Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) Short Interest Update

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Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) saw a significant drop in short interest in August. As of August 31st, there was short interest totalling 17,200 shares, a drop of 55.4% from the July 31st total of 38,600 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 63,500 shares, the short-interest ratio is presently 0.3 days.

OMAB has been the topic of a number of recent analyst reports. ValuEngine downgraded Grupo Aeroportuario del Centro Nort from a “buy” rating to a “hold” rating in a research report on Friday, June 28th. Zacks Investment Research downgraded Grupo Aeroportuario del Centro Nort from a “buy” rating to a “hold” rating in a research report on Tuesday, September 3rd. UBS Group downgraded Grupo Aeroportuario del Centro Nort from a “buy” rating to a “neutral” rating in a research report on Thursday, June 27th. Finally, BidaskClub upgraded Grupo Aeroportuario del Centro Nort from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $52.00.

Shares of OMAB stock traded up $0.19 on Friday, reaching $47.61. The company’s stock had a trading volume of 24,600 shares, compared to its average volume of 77,867. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.55. Grupo Aeroportuario del Centro Nort has a 12-month low of $33.39 and a 12-month high of $58.10. The company has a market capitalization of $2.05 billion, a P/E ratio of 16.16, a PEG ratio of 4.66 and a beta of 0.78. The stock’s 50 day simple moving average is $46.74 and its 200-day simple moving average is $47.97.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) last issued its quarterly earnings data on Wednesday, July 24th. The transportation company reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.05. Grupo Aeroportuario del Centro Nort had a return on equity of 37.00% and a net margin of 38.86%. The company had revenue of $113.38 million for the quarter. Research analysts expect that Grupo Aeroportuario del Centro Nort will post 3.41 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OMAB. Quantamental Technologies LLC raised its position in Grupo Aeroportuario del Centro Nort by 58.5% during the second quarter. Quantamental Technologies LLC now owns 653 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 241 shares in the last quarter. American Beacon Advisors Inc. raised its position in Grupo Aeroportuario del Centro Nort by 54.0% during the first quarter. American Beacon Advisors Inc. now owns 796 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 279 shares in the last quarter. SG Americas Securities LLC raised its position in Grupo Aeroportuario del Centro Nort by 22.1% during the first quarter. SG Americas Securities LLC now owns 4,413 shares of the transportation company’s stock valued at $199,000 after purchasing an additional 799 shares in the last quarter. Eagle Asset Management Inc. purchased a new stake in Grupo Aeroportuario del Centro Nort during the first quarter valued at about $213,000. Finally, Stevens Capital Management LP purchased a new stake in Grupo Aeroportuario del Centro Nort during the second quarter valued at about $252,000. Institutional investors and hedge funds own 12.14% of the company’s stock.

About Grupo Aeroportuario del Centro Nort

Grupo Aeroportuario del Centro Norte, S. A. B. de C. V., through its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, Zacatecas, Ciudad Juárez, and Reynosa cities.

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