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 - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 224,500 shares, a growth of 23.5% from the February 28th total of 181,800 shares. Based on an average daily trading volume, of 68,100 shares, the short-interest ratio is presently 3.3 days. Approximately 0.5% of the shares of the company are short sold.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Several institutional investors have recently bought and sold shares of the company. Walleye Capital LLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the third quarter valued at $822,000. Centiva Capital LP raised its stake in Grupo Aeroportuario del Centro Norte by 30.1% in the 3rd quarter. Centiva Capital LP now owns 5,839 shares of the transportation company's stock valued at $396,000 after acquiring an additional 1,351 shares during the period. State Street Corp lifted its holdings in Grupo Aeroportuario del Centro Norte by 6.6% during the third quarter. State Street Corp now owns 316,425 shares of the transportation company's stock valued at $21,460,000 after purchasing an additional 19,683 shares during the last quarter. National Bank of Canada FI boosted its position in Grupo Aeroportuario del Centro Norte by 130,579.6% during the third 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. Finally, XTX Topco Ltd purchased a new position in shares of Grupo Aeroportuario del Centro Norte in the third quarter worth about $281,000. Hedge funds and other institutional investors own 9.53% of the company's stock.

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Grupo Aeroportuario del Centro Norte Stock Performance

NASDAQ OMAB traded down $4.38 during trading hours on Friday, reaching $76.79. 104,315 shares of the company were exchanged, compared to its average volume of 67,024. The stock has a market capitalization of $3.27 billion, a P/E ratio of 13.54 and a beta of 0.88. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.16. Grupo Aeroportuario del Centro Norte has a 1 year low of $59.08 and a 1 year high of $90.53. The business's 50 day simple moving average is $78.47 and its 200-day simple moving average is $72.66.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upped their target price on Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $82.50.

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.