Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) Sees Significant Growth in Short Interest

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 322,478 shares, a growth of 25.4% from the March 31st total of 257,252 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average trading volume of 100,936 shares, the short-interest ratio is currently 3.2 days.

Grupo Aeroportuario del Centro Norte Stock Performance

NASDAQ OMAB traded down $1.09 on Friday, hitting $104.92. 59,644 shares of the company’s stock were exchanged, compared to its average volume of 94,310. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.32 and a quick ratio of 1.14. The firm’s 50-day moving average price is $114.52 and its two-hundred day moving average price is $111.44. Grupo Aeroportuario del Centro Norte has a fifty-two week low of $86.62 and a fifty-two week high of $134.99. The firm has a market cap of $4.46 billion, a price-to-earnings ratio of 17.55, a P/E/G ratio of 1.10 and a beta of 0.65.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last released its earnings results on Tuesday, April 28th. The transportation company reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.08). Grupo Aeroportuario del Centro Norte had a return on equity of 55.19% and a net margin of 32.67%.The business had revenue of $213.33 million for the quarter, compared to analyst estimates of $199.73 million. On average, research analysts expect that Grupo Aeroportuario del Centro Norte will post 7.13 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Zacks Research cut Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Wall Street Zen cut Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 14th. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Friday, January 9th. Finally, HSBC upgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and boosted their price target for the company from $112.00 to $134.00 in a research report on Thursday, April 16th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $120.00.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Several institutional investors and hedge funds have recently added to or reduced their stakes in OMAB. Janney Montgomery Scott LLC acquired a new position in Grupo Aeroportuario del Centro Norte during the 4th quarter worth approximately $11,038,000. AQR Capital Management LLC increased its position in Grupo Aeroportuario del Centro Norte by 63.4% during the 2nd quarter. AQR Capital Management LLC now owns 102,050 shares of the transportation company’s stock worth $10,766,000 after purchasing an additional 39,581 shares during the period. Voleon Capital Management LP acquired a new position in Grupo Aeroportuario del Centro Norte during the 3rd quarter worth approximately $3,757,000. Goldman Sachs Group Inc. increased its position in Grupo Aeroportuario del Centro Norte by 171.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 47,253 shares of the transportation company’s stock worth $5,140,000 after purchasing an additional 29,875 shares during the period. Finally, Empowered Funds LLC increased its position in Grupo Aeroportuario del Centro Norte by 42.5% during the 4th quarter. Empowered Funds LLC now owns 100,189 shares of the transportation company’s stock worth $11,707,000 after purchasing an additional 29,870 shares during the period. Institutional investors and hedge funds own 9.53% of the company’s stock.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V. (OMAB) is a Mexican airport operator that develops, manages and operates airports under long?term concessions granted by the Federal Government of Mexico. The company’s core business covers all aspects of airport operations, including passenger processing, airfield services, security, ground handling, cargo handling and commercial activities such as retail, food and beverage, and parking.

OMA currently holds concession contracts for 13 airports in central and northern Mexico, serving key markets such as Monterrey, Ciudad Juárez, Culiacán, Hermosillo and Torreón.