Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Short Interest Update

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 224,500 shares, a growth of 23.5% from the February 28th total of 181,800 shares. Based on an average daily trading volume, of 68,100 shares, the days-to-cover ratio is presently 3.3 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in shares of Grupo Aeroportuario del Centro Norte by 3,581.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 394 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Grupo Aeroportuario del Centro Norte by 94.3% during the 4th quarter. Venturi Wealth Management LLC now owns 575 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 279 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew 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 worth $48,000 after acquiring an additional 200 shares during the last quarter. Fifth Third Bancorp purchased a new stake in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter valued at $48,000. Finally, Barclays PLC acquired a new stake in Grupo Aeroportuario del Centro Norte during the 3rd quarter worth about $72,000. Institutional investors own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Price Performance

Shares of NASDAQ:OMAB opened at $79.84 on Thursday. Grupo Aeroportuario del Centro Norte has a 12 month low of $59.08 and a 12 month high of $90.53. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 14.08 and a beta of 1.25. The stock’s 50 day moving average price is $78.49 and its 200 day moving average price is $72.57. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 1.08.

Analysts Set New Price Targets

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

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.