Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $67.82 and traded as high as $73.20. Grupo Aeroportuario del Centro Norte shares last traded at $71.63, with a volume of 71,881 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on OMAB shares. Bank of America lowered Grupo Aeroportuario del Centro Norte from a “buy” rating to an “underperform” rating and set a $71.50 price target on the stock. in a research note on Friday, November 15th. Scotiabank upgraded shares of Grupo Aeroportuario del Centro Norte from a “sector underperform” rating to a “sector perform” rating in a report on Wednesday, September 25th. One equities 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $80.83.

Grupo Aeroportuario del Centro Norte Stock Performance

The stock has a market cap of $3.05 billion, a PE ratio of 12.63, a P/E/G ratio of 4.39 and a beta of 1.27. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a 50-day simple moving average of $68.22 and a 200-day simple moving average of $67.82.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The company also recently announced a Thrice Yearly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 19th were issued a dividend of $1.921 per share. This represents a dividend yield of 6.5%. The ex-dividend date was Tuesday, November 19th. Grupo Aeroportuario del Centro Norte’s payout ratio is currently 98.94%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. State Street Corp increased its position in shares of Grupo Aeroportuario del Centro Norte by 6.6% in the third quarter. State Street Corp now owns 316,425 shares of the transportation company’s stock worth $21,460,000 after acquiring an additional 19,683 shares in the last quarter. 1832 Asset Management L.P. acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the 2nd quarter valued at $11,318,000. National Bank of Canada FI boosted its position in Grupo Aeroportuario del Centro Norte by 130,579.6% during the 3rd quarter. National Bank of Canada FI now owns 121,532 shares of the transportation company’s stock worth $8,242,000 after purchasing an additional 121,439 shares during the period. American Century Companies Inc. increased its holdings in Grupo Aeroportuario del Centro Norte by 6.1% in the 2nd quarter. American Century Companies Inc. now owns 72,083 shares of the transportation company’s stock valued at $4,876,000 after purchasing an additional 4,149 shares in the last quarter. Finally, Marshall Wace LLP raised its position in Grupo Aeroportuario del Centro Norte by 78.1% in the second quarter. Marshall Wace LLP now owns 69,809 shares of the transportation company’s stock valued at $4,723,000 after purchasing an additional 30,604 shares during the period. 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.