Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Rating Lowered to “Strong Sell” at Zacks Research

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday, Zacks reports.

A number of other equities analysts also recently weighed in on the stock. Weiss Ratings raised shares of Grupo Aeroportuario del Centro Norte from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 22nd. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $134.00.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of Grupo Aeroportuario del Centro Norte stock opened at $98.52 on Thursday. The business’s fifty day simple moving average is $97.87 and its 200 day simple moving average is $104.31. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.10. Grupo Aeroportuario del Centro Norte has a 12 month low of $87.31 and a 12 month high of $134.99. The firm has a market capitalization of $4.19 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 1.94 and a beta of 0.61.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last announced its quarterly earnings data on Wednesday, July 1st. The transportation company reported $1.74 earnings per share (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 during the quarter. As a group, analysts anticipate that Grupo Aeroportuario del Centro Norte will post 6.82 EPS for the current year.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Several hedge funds have recently made changes to their positions in OMAB. Militia Capital Management LLC purchased a new stake in Grupo Aeroportuario del Centro Norte in the 1st quarter worth about $9,732,000. Empirical Finance LLC raised its stake in Grupo Aeroportuario del Centro Norte by 74.6% in the 1st quarter. Empirical Finance LLC now owns 168,343 shares of the transportation company’s stock valued at $19,314,000 after acquiring an additional 71,924 shares during the period. Empowered Funds LLC lifted its holdings in 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 purchasing an additional 68,212 shares during the last quarter. Sei Investments Co. lifted its holdings in Grupo Aeroportuario del Centro Norte by 208.7% during the first quarter. Sei Investments Co. now owns 28,991 shares of the transportation company’s stock valued at $3,326,000 after purchasing an additional 19,599 shares during the last quarter. Finally, Advisors Preferred LLC purchased a new stake in Grupo Aeroportuario del Centro Norte during the first quarter valued at about $644,000. 9.53% of the stock is currently owned by institutional investors.

Grupo Aeroportuario del Centro Norte Company Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V., operating under the OMA brand, is a Mexican airport infrastructure company. It develops, operates and maintains a portfolio of airports serving the central and northern regions of Mexico, including Monterrey International Airport and airports in destinations such as Acapulco, Chihuahua, Ciudad Juárez, Culiacán, Durango, Mazatlán, Reynosa, San Luis Potosí, Tampico, Torreón and Zacatecas.

OMA provides core airport services including passenger processing, aircraft landing and parking facilities, security-related infrastructure, baggage handling areas and cargo facilities.