Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $71.38 and traded as high as $82.43. Grupo Aeroportuario del Centro Norte shares last traded at $82.04, with a volume of 44,282 shares.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group lifted their target price on Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Grupo Aeroportuario del Centro Norte currently has an average rating of “Hold” and an average price target of $82.50.

Grupo Aeroportuario del Centro Norte Stock Performance

The firm’s fifty day moving average price is $77.39 and its 200 day moving average price is $71.50. The firm has a market cap of $3.45 billion, a P/E ratio of 14.31 and a beta of 1.25. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.08.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its position in shares of Grupo Aeroportuario del Centro Norte by 3,581.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company’s stock worth $28,000 after acquiring an additional 394 shares in the last quarter. US Bancorp DE grew its stake in Grupo Aeroportuario del Centro Norte by 143.8% in the third quarter. US Bancorp DE now owns 507 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 299 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in Grupo Aeroportuario del Centro Norte by 94.3% in the fourth quarter. Venturi Wealth Management LLC now owns 575 shares of the transportation company’s stock worth $39,000 after purchasing an additional 279 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter valued at about $48,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 41.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company’s stock valued at $48,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 9.53% of the company’s stock.

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.