Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Stock Price Up 5.2%

Shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) rose 5.2% during mid-day trading on Thursday . The company traded as high as $85.31 and last traded at $85.31. Approximately 27,519 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 54,300 shares. The stock had previously closed at $81.06.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised their price objective on Grupo Aeroportuario del Centro Norte from $79.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, January 26th.

Grupo Aeroportuario del Centro Norte Trading Up 5.2 %

The business has a 50 day simple moving average of $74.66 and a two-hundred day simple moving average of $73.00. The company has a current ratio of 2.02, a quick ratio of 1.86 and a debt-to-equity ratio of 1.10. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 4.77 and a beta of 1.40.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last issued its quarterly earnings data on Thursday, February 22nd. The transportation company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.19. Grupo Aeroportuario del Centro Norte had a return on equity of 59.61% and a net margin of 34.70%. The firm had revenue of $211.59 million during the quarter. As a group, equities analysts anticipate that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.7 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. INCA Investments LLC lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 10.3% in the 4th quarter. INCA Investments LLC now owns 332,131 shares of the transportation company’s stock worth $28,108,000 after purchasing an additional 30,987 shares during the last quarter. abrdn plc raised its stake in Grupo Aeroportuario del Centro Norte by 19.4% during the 4th quarter. abrdn plc now owns 226,535 shares of the transportation company’s stock valued at $19,172,000 after acquiring an additional 36,763 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Grupo Aeroportuario del Centro Norte by 0.5% during the 4th quarter. Russell Investments Group Ltd. now owns 116,322 shares of the transportation company’s stock valued at $9,844,000 after purchasing an additional 602 shares during the period. National Bank of Canada FI increased its position in shares of Grupo Aeroportuario del Centro Norte by 63.9% during the 4th quarter. National Bank of Canada FI now owns 114,214 shares of the transportation company’s stock valued at $9,299,000 after purchasing an additional 44,546 shares during the period. Finally, Azimuth Capital Investment Management LLC increased its position in shares of Grupo Aeroportuario del Centro Norte by 68.8% during the 3rd quarter. Azimuth Capital Investment Management LLC now owns 92,360 shares of the transportation company’s stock valued at $8,027,000 after purchasing an additional 37,635 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., 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.