Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Hits New 52-Week Low – Time to Sell?

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) shares hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $95.29 and last traded at $95.1550, with a volume of 10569 shares changing hands. The stock had previously closed at $96.61.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Grupo Aeroportuario del Centro Norte from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a research note on Wednesday, July 22nd. Finally, Zacks Research upgraded shares of Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $134.00.

Grupo Aeroportuario del Centro Norte Price Performance

The business has a 50-day moving average price of $102.70 and a two-hundred day moving average price of $106.49. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 1.29 and a beta of 0.61.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last announced its quarterly earnings results on Wednesday, July 1st. The transportation company reported $1.74 EPS for the quarter. Grupo Aeroportuario del Centro Norte had a net margin of 33.17% and a return on equity of 49.50%. The business had revenue of $255.27 million during the quarter. As a group, research analysts anticipate that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 6.93 EPS for the current year.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

A number of institutional investors and hedge funds have recently made changes to their positions in OMAB. Militia Capital Management LLC purchased a new stake in shares of Grupo Aeroportuario del Centro Norte in the 1st quarter valued at about $9,732,000. Empirical Finance LLC boosted its position in shares of Grupo Aeroportuario del Centro Norte by 74.6% during the 1st quarter. Empirical Finance LLC now owns 168,343 shares of the transportation company’s stock valued at $19,314,000 after acquiring an additional 71,924 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 68.1% during the first quarter. Empowered Funds LLC now owns 168,401 shares of the transportation company’s stock worth $19,321,000 after purchasing an additional 68,212 shares in the last quarter. Fisher Funds Management LTD increased its position in shares of Grupo Aeroportuario del Centro Norte by 19.8% in the first quarter. Fisher Funds Management LTD now owns 148,551 shares of the transportation company’s stock worth $17,043,000 after purchasing an additional 24,583 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of Grupo Aeroportuario del Centro Norte by 208.7% in the first quarter. Sei Investments Co. now owns 28,991 shares of the transportation company’s stock worth $3,326,000 after purchasing an additional 19,599 shares during the last quarter. Institutional investors and hedge funds own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Company Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V., known as OMA, operates and manages 13 airports in central and northern Mexico. Its airport network serves major metropolitan areas, industrial centers and tourist destinations, including Monterrey, Acapulco, Ciudad Juárez, Culiacán, Chihuahua, Mazatlán, San Luis Potosí, Torreón, Tampico and Zihuatanejo.

The company provides airport services that support commercial aviation, including passenger processing, aircraft landing and parking, baggage handling and other aeronautical operations.