Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Shares Gap Down – Here’s What Happened

Shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) gapped down prior to trading on Friday . The stock had previously closed at $65.85, but opened at $63.13. Grupo Aeroportuario del Centro Norte shares last traded at $64.77, with a volume of 6,665 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have commented on OMAB. Bank of America cut Grupo Aeroportuario del Centro Norte from a “buy” rating to an “underperform” rating and set a $71.50 target price on the stock. in a report on Friday. Morgan Stanley raised Grupo Aeroportuario del Centro Norte from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $82.00 to $77.00 in a research note on Friday, September 6th. Finally, Scotiabank raised shares of Grupo Aeroportuario del Centro Norte from a “sector underperform” rating to a “sector perform” rating in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $80.83.

Grupo Aeroportuario del Centro Norte Trading Down 4.2 %

The business has a 50 day simple moving average of $68.08 and a two-hundred day simple moving average of $70.60. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. The company has a market cap of $2.68 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 3.99 and a beta of 1.31.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The firm also recently announced a Thrice Yearly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th will be given a dividend of $1.921 per share. The ex-dividend date is Tuesday, November 19th. This represents a yield of 6.5%. Grupo Aeroportuario del Centro Norte’s dividend payout ratio (DPR) is presently 101.59%.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 109.2% during the 3rd quarter. Signaturefd LLC now owns 498 shares of the transportation company’s stock worth $34,000 after acquiring an additional 260 shares during the period. US Bancorp DE raised its stake in Grupo Aeroportuario del Centro Norte by 143.8% during the third quarter. US Bancorp DE now owns 507 shares of the transportation company’s stock worth $34,000 after purchasing an additional 299 shares during the period. Barclays PLC acquired a new position in shares of Grupo Aeroportuario del Centro Norte in the 3rd quarter valued at $72,000. Blue Trust Inc. grew its stake in shares of Grupo Aeroportuario del Centro Norte by 565.3% during the 2nd quarter. Blue Trust Inc. now owns 1,131 shares of the transportation company’s stock valued at $77,000 after buying an additional 961 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Grupo Aeroportuario del Centro Norte during the 1st quarter worth $202,000. Hedge funds and other institutional investors own 9.53% of the company’s stock.

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.