Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Reaches New 1-Year High – Should You Buy?

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $121.16 and last traded at $119.32, with a volume of 95528 shares traded. The stock had previously closed at $120.22.

Analysts Set New Price Targets

A number of brokerages recently issued reports on OMAB. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Friday, January 9th. Zacks Research raised Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. Finally, Wall Street Zen upgraded Grupo Aeroportuario del Centro Norte from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 6th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $102.50.

Grupo Aeroportuario del Centro Norte Stock Performance

The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $5.08 billion, a P/E ratio of 21.12, a PEG ratio of 1.85 and a beta of 0.76. The company’s fifty day simple moving average is $108.86 and its two-hundred day simple moving average is $106.48.

Grupo Aeroportuario del Centro Norte Dividend Announcement

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

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Institutional investors have recently modified their holdings of the business. Empowered Funds LLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the second quarter worth $5,269,000. AQR Capital Management LLC raised its stake in Grupo Aeroportuario del Centro Norte by 63.4% during the 2nd quarter. AQR Capital Management LLC now owns 102,050 shares of the transportation company’s stock worth $10,766,000 after buying an additional 39,581 shares during the period. Voleon Capital Management LP acquired a new position in Grupo Aeroportuario del Centro Norte during the third quarter worth $3,757,000. Militia Capital Partners LP increased its holdings in Grupo Aeroportuario del Centro Norte by 60.8% during the 2nd quarter. Militia Capital Partners LP now owns 78,252 shares of the transportation company’s stock worth $8,256,000 after purchasing an additional 29,600 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in Grupo Aeroportuario del Centro Norte by 125.0% during the 3rd quarter. Millennium Management LLC now owns 40,496 shares of the transportation company’s stock worth $4,206,000 after acquiring an additional 22,497 shares during the last quarter. Institutional investors and hedge funds own 9.53% of the company’s stock.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V. (OMAB) is a Mexican airport operator that develops, manages and operates airports under long‐term concessions granted by the Federal Government of Mexico. The company’s core business covers all aspects of airport operations, including passenger processing, airfield services, security, ground handling, cargo handling and commercial activities such as retail, food and beverage, and parking.

OMA currently holds concession contracts for 13 airports in central and northern Mexico, serving key markets such as Monterrey, Ciudad Juárez, Culiacán, Hermosillo and Torreón.