Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB)’s share price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $107.77 and traded as high as $109.34. Grupo Aeroportuario del Centro Norte shares last traded at $108.39, with a volume of 206,116 shares.

Wall Street Analyst Weigh In

OMAB has been the subject of several recent research reports. Zacks Research downgraded shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 22nd. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Monday, October 26th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $134.00.

Grupo Aeroportuario del Centro Norte Trading Up 2.5%

The business’s 50-day simple moving average is $97.94 and its two-hundred day simple moving average is $107.77. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $4.61 billion, a PE ratio of 17.12, a PEG ratio of 2.09 and a beta of 0.61.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last announced its earnings results on Tuesday, October 27th. The transportation company reported $1.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.05). Grupo Aeroportuario del Centro Norte had a return on equity of 49.38% and a net margin of 31.69%. The business had revenue of $268.96 million for the quarter, compared to analysts’ expectations of $255.11 million. On average, analysts predict that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 6.82 earnings per share for the current year.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

A number of hedge funds have recently bought and sold shares of OMAB. Gen Wealth Partners Inc acquired a new position in shares of Grupo Aeroportuario del Centro Norte in the 3rd quarter valued at approximately $30,000. Ethic Inc. boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 38.7% during the 3rd quarter. Ethic Inc. now owns 3,363 shares of the transportation company’s stock valued at $325,000 after buying an additional 939 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Grupo Aeroportuario del Centro Norte during the third quarter worth approximately $51,000. Sage Investment Counsel LLC grew its position in shares of Grupo Aeroportuario del Centro Norte by 4.3% during the third quarter. Sage Investment Counsel LLC now owns 7,300 shares of the transportation company’s stock worth $705,000 after buying an additional 300 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its position in shares of Grupo Aeroportuario del Centro Norte by 67.0% during the third quarter. Evergreen Capital Management LLC now owns 6,779 shares of the transportation company’s stock worth $655,000 after buying an additional 2,719 shares in the last quarter. Institutional investors and hedge funds own 9.53% of the company’s stock.

About Grupo Aeroportuario del Centro Norte

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.