Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) from a hold rating to a buy rating in a research report report published on Saturday morning.

A number of other analysts also recently commented on OMAB. Citigroup reiterated a “hold” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Wednesday, September 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Saturday, September 27th. Finally, Zacks Research downgraded shares of Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Grupo Aeroportuario del Centro Norte presently has an average rating of “Hold” and a consensus price target of $92.17.

Grupo Aeroportuario del Centro Norte Stock Up 2.3%

NASDAQ OMAB opened at $105.05 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.86 and a quick ratio of 0.86. The company’s 50 day simple moving average is $105.44 and its 200 day simple moving average is $99.82. Grupo Aeroportuario del Centro Norte has a 12 month low of $62.06 and a 12 month high of $116.25. The company has a market capitalization of $4.47 billion, a P/E ratio of 19.45, a PEG ratio of 2.53 and a beta of 0.94.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC purchased a new position in Grupo Aeroportuario del Centro Norte during the second quarter valued at approximately $105,360,000. Arrowstreet Capital Limited Partnership grew its position in Grupo Aeroportuario del Centro Norte by 2.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 171,433 shares of the transportation company’s stock valued at $18,086,000 after purchasing an additional 4,638 shares in the last quarter. Aberdeen Group plc grew its position in Grupo Aeroportuario del Centro Norte by 4.8% during the second quarter. Aberdeen Group plc now owns 163,821 shares of the transportation company’s stock valued at $17,319,000 after purchasing an additional 7,487 shares in the last quarter. American Century Companies Inc. grew its position in Grupo Aeroportuario del Centro Norte by 18.4% during the second quarter. American Century Companies Inc. now owns 115,744 shares of the transportation company’s stock valued at $12,211,000 after purchasing an additional 18,028 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Grupo Aeroportuario del Centro Norte by 63.4% during the second quarter. AQR Capital Management LLC now owns 102,050 shares of the transportation company’s stock valued at $10,766,000 after purchasing an additional 39,581 shares in the last quarter. 9.53% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Centro Norte Company Profile

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.