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 decrease in short interest in the month of November. As of November 30th, there was short interest totalling 159,700 shares, a decrease of 32.5% from the November 15th total of 236,600 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 78,400 shares, the short-interest ratio is presently 2.0 days.

Wall Street Analysts Forecast Growth

OMAB has been the topic of a number of research reports. Bank of America downgraded Grupo Aeroportuario del Centro Norte from a “buy” rating to an “underperform” rating and set a $71.50 price target on the stock. in a research note on Friday, November 15th. Scotiabank upgraded Grupo Aeroportuario del Centro Norte from a “sector underperform” rating to a “sector perform” rating in a report on Wednesday, September 25th. Finally, Morgan Stanley upgraded shares of Grupo Aeroportuario del Centro Norte from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $82.00 to $77.00 in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $80.83.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Signaturefd LLC raised its stake in Grupo Aeroportuario del Centro Norte by 109.2% in the 3rd quarter. Signaturefd LLC now owns 498 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 260 shares during the period. US Bancorp DE raised its position in shares of Grupo Aeroportuario del Centro Norte by 143.8% in the third quarter. US Bancorp DE now owns 507 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 299 shares during the period. Barclays PLC purchased a new stake in shares of Grupo Aeroportuario del Centro Norte during the 3rd quarter valued at approximately $72,000. Blue Trust Inc. lifted its stake in shares of Grupo Aeroportuario del Centro Norte by 565.3% during the 2nd quarter. Blue Trust Inc. now owns 1,131 shares of the transportation company’s stock valued at $77,000 after buying an additional 961 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Grupo Aeroportuario del Centro Norte in the 3rd quarter worth approximately $281,000. Hedge funds and other institutional investors own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Stock Up 3.0 %

Shares of OMAB traded up $2.12 during trading hours on Friday, reaching $72.67. 100,012 shares of the stock traded hands, compared to its average volume of 62,686. 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 current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. The stock has a fifty day simple moving average of $67.20 and a 200 day simple moving average of $68.09. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 4.40 and a beta of 1.30.

Grupo Aeroportuario del Centro Norte Announces Dividend

The firm also recently declared a Thrice Yearly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th were issued a dividend of $1.921 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a yield of 6.5%. Grupo Aeroportuario del Centro Norte’s dividend payout ratio (DPR) is currently 99.12%.

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.