Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Downgraded to Hold at StockNews.com

StockNews.com downgraded shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMABGet Rating) from a buy rating to a hold rating in a research report report published on Tuesday morning.

Separately, Morgan Stanley raised Grupo Aeroportuario del Centro Norte from an equal weight rating to an overweight rating and set a $71.00 price target for the company in a research note on Monday, May 23rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Grupo Aeroportuario del Centro Norte currently has a consensus rating of Moderate Buy and a consensus price target of $64.67.

Grupo Aeroportuario del Centro Norte Stock Down 0.6 %

OMAB stock opened at $50.95 on Tuesday. The company has a market cap of $2.17 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 4.30 and a beta of 1.25. The business has a 50-day simple moving average of $52.58 and a 200 day simple moving average of $55.24. Grupo Aeroportuario del Centro Norte has a 52 week low of $44.86 and a 52 week high of $63.06. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.22.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The firm also recently announced a Variable dividend, which was paid on Monday, August 1st. Shareholders of record on Friday, July 22nd were given a $0.435 dividend. This represents a yield of 7.9%. The ex-dividend date was Thursday, July 21st. Grupo Aeroportuario del Centro Norte’s dividend payout ratio is presently 213.73%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC grew its position in Grupo Aeroportuario del Centro Norte by 11.3% in the first quarter. SG Americas Securities LLC now owns 2,225 shares of the transportation company’s stock valued at $133,000 after acquiring an additional 226 shares during the last quarter. Sanders Morris Harris LLC bought a new position in Grupo Aeroportuario del Centro Norte in the first quarter valued at about $203,000. Northern Trust Corp bought a new position in Grupo Aeroportuario del Centro Norte in the first quarter valued at about $203,000. Guggenheim Capital LLC bought a new position in Grupo Aeroportuario del Centro Norte in the first quarter valued at about $237,000. Finally, Meixler Investment Management Ltd. bought a new position in Grupo Aeroportuario del Centro Norte in the fourth quarter valued at about $230,000. Institutional investors own 8.75% of the company’s stock.

About Grupo Aeroportuario del Centro Norte

(Get Rating)

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.

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