Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Shares Gap Down - What's Next?

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $65.85, but opened at $63.13. Grupo Aeroportuario del Centro Norte shares last traded at $64.77, with a volume of 6,665 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Morgan Stanley upgraded Grupo Aeroportuario del Centro Norte from an "equal weight" rating to an "overweight" rating and decreased their price objective for the stock from $82.00 to $77.00 in a report on Friday, September 6th. Bank of America cut shares of Grupo Aeroportuario del Centro Norte from a "buy" rating to an "underperform" rating and set a $71.50 price target for the company. in a research report on Friday. Finally, 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 research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Grupo Aeroportuario del Centro Norte presently has an average rating of "Hold" and an average price target of $80.83.

Grupo Aeroportuario del Centro Norte Trading Down 4.2 %

The company has a market cap of $2.68 billion, a P/E ratio of 11.13, a PEG ratio of 3.99 and a beta of 1.31. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. The stock's 50 day moving average is $68.08 and its 200-day moving average is $70.72.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The company also recently declared a Thrice Yearly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th will be given a dividend of $1.921 per share. This represents a dividend yield of 6.5%. The ex-dividend date is Tuesday, November 19th. Grupo Aeroportuario del Centro Norte's dividend payout ratio (DPR) is currently 101.59%.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Several institutional investors have recently added to or reduced their stakes in OMAB. Signaturefd LLC boosted its holdings in Grupo Aeroportuario del Centro Norte by 109.2% in the third quarter. Signaturefd LLC now owns 498 shares of the transportation company's stock worth $34,000 after purchasing an additional 260 shares during the last quarter. US Bancorp DE grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 143.8% in the third quarter. US Bancorp DE now owns 507 shares of the transportation company's stock worth $34,000 after acquiring an additional 299 shares during the period. Advisors Asset Management Inc. increased its position in Grupo Aeroportuario del Centro Norte by 8.9% during the first quarter. Advisors Asset Management Inc. now owns 4,146 shares of the transportation company's stock valued at $328,000 after acquiring an additional 340 shares during the last quarter. Meixler Investment Management Ltd. lifted its holdings in Grupo Aeroportuario del Centro Norte by 5.5% in the third quarter. Meixler Investment Management Ltd. now owns 7,649 shares of the transportation company's stock valued at $519,000 after acquiring an additional 402 shares during the period. Finally, Creative Planning boosted its position in Grupo Aeroportuario del Centro Norte by 10.5% in the second quarter. Creative Planning now owns 4,444 shares of the transportation company's stock worth $301,000 after purchasing an additional 423 shares during the last quarter. 9.53% of the stock is currently owned by hedge funds and other institutional investors.

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.