Short Interest in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Decreases By 32.5%

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 159,700 shares, a drop of 32.5% from the November 15th total of 236,600 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 78,400 shares, the short-interest ratio is currently 2.0 days.

Grupo Aeroportuario del Centro Norte Trading Up 3.0 %

Shares of OMAB traded up $2.12 during mid-day trading on Friday, reaching $72.67. The company’s stock had a trading volume of 100,012 shares, compared to its average volume of 62,686. Grupo Aeroportuario del Centro Norte has a 52 week low of $59.08 and a 52 week high of $90.53. The stock has a market cap of $3.09 billion, a PE ratio of 12.82, a P/E/G ratio of 4.40 and a beta of 1.30. The company’s fifty day moving average price is $67.20 and its two-hundred day moving average price is $68.09. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16.

Grupo Aeroportuario del Centro Norte Announces Dividend

The firm also recently declared a Thrice Yearly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 19th were paid a $1.921 dividend. This represents a yield of 6.5%. The ex-dividend date was Tuesday, November 19th. Grupo Aeroportuario del Centro Norte’s dividend payout ratio is presently 99.12%.

Analysts Set New Price Targets

OMAB has been the topic of several research analyst reports. Bank of America cut shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to an “underperform” rating and set a $71.50 price objective on the stock. in a research report on Friday, November 15th. Scotiabank raised shares of Grupo Aeroportuario del Centro Norte from a “sector underperform” rating to a “sector perform” rating in a report on Wednesday, September 25th. Finally, Morgan Stanley raised shares of Grupo Aeroportuario del Centro Norte from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $82.00 to $77.00 in a report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $80.83.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of OMAB. 1832 Asset Management L.P. bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the 2nd quarter valued at about $11,318,000. National Bank of Canada FI lifted its position in Grupo Aeroportuario del Centro Norte by 130,579.6% in the third quarter. National Bank of Canada FI now owns 121,532 shares of the transportation company’s stock valued at $8,242,000 after purchasing an additional 121,439 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 355.1% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 53,700 shares of the transportation company’s stock valued at $3,633,000 after purchasing an additional 41,900 shares during the period. Duff & Phelps Investment Management Co. purchased a new stake in shares of Grupo Aeroportuario del Centro Norte during the second quarter valued at approximately $2,300,000. Finally, Marshall Wace LLP grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 78.1% in the second quarter. Marshall Wace LLP now owns 69,809 shares of the transportation company’s stock worth $4,723,000 after purchasing an additional 30,604 shares during the last quarter. 9.53% of the stock is owned by institutional investors.

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.