Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) from a buy rating to a strong-buy rating in a report released on Saturday.

Several other analysts have also recently commented on OMAB. Citigroup restated a “hold” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Wednesday, September 10th. Zacks Research raised shares of Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Grupo Aeroportuario del Centro Norte currently has an average rating of “Hold” and an average target price of $102.50.

Grupo Aeroportuario del Centro Norte Price Performance

OMAB stock opened at $101.76 on Friday. The stock has a 50-day simple moving average of $103.40 and a 200-day simple moving average of $104.76. The firm has a market cap of $4.33 billion, a P/E ratio of 18.01, a price-to-earnings-growth ratio of 2.86 and a beta of 0.78. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.14 and a current ratio of 1.14. Grupo Aeroportuario del Centro Norte has a 1 year low of $67.61 and a 1 year high of $116.25.

Grupo Aeroportuario del Centro Norte Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 5th. Investors of record on Wednesday, November 26th were paid a $2.5219 dividend. This represents a dividend yield of 471.0%. The ex-dividend date of this dividend was Wednesday, November 26th. Grupo Aeroportuario del Centro Norte’s payout ratio is presently 78.05%.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Several hedge funds have recently bought and sold shares of OMAB. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Grupo Aeroportuario del Centro Norte in the second quarter worth about $105,360,000. Empowered Funds LLC acquired a new stake in Grupo Aeroportuario del Centro Norte in the 2nd quarter worth approximately $5,269,000. AQR Capital Management LLC lifted its holdings in Grupo Aeroportuario del Centro Norte by 63.4% in the 2nd quarter. AQR Capital Management LLC now owns 102,050 shares of the transportation company’s stock worth $10,766,000 after purchasing an additional 39,581 shares during the last quarter. Voleon Capital Management LP bought a new stake in Grupo Aeroportuario del Centro Norte during the third quarter worth approximately $3,757,000. Finally, Militia Capital Partners LP grew its holdings in Grupo Aeroportuario del Centro Norte by 60.8% during the second quarter. Militia Capital Partners LP now owns 78,252 shares of the transportation company’s stock valued at $8,256,000 after purchasing an additional 29,600 shares during the last quarter. 9.53% of the stock is owned by institutional investors and hedge funds.

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.