Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Reaches New 1-Year Low – Should You Sell?

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) hit a new 52-week low on Wednesday. The company traded as low as $92.00 and last traded at $92.1860, with a volume of 18650 shares traded. The stock had previously closed at $94.64.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on OMAB. Weiss Ratings upgraded shares of Grupo Aeroportuario del Centro Norte from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Zacks Research raised Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Finally, JPMorgan Chase & Co. upgraded Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 22nd. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, 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 Price Performance

The company’s fifty day moving average price is $101.85 and its two-hundred day moving average price is $106.12. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.10. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 1.24 and a beta of 0.61.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last released its earnings results on Wednesday, July 1st. The transportation company reported $1.74 EPS for the quarter. Grupo Aeroportuario del Centro Norte had a return on equity of 49.50% and a net margin of 33.17%.The firm had revenue of $255.27 million for the quarter. On average, equities research analysts forecast that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 6.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Hedge funds have recently bought and sold shares of the stock. QRG Capital Management Inc. increased its position in Grupo Aeroportuario del Centro Norte by 15.8% during the 2nd quarter. QRG Capital Management Inc. now owns 2,764 shares of the transportation company’s stock worth $313,000 after buying an additional 378 shares during the period. Squarepoint Ops LLC lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 44.4% in the second quarter. Squarepoint Ops LLC now owns 3,425 shares of the transportation company’s stock worth $387,000 after acquiring an additional 1,053 shares during the last quarter. Opal Capital LLC grew its stake in shares of Grupo Aeroportuario del Centro Norte by 14.1% during the first quarter. Opal Capital LLC now owns 15,136 shares of the transportation company’s stock worth $1,737,000 after buying an additional 1,870 shares during the last quarter. Amundi increased its stake in shares of Grupo Aeroportuario del Centro Norte by 60.0% in the first quarter. Amundi now owns 5,972 shares of the transportation company’s stock valued at $685,000 after buying an additional 2,240 shares during the period. Finally, Empowered Funds LLC raised its stake in shares of Grupo Aeroportuario del Centro Norte by 68.1% during the first quarter. Empowered Funds LLC now owns 168,401 shares of the transportation company’s stock valued at $19,321,000 after acquiring an additional 68,212 shares during the last quarter. 9.53% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Centro Norte Company Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V., known as OMA, operates and manages 13 airports in central and northern Mexico. Its airport network serves major metropolitan areas, industrial centers and tourist destinations, including Monterrey, Acapulco, Ciudad Juárez, Culiacán, Chihuahua, Mazatlán, San Luis Potosí, Torreón, Tampico and Zihuatanejo.

The company provides airport services that support commercial aviation, including passenger processing, aircraft landing and parking, baggage handling and other aeronautical operations.