Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Hits New 1-Year High – Here’s Why

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $121.36 and last traded at $119.87, with a volume of 3710 shares. The stock had previously closed at $120.18.

Analyst Ratings Changes

OMAB has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Friday, January 9th. Zacks Research raised shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. Finally, Wall Street Zen upgraded Grupo Aeroportuario del Centro Norte from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $102.50.

Grupo Aeroportuario del Centro Norte Trading Down 0.0%

The company has a debt-to-equity ratio of 1.17, a current ratio of 1.14 and a quick ratio of 1.14. The business has a 50 day moving average of $110.02 and a 200 day moving average of $106.60. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 1.81 and a beta of 0.74.

Grupo Aeroportuario del Centro Norte Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 5th. Stockholders of record on Wednesday, November 26th were given a $2.5219 dividend. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a dividend yield of 471.0%. Grupo Aeroportuario del Centro Norte’s dividend payout ratio is presently 78.05%.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the first quarter worth $591,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Grupo Aeroportuario del Centro Norte by 133.5% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,443 shares of the transportation company’s stock worth $152,000 after buying an additional 825 shares during the period. Aberdeen Group plc raised its position in shares of Grupo Aeroportuario del Centro Norte by 4.8% during the second quarter. Aberdeen Group plc now owns 163,821 shares of the transportation company’s stock worth $17,319,000 after purchasing an additional 7,487 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 3.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,595 shares of the transportation company’s stock valued at $485,000 after buying an additional 153 shares during the last quarter. Finally, TrueMark Investments LLC bought a new position in Grupo Aeroportuario del Centro Norte in the 2nd quarter valued at about $1,059,000. 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. (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.