an additional 7,487 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Grupo Aeroportuario del Centro Norte by 18.4% during the 2nd quarter. American Century Companies Inc. now owns 115,744 shares of the transportation company’s stock worth $12,211,000 after purchasing an additional 18,028 shares during the period. AQR Capital Management LLC lifted its stake in shares of Grupo Aeroportuario del Centro Norte by 63.4% during the 2nd quarter. AQR Capital Management LLC now owns 102,050 shares of the transportation company’s stock worth $10,766,000 after purchasing an additional 39,581 shares during the period. Finally, Militia Capital Partners LP boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 6.1% during the third quarter. Militia Capital Partners LP now owns 83,046 shares of the transportation company’s stock worth $8,626,000 after purchasing an additional 4,794 shares during the last quarter. 9.53% of the stock is currently owned by hedge funds and other institutional investors.

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.