Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Reaches New 12-Month High – Should You Buy?

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) hit a new 52-week high on Tuesday . The stock traded as high as $127.60 and last traded at $127.60, with a volume of 56933 shares changing hands. The stock had previously closed at $124.48.

Analyst Upgrades and Downgrades

OMAB has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, January 9th. Finally, Zacks Research upgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Grupo Aeroportuario del Centro Norte has a consensus rating of “Hold” and a consensus price target of $106.00.

Grupo Aeroportuario del Centro Norte Trading Down 2.5%

The business’s 50-day moving average price is $112.64 and its two-hundred day moving average price is $107.42. The company has a market capitalization of $5.35 billion, a P/E ratio of 22.27, a PEG ratio of 1.99 and a beta of 0.74. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.14 and a quick ratio of 1.14.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Institutional investors have recently modified their holdings of the business. Empirical Finance LLC grew its position in shares of Grupo Aeroportuario del Centro Norte by 37.1% in the 4th quarter. Empirical Finance LLC now owns 96,419 shares of the transportation company’s stock valued at $10,487,000 after purchasing an additional 26,100 shares during the period. Federation des caisses Desjardins du Quebec raised its holdings in Grupo Aeroportuario del Centro Norte by 15.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 6,486 shares of the transportation company’s stock worth $705,000 after buying an additional 848 shares during the period. Integrated Quantitative Investments LLC lifted its stake in Grupo Aeroportuario del Centro Norte by 71.2% in the fourth quarter. Integrated Quantitative Investments LLC now owns 17,335 shares of the transportation company’s stock valued at $1,886,000 after buying an additional 7,208 shares in the last quarter. Stirlingshire Investments Inc. bought a new position in Grupo Aeroportuario del Centro Norte in the fourth quarter valued at approximately $269,000. Finally, Empowered Funds LLC boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 42.5% in the fourth quarter. Empowered Funds LLC now owns 100,189 shares of the transportation company’s stock valued at $11,707,000 after buying an additional 29,870 shares during the period. Institutional investors 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.