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

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $67.82 and traded as high as $73.20. Grupo Aeroportuario del Centro Norte shares last traded at $71.63, with a volume of 71,881 shares traded.

Wall Street Analysts Forecast Growth

OMAB has been the subject of several recent analyst reports. Bank of America cut Grupo Aeroportuario del Centro Norte from a “buy” rating to an “underperform” rating and set a $71.50 price target for the company. in a report on Friday, November 15th. Scotiabank raised Grupo Aeroportuario del Centro Norte from a “sector underperform” rating to a “sector perform” rating in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Grupo Aeroportuario del Centro Norte currently has an average rating of “Hold” and a consensus price target of $80.83.

Grupo Aeroportuario del Centro Norte Trading Up 3.7 %

The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 4.39 and a beta of 1.27. The business has a fifty day moving average of $68.22 and a two-hundred day moving average of $67.82. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.08.

Grupo Aeroportuario del Centro Norte Announces Dividend

The company also recently declared a Thrice Yearly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 19th were given a $1.921 dividend. This represents a dividend yield of 6.5%. The ex-dividend date was Tuesday, November 19th. Grupo Aeroportuario del Centro Norte’s dividend payout ratio is currently 98.94%.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Several institutional investors and hedge funds have recently made changes to their positions in OMAB. State Street Corp raised its position in Grupo Aeroportuario del Centro Norte by 6.6% during the third quarter. State Street Corp now owns 316,425 shares of the transportation company’s stock worth $21,460,000 after acquiring an additional 19,683 shares during the last quarter. 1832 Asset Management L.P. acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the 2nd quarter worth approximately $11,318,000. National Bank of Canada FI lifted its stake in Grupo Aeroportuario del Centro Norte by 130,579.6% in the 3rd quarter. National Bank of Canada FI now owns 121,532 shares of the transportation company’s stock valued at $8,242,000 after buying an additional 121,439 shares in the last quarter. American Century Companies Inc. grew its holdings in Grupo Aeroportuario del Centro Norte by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 72,083 shares of the transportation company’s stock valued at $4,876,000 after buying an additional 4,149 shares during the last quarter. Finally, Marshall Wace LLP increased its position in Grupo Aeroportuario del Centro Norte by 78.1% during the second quarter. Marshall Wace LLP now owns 69,809 shares of the transportation company’s stock worth $4,723,000 after buying an additional 30,604 shares in the last quarter. 9.53% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Centro Norte Company Profile

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.