Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Sees Large Drop in Short Interest

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 123,500 shares, a drop of 22.7% from the November 30th total of 159,700 shares. Based on an average trading volume of 81,900 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Trading of Grupo Aeroportuario del Centro Norte

A number of hedge funds have recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System boosted its position in shares of Grupo Aeroportuario del Centro Norte by 1.1% in the second quarter. Maryland State Retirement & Pension System now owns 41,892 shares of the transportation company’s stock worth $2,834,000 after acquiring an additional 447 shares during the last quarter. Caprock Group LLC purchased a new stake in Grupo Aeroportuario del Centro Norte during the second quarter valued at about $357,000. Malaga Cove Capital LLC increased its stake in Grupo Aeroportuario del Centro Norte by 15.0% during the second quarter. Malaga Cove Capital LLC now owns 17,211 shares of the transportation company’s stock worth $1,164,000 after acquiring an additional 2,247 shares during the last quarter. American Century Companies Inc. increased its stake in Grupo Aeroportuario del Centro Norte by 6.1% during the second quarter. American Century Companies Inc. now owns 72,083 shares of the transportation company’s stock worth $4,876,000 after acquiring an additional 4,149 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 10.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,659 shares of the transportation company’s stock worth $312,000 after purchasing an additional 435 shares during the period. 9.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on OMAB. Bank of America lowered Grupo Aeroportuario del Centro Norte from a “buy” rating to an “underperform” rating and set a $71.50 target price on the stock. in a report on Friday, November 15th. Scotiabank upgraded shares of Grupo Aeroportuario del Centro Norte from a “sector underperform” rating to a “sector perform” rating in a research report on Wednesday, September 25th. Finally, Morgan Stanley upgraded shares of Grupo Aeroportuario del Centro Norte from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $82.00 to $77.00 in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $80.83.

Grupo Aeroportuario del Centro Norte Trading Down 3.1 %

Shares of Grupo Aeroportuario del Centro Norte stock traded down $2.19 during trading hours on Friday, reaching $69.58. 41,886 shares of the company’s stock were exchanged, compared to its average volume of 63,640. Grupo Aeroportuario del Centro Norte has a 52-week low of $59.08 and a 52-week high of $90.53. The company has a fifty day moving average of $67.91 and a 200-day moving average of $67.82. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 4.39 and a beta of 1.30.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The firm also recently announced a Thrice Yearly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th were given a dividend of $1.921 per share. The ex-dividend date was Tuesday, November 19th. This represents a yield of 6.5%. Grupo Aeroportuario del Centro Norte’s dividend payout ratio (DPR) is presently 98.94%.

Grupo Aeroportuario del Centro Norte Company Profile

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.