Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB – Get Free Report)’s stock price dropped 3.1% on Wednesday . The company traded as low as $62.05 and last traded at $62.21. Approximately 16,225 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 51,411 shares. The stock had previously closed at $64.21.
Wall Street Analyst Weigh In
OMAB has been the subject of a number of analyst reports. Scotiabank cut Grupo Aeroportuario del Centro Norte from a “sector perform” rating to a “sector underperform” rating in a research report on Wednesday, May 15th. StockNews.com cut Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th.
Check Out Our Latest Stock Report on OMAB
Grupo Aeroportuario del Centro Norte Stock Down 3.6 %
Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB – Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The transportation company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.21. The business had revenue of $203.24 million for the quarter. Grupo Aeroportuario del Centro Norte had a return on equity of 53.36% and a net margin of 35.08%. On average, analysts predict that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.98 earnings per share for the current year.
Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte
Institutional investors have recently made changes to their positions in the business. Navellier & Associates Inc. increased its stake in Grupo Aeroportuario del Centro Norte by 5.0% during the fourth quarter. Navellier & Associates Inc. now owns 2,958 shares of the transportation company’s stock valued at $250,000 after acquiring an additional 140 shares during the period. Avidian Wealth Solutions LLC increased its stake in Grupo Aeroportuario del Centro Norte by 4.6% during the fourth quarter. Avidian Wealth Solutions LLC now owns 3,427 shares of the transportation company’s stock valued at $290,000 after acquiring an additional 150 shares during the period. Parallel Advisors LLC increased its stake in Grupo Aeroportuario del Centro Norte by 726.8% during the fourth quarter. Parallel Advisors LLC now owns 339 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 298 shares during the period. Maryland State Retirement & Pension System increased its stake in Grupo Aeroportuario del Centro Norte by 0.7% during the first quarter. Maryland State Retirement & Pension System now owns 41,445 shares of the transportation company’s stock valued at $3,133,000 after acquiring an additional 299 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in shares of Grupo Aeroportuario del Centro Norte by 8.9% in the 1st quarter. Advisors Asset Management Inc. now owns 4,146 shares of the transportation company’s stock valued at $328,000 after purchasing an additional 340 shares during the period. 9.53% of the stock is currently 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.
Featured Stories
- Five stocks we like better than Grupo Aeroportuario del Centro Norte
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- Target Hits the Mark: Q2 Earnings Exceed Expectations
- High Flyers: 3 Natural Gas Stocks for March 2022
- Is Tesla’s Rebound Just Starting? Why You Should Consider Buying
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Stanley Druckenmiller’s Latest Bet: MELI—Should You Follow Suit?
Receive News & Ratings for Grupo Aeroportuario del Centro Norte Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Aeroportuario del Centro Norte and related companies with MarketBeat.com's FREE daily email newsletter.