Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) Stock Short Interest Jumps 50.0%

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 343,019 shares, an increase of 50.0% from the August 31st total of 228,738 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average trading volume of 87,438 shares, the short-interest ratio is currently 3.9 days.

Grupo Aeroportuario del Centro Norte Price Performance

NASDAQ OMAB traded up $1.34 on Friday, hitting $95.53. 2,280 shares of the company’s stock were exchanged, compared to its average volume of 91,915. The stock has a 50-day moving average of $102.50 and a 200-day moving average of $106.41. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 15.28, a P/E/G ratio of 1.26 and a beta of 0.61. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.10. Grupo Aeroportuario del Centro Norte has a 52 week low of $93.24 and a 52 week high of $134.99.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last announced its quarterly earnings data on Wednesday, July 1st. The transportation company reported $1.74 EPS for the quarter. The company had revenue of $255.27 million during the quarter. Grupo Aeroportuario del Centro Norte had a net margin of 33.17% and a return on equity of 49.50%. Analysts expect that Grupo Aeroportuario del Centro Norte will post 6.93 earnings per share for the current year.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

A number of hedge funds have recently made changes to their positions in the business. QRG Capital Management Inc. grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 15.8% in the second quarter. QRG Capital Management Inc. now owns 2,764 shares of the transportation company’s stock worth $313,000 after purchasing an additional 378 shares during the last quarter. Squarepoint Ops LLC lifted its stake in shares of Grupo Aeroportuario del Centro Norte by 44.4% in the 2nd quarter. Squarepoint Ops LLC now owns 3,425 shares of the transportation company’s stock valued at $387,000 after purchasing an additional 1,053 shares during the period. Opal Capital LLC boosted its position in shares of Grupo Aeroportuario del Centro Norte by 14.1% during the first quarter. Opal Capital LLC now owns 15,136 shares of the transportation company’s stock valued at $1,737,000 after purchasing an additional 1,870 shares in the last quarter. Amundi grew its stake in Grupo Aeroportuario del Centro Norte by 60.0% in the first quarter. Amundi now owns 5,972 shares of the transportation company’s stock worth $685,000 after purchasing an additional 2,240 shares during the period. Finally, Empowered Funds LLC raised its holdings in Grupo Aeroportuario del Centro Norte by 68.1% in the first quarter. Empowered Funds LLC now owns 168,401 shares of the transportation company’s stock worth $19,321,000 after purchasing an additional 68,212 shares in the last quarter. 9.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on OMAB. Weiss Ratings raised Grupo Aeroportuario del Centro Norte from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Zacks Research raised shares of Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Finally, JPMorgan Chase & Co. raised shares of Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a research note on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $134.00.

Grupo Aeroportuario del Centro Norte Company Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V., known as OMA, operates and manages 13 airports in central and northern Mexico. Its airport network serves major metropolitan areas, industrial centers and tourist destinations, including Monterrey, Acapulco, Ciudad Juárez, Culiacán, Chihuahua, Mazatlán, San Luis Potosí, Torreón, Tampico and Zihuatanejo.

The company provides airport services that support commercial aviation, including passenger processing, aircraft landing and parking, baggage handling and other aeronautical operations.