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

Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $87.31 and last traded at $88.0410, with a volume of 12,178 shares. The stock had previously closed at $89.83.

Wall Street Analysts Forecast Growth

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

Grupo Aeroportuario del Centro Norte Stock Down 1.0%

The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 1.19 and a beta of 0.61. The business’s 50-day moving average is $100.15 and its two-hundred day moving average is $105.39. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.10.

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

Institutional Trading of Grupo Aeroportuario del Centro Norte

Several hedge funds have recently made changes to their positions in OMAB. Empowered Funds LLC raised its position in shares of Grupo Aeroportuario del Centro Norte by 68.1% during the 1st quarter. Empowered Funds LLC now owns 168,401 shares of the transportation company’s stock worth $19,321,000 after acquiring an additional 68,212 shares in the last quarter. Empirical Finance LLC lifted its position in 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 worth $19,314,000 after acquiring an additional 71,924 shares during the period. Fisher Funds Management LTD raised its stake in shares of Grupo Aeroportuario del Centro Norte by 19.8% during 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. Militia Capital Management LLC acquired a new stake in shares of Grupo Aeroportuario del Centro Norte in the 1st quarter worth $9,732,000. Finally, Sei Investments Co. boosted its holdings 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 valued at $3,326,000 after acquiring an additional 19,599 shares in 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.