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

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 224,500 shares, an increase of 23.5% from the February 28th total of 181,800 shares. Based on an average daily trading volume, of 68,100 shares, the short-interest ratio is currently 3.3 days. Approximately 0.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its position in shares of Grupo Aeroportuario del Centro Norte by 3,581.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company’s stock valued at $28,000 after buying an additional 394 shares in the last quarter. Venturi Wealth Management LLC raised its position in Grupo Aeroportuario del Centro Norte by 94.3% during the fourth quarter. Venturi Wealth Management LLC now owns 575 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 279 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Grupo Aeroportuario del Centro Norte by 41.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company’s stock worth $48,000 after purchasing an additional 200 shares during the last quarter. Fifth Third Bancorp purchased a new position in shares of Grupo Aeroportuario del Centro Norte in the 4th quarter worth about $48,000. Finally, Barclays PLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte in the 3rd quarter worth about $72,000. Hedge funds and other institutional investors own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Price Performance

Grupo Aeroportuario del Centro Norte stock traded up $1.80 during midday trading on Tuesday, hitting $80.43. 121,386 shares of the company’s stock were exchanged, compared to its average volume of 66,644. The stock has a 50-day moving average price of $78.47 and a two-hundred day moving average price of $72.52. 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 market cap of $3.42 billion, a P/E ratio of 14.19 and a beta of 1.25. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.08.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group boosted their price objective on shares of Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $82.50.

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.