Short Interest in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Decreases By 22.7%

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totalling 123,500 shares, a drop of 22.7% from the November 30th total of 159,700 shares. Based on an average daily volume of 81,900 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.3% of the company's shares are short sold.

Grupo Aeroportuario del Centro Norte Stock Down 3.1 %

NASDAQ OMAB traded down $2.19 during trading on Friday, reaching $69.58. 41,886 shares of the company's stock were exchanged, compared to its average volume of 63,640. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. Grupo Aeroportuario del Centro Norte has a fifty-two week low of $59.08 and a fifty-two week high of $90.53. The company's fifty day simple moving average is $67.91 and its 200-day simple moving average is $67.82. The firm has a market capitalization of $2.96 billion, a PE ratio of 12.27, a P/E/G ratio of 4.39 and a beta of 1.30.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The business also recently declared a Thrice Yearly dividend, which was paid on Wednesday, November 27th. Investors 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 of this dividend was Tuesday, November 19th. Grupo Aeroportuario del Centro Norte's dividend payout ratio is currently 98.94%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Maryland State Retirement & Pension System grew its stake in Grupo Aeroportuario del Centro Norte by 1.1% in the second quarter. Maryland State Retirement & Pension System now owns 41,892 shares of the transportation company's stock valued at $2,834,000 after purchasing an additional 447 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of Grupo Aeroportuario del Centro Norte during the 2nd quarter valued at about $357,000. Malaga Cove Capital LLC grew its stake in shares of Grupo Aeroportuario del Centro Norte by 15.0% in the 2nd quarter. Malaga Cove Capital LLC now owns 17,211 shares of the transportation company's stock valued at $1,164,000 after buying an additional 2,247 shares in the last quarter. American Century Companies Inc. increased its holdings in Grupo Aeroportuario del Centro Norte by 6.1% in the second quarter. American Century Companies Inc. now owns 72,083 shares of the transportation company's stock worth $4,876,000 after buying an additional 4,149 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in Grupo Aeroportuario del Centro Norte by 10.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,659 shares of the transportation company's stock valued at $312,000 after acquiring an additional 435 shares in the last quarter. 9.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on OMAB shares. Bank of America downgraded Grupo Aeroportuario del Centro Norte from a "buy" rating to an "underperform" rating and set a $71.50 price objective on the stock. in a report on Friday, November 15th. Morgan Stanley upgraded shares of Grupo Aeroportuario del Centro Norte from an "equal weight" rating to an "overweight" rating and cut their price target for the company from $82.00 to $77.00 in a report on Friday, September 6th. Finally, Scotiabank raised shares of Grupo Aeroportuario del Centro Norte from a "sector underperform" rating to a "sector perform" rating in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $80.83.

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.