Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Short Interest Update

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 191,400 shares, a growth of 124.1% from the March 15th total of 85,400 shares. Based on an average daily volume of 128,300 shares, the days-to-cover ratio is presently 1.5 days.

OMAB has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a report on Wednesday, March 10th. UBS Group reaffirmed a “neutral” rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Wednesday, March 17th. Finally, The Goldman Sachs Group reduced their price target on shares of Grupo Aeroportuario del Centro Norte from $50.00 to $49.00 and set a “neutral” rating for the company in a research report on Sunday. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $49.57.

A number of institutional investors and hedge funds have recently bought and sold shares of OMAB. FNY Investment Advisers LLC acquired a new stake in Grupo Aeroportuario del Centro Norte during the 1st quarter worth approximately $404,000. Susquehanna International Group LLP purchased a new position in Grupo Aeroportuario del Centro Norte in the 4th quarter valued at $309,000. RBF Capital LLC purchased a new position in Grupo Aeroportuario del Centro Norte in the 4th quarter valued at $279,000. JPMorgan Chase & Co. increased its stake in Grupo Aeroportuario del Centro Norte by 10.6% in the 4th quarter. JPMorgan Chase & Co. now owns 5,217 shares of the transportation company’s stock valued at $270,000 after buying an additional 500 shares during the period. Finally, Perry Creek Capital LP purchased a new position in Grupo Aeroportuario del Centro Norte during the 4th quarter worth $14,387,000. 11.39% of the stock is owned by hedge funds and other institutional investors.

OMAB stock opened at $53.48 on Thursday. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 34.28, a price-to-earnings-growth ratio of 7.50 and a beta of 1.52. The company has a fifty day moving average price of $51.24 and a 200 day moving average price of $47.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 1.05. Grupo Aeroportuario del Centro Norte has a 12 month low of $25.88 and a 12 month high of $60.53.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings data on Tuesday, February 16th. The transportation company reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. Grupo Aeroportuario del Centro Norte had a net margin of 28.30% and a return on equity of 16.82%. The company had revenue of $76.12 million for the quarter. As a group, analysts anticipate that Grupo Aeroportuario del Centro Norte will post 1.13 earnings per share for the current year.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V., through its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, Zacatecas, Ciudad Juárez, and Reynosa cities.

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