Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Lifted to Buy at StockNews.com

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Separately, Scotiabank lowered Grupo Aeroportuario del Centro Norte from a “sector perform” rating to a “sector underperform” rating in a report on Wednesday, May 15th.

Grupo Aeroportuario del Centro Norte Stock Up 3.1 %

Grupo Aeroportuario del Centro Norte stock opened at $68.24 on Wednesday. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 3.83 and a beta of 1.33. Grupo Aeroportuario del Centro Norte has a 52 week low of $50.23 and a 52 week high of $100.21. The business’s 50-day moving average price is $77.97 and its 200 day moving average price is $76.70. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.99.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last issued its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.19 by $0.05. Grupo Aeroportuario del Centro Norte had a return on equity of 54.28% and a net margin of 34.67%. The company had revenue of $189.64 million for the quarter. As a group, sell-side analysts anticipate that Grupo Aeroportuario del Centro Norte will post 5.63 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Several hedge funds and other institutional investors have recently made changes to their positions in OMAB. Parallel Advisors LLC lifted its position in shares of Grupo Aeroportuario del Centro Norte by 726.8% in the fourth quarter. Parallel Advisors LLC now owns 339 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 298 shares in the last quarter. Mather Group LLC. purchased a new position in shares of Grupo Aeroportuario del Centro Norte in the first quarter valued at approximately $34,000. EverSource Wealth Advisors LLC lifted its position in shares of Grupo Aeroportuario del Centro Norte by 900.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 470 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 423 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Grupo Aeroportuario del Centro Norte by 5,860.0% in the fourth quarter. Blue Trust Inc. now owns 596 shares of the transportation company’s stock valued at $52,000 after acquiring an additional 586 shares in the last quarter. Finally, AJOVista LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte in the fourth quarter valued at approximately $77,000. Hedge funds and other institutional investors own 9.53% of the company’s stock.

About Grupo Aeroportuario del Centro Norte

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.