Short Interest in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Increases By 258.1%

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 88,100 shares, a growth of 258.1% from the March 15th total of 24,600 shares. Based on an average daily trading volume, of 55,600 shares, the short-interest ratio is currently 1.6 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Grupo Aeroportuario del Centro Norte by 3.4% in the second quarter. BlackRock Inc. now owns 699,848 shares of the transportation company’s stock worth $59,375,000 after purchasing an additional 22,756 shares in the last quarter. State Street Corp lifted its holdings in Grupo Aeroportuario del Centro Norte by 6.5% in the 2nd quarter. State Street Corp now owns 348,880 shares of the transportation company’s stock worth $17,870,000 after purchasing an additional 21,244 shares during the last quarter. INCA Investments LLC lifted its stake in shares of Grupo Aeroportuario del Centro Norte by 10.3% in the fourth quarter. INCA Investments LLC now owns 332,131 shares of the transportation company’s stock worth $28,108,000 after buying an additional 30,987 shares during the last quarter. Royal London Asset Management Ltd. acquired a new stake in shares of Grupo Aeroportuario del Centro Norte in the fourth quarter valued at about $26,252,000. Finally, 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 purchasing an additional 36,763 shares during the last quarter. 9.53% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario del Centro Norte Price Performance

NASDAQ OMAB traded down $1.90 on Friday, reaching $79.56. The company’s stock had a trading volume of 44,986 shares, compared to its average volume of 56,199. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.86 and a current ratio of 2.02. The stock has a market cap of $3.42 billion, a PE ratio of 13.33, a PEG ratio of 4.92 and a beta of 1.40. Grupo Aeroportuario del Centro Norte has a twelve month low of $50.23 and a twelve month high of $100.21. The firm’s 50 day moving average is $74.02 and its two-hundred day moving average is $73.21.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last announced its earnings results on Thursday, February 22nd. The transportation company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.34 by $0.19. The business had revenue of $211.59 million during the quarter. Grupo Aeroportuario del Centro Norte had a return on equity of 59.61% and a net margin of 34.70%. As a group, sell-side analysts predict that Grupo Aeroportuario del Centro Norte will post 5.52 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.