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

by · The Cerbat Gem

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB – Get Free Report) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 343,019 shares, an increase of 50.0% from the August 31st total of 228,738 shares. Based on an average trading volume of 87,438 shares, the short-interest ratio is currently 3.9 days. Currently, 0.8% of the company’s shares are sold short.

Grupo Aeroportuario del Centro Norte Stock Down 2.5%

NASDAQ:OMAB traded down $2.43 on Thursday, hitting $94.18. The stock had a trading volume of 228,763 shares, compared to its average volume of 92,402. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.10. Grupo Aeroportuario del Centro Norte has a 52 week low of $93.24 and a 52 week high of $134.99. The business’s fifty day moving average is $102.70 and its 200 day moving average is $106.49. The company has a market cap of $4.01 billion, a PE ratio of 15.07, a P/E/G ratio of 1.29 and a beta of 0.61.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB – Get Free Report) last released its quarterly earnings data on Wednesday, July 1st. The transportation company reported $1.74 EPS for the quarter. Grupo Aeroportuario del Centro Norte had a return on equity of 49.50% and a net margin of 33.17%.The firm had revenue of $255.27 million during the quarter. On average, equities research analysts expect that Grupo Aeroportuario del Centro Norte will post 6.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OMAB. QRG Capital Management Inc. lifted its stake in Grupo Aeroportuario del Centro Norte by 15.8% during the second quarter. QRG Capital Management Inc. now owns 2,764 shares of the transportation company’s stock worth $313,000 after purchasing an additional 378 shares in the last quarter. Ritholtz Wealth Management grew its stake in shares of Grupo Aeroportuario del Centro Norte by 5.6% in the first quarter. Ritholtz Wealth Management now owns 13,746 shares of the transportation company’s stock valued at $1,577,000 after buying an additional 734 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 44.4% in the 2nd quarter. Squarepoint Ops LLC now owns 3,425 shares of the transportation company’s stock valued at $387,000 after buying an additional 1,053 shares during the period. TrueMark Investments LLC lifted its stake in Grupo Aeroportuario del Centro Norte by 14.1% during the 1st quarter. TrueMark Investments LLC now owns 15,136 shares of the transportation company’s stock worth $1,737,000 after acquiring an additional 1,870 shares in the last quarter. Finally, Opal Capital LLC boosted its holdings in Grupo Aeroportuario del Centro Norte by 14.1% in the first quarter. Opal Capital LLC now owns 15,136 shares of the transportation company’s stock valued at $1,737,000 after purchasing an additional 1,870 shares during the period. Institutional investors and hedge funds own 9.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on OMAB shares. Zacks Research upgraded Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Weiss Ratings raised Grupo Aeroportuario del Centro Norte from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Finally, JPMorgan Chase & Co. upgraded Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 22nd. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $134.00.

Get Our Latest Report on Grupo Aeroportuario del Centro Norte

About Grupo Aeroportuario del Centro Norte

(Get Free Report)

Grupo Aeroportuario del Centro Norte, SAB. de C.V., known as OMA, operates and manages 13 airports in central and northern Mexico. Its airport network serves major metropolitan areas, industrial centers and tourist destinations, including Monterrey, Acapulco, Ciudad Juárez, Culiacán, Chihuahua, Mazatlán, San Luis Potosí, Torreón, Tampico and Zihuatanejo.

The company provides airport services that support commercial aviation, including passenger processing, aircraft landing and parking, baggage handling and other aeronautical operations.

Further Reading