Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Sees Large Growth in Short Interest

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 224,500 shares, an increase of 23.5% from the February 28th total of 181,800 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 68,100 shares, the short-interest ratio is presently 3.3 days.

Grupo Aeroportuario del Centro Norte Trading Down 0.7 %

Shares of NASDAQ:OMAB opened at $79.84 on Thursday. Grupo Aeroportuario del Centro Norte has a 1 year low of $59.08 and a 1 year high of $90.53. The firm has a fifty day moving average price of $78.49 and a 200 day moving average price of $72.57. 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 has a market capitalization of $3.40 billion, a PE ratio of 14.08 and a beta of 1.25.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its stake in Grupo Aeroportuario del Centro Norte by 3,581.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 394 shares during the period. Venturi Wealth Management LLC increased its holdings in Grupo Aeroportuario del Centro Norte by 94.3% during the 4th quarter. Venturi Wealth Management LLC now owns 575 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 279 shares in the last quarter. Fifth Third Bancorp bought a new position in Grupo Aeroportuario del Centro Norte in the 4th quarter valued at $48,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Grupo Aeroportuario del Centro Norte by 41.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company’s stock worth $48,000 after purchasing an additional 200 shares in the last quarter. Finally, Barclays PLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the third quarter worth $72,000. Institutional investors and hedge funds own 9.53% of the company’s stock.

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.