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

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 201,538 shares, a decline of 36.0% from the May 14th total of 314,785 shares. Based on an average trading volume of 89,536 shares, the short-interest ratio is currently 2.3 days. Currently, 0.5% of the shares of the stock are sold short.

Institutional Trading of Grupo Aeroportuario del Centro Norte

A number of large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its stake in Grupo Aeroportuario del Centro Norte by 13.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,130 shares of the transportation company’s stock valued at $123,000 after acquiring an additional 136 shares during the last quarter. Fifth Third Bancorp lifted its stake in Grupo Aeroportuario del Centro Norte by 22.3% in the fourth quarter. Fifth Third Bancorp now owns 791 shares of the transportation company’s stock valued at $86,000 after acquiring an additional 144 shares during the last quarter. Vident Advisory LLC lifted its stake in Grupo Aeroportuario del Centro Norte by 1.6% in the fourth quarter. Vident Advisory LLC now owns 11,809 shares of the transportation company’s stock valued at $1,285,000 after acquiring an additional 188 shares during the last quarter. O Brien Greene & Co. Inc lifted its stake in Grupo Aeroportuario del Centro Norte by 3.4% in the fourth quarter. O Brien Greene & Co. Inc now owns 6,147 shares of the transportation company’s stock valued at $669,000 after acquiring an additional 200 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in Grupo Aeroportuario del Centro Norte by 5.9% in the fourth quarter. ProShare Advisors LLC now owns 3,838 shares of the transportation company’s stock valued at $417,000 after acquiring an additional 215 shares during the last quarter. Institutional investors and hedge funds own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Stock Up 1.9%

NASDAQ OMAB traded up $2.07 on Tuesday, reaching $111.07. The company had a trading volume of 53,956 shares, compared to its average volume of 86,711. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 1.34 and a beta of 0.62. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.12 and a current ratio of 1.12. Grupo Aeroportuario del Centro Norte has a 1-year low of $95.69 and a 1-year high of $134.99. The company’s fifty day moving average is $107.16 and its 200-day moving average is $111.53.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last released its earnings results on Tuesday, April 28th. The transportation company reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.08). The business had revenue of $213.33 million during the quarter, compared to the consensus estimate of $199.73 million. Grupo Aeroportuario del Centro Norte had a net margin of 32.67% and a return on equity of 49.46%. On average, research analysts forecast that Grupo Aeroportuario del Centro Norte will post 6.95 earnings per share for the current fiscal year.

Grupo Aeroportuario del Centro Norte Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Tuesday, May 26th were paid a $2.9165 dividend. The ex-dividend date was Tuesday, May 26th. This represents a yield of 571.0%. Grupo Aeroportuario del Centro Norte’s dividend payout ratio (DPR) is currently 85.12%.

Analysts Set New Price Targets

A number of brokerages have weighed in on OMAB. HSBC raised shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and boosted their target price for the stock from $112.00 to $134.00 in a research note on Thursday, April 16th. Weiss Ratings downgraded shares of Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 1st. Zacks Research downgraded shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Citigroup upgraded shares of Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a report on Friday, May 8th. Finally, Wall Street Zen lowered shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Grupo Aeroportuario del Centro Norte presently has an average rating of “Hold” and a consensus price target of $134.00.

Grupo Aeroportuario del Centro Norte Company Profile

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.