Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Stock Passes Above 200-Day Moving Average - Here's Why

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-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 trading hands.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OMAB. Scotiabank raised shares of Grupo Aeroportuario del Centro Norte from a "sector underperform" rating to a "sector perform" rating in a research report on Wednesday, September 25th. 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Grupo Aeroportuario del Centro Norte has a consensus rating of "Hold" and a consensus target price of $80.83.

Grupo Aeroportuario del Centro Norte Price Performance

The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.08. The stock's 50-day moving average is $68.31 and its two-hundred day moving average is $67.85. The stock has a market cap of $3.14 billion, a PE ratio of 13.01, a PEG ratio of 4.39 and a beta of 1.27.

Grupo Aeroportuario del Centro Norte Announces Dividend

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

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Institutional investors and hedge funds have recently modified their holdings of the company. 1832 Asset Management L.P. purchased a new stake in Grupo Aeroportuario del Centro Norte during the second quarter worth about $11,318,000. National Bank of Canada FI grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 130,579.6% in the third quarter. National Bank of Canada FI now owns 121,532 shares of the transportation company's stock valued at $8,242,000 after purchasing an additional 121,439 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Grupo Aeroportuario del Centro Norte by 355.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 53,700 shares of the transportation company's stock worth $3,633,000 after buying an additional 41,900 shares during the period. Duff & Phelps Investment Management Co. acquired a new stake in Grupo Aeroportuario del Centro Norte during the 2nd quarter worth approximately $2,300,000. Finally, Marshall Wace LLP boosted its position in Grupo Aeroportuario del Centro Norte by 78.1% in the 2nd quarter. Marshall Wace LLP now owns 69,809 shares of the transportation company's stock valued at $4,723,000 after buying an additional 30,604 shares during the period. Hedge funds and other institutional investors own 9.53% of the company's stock.

Grupo Aeroportuario del Centro Norte Company Profile

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.