Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $72.31 and traded as high as $79.80. Grupo Aeroportuario del Centro Norte shares last traded at $78.47, with a volume of 78,737 shares traded.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group boosted their price objective on Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $82.50.

Grupo Aeroportuario del Centro Norte Stock Down 1.0 %

The firm’s 50-day moving average is $78.37 and its two-hundred day moving average is $72.31. 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 has a market cap of $3.34 billion, a P/E ratio of 13.84 and a beta of 1.25.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Several large investors have recently made changes to their positions in OMAB. ABS Direct Equity Fund LLC grew its position in shares of Grupo Aeroportuario del Centro Norte by 165.0% during the 4th quarter. ABS Direct Equity Fund LLC now owns 36,700 shares of the transportation company’s stock worth $2,519,000 after buying an additional 22,850 shares during the period. Walleye Capital LLC acquired a new position in Grupo Aeroportuario del Centro Norte in the third quarter valued at about $822,000. State Street Corp grew its position in shares of Grupo Aeroportuario del Centro Norte by 6.6% during the 3rd quarter. State Street Corp now owns 316,425 shares of the transportation company’s stock worth $21,460,000 after buying an additional 19,683 shares during the period. Barclays PLC acquired a new stake in shares of Grupo Aeroportuario del Centro Norte in the 3rd quarter valued at approximately $72,000. Finally, Centiva Capital LP boosted its stake in Grupo Aeroportuario del Centro Norte by 30.1% during the 3rd quarter. Centiva Capital LP now owns 5,839 shares of the transportation company’s stock worth $396,000 after acquiring an additional 1,351 shares during the last quarter. Institutional investors and hedge funds 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.