Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Share Price Passes Above 200-Day Moving Average – Here’s Why

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $71.38 and traded as high as $82.43. Grupo Aeroportuario del Centro Norte shares last traded at $82.04, with a volume of 44,282 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised 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 report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Grupo Aeroportuario del Centro Norte presently has an average rating of “Hold” and an average target price of $82.50.

Grupo Aeroportuario del Centro Norte Stock Up 0.2 %

The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 14.31 and a beta of 1.25. 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 business’s 50 day moving average is $77.39 and its 200 day moving average is $71.50.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its position in Grupo Aeroportuario del Centro Norte by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 5,140 shares of the transportation company’s stock worth $353,000 after acquiring an additional 126 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of 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 valued at $48,000 after purchasing an additional 200 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 94.3% during the fourth quarter. Venturi Wealth Management LLC now owns 575 shares of the transportation company’s stock worth $39,000 after purchasing an additional 279 shares during the period. US Bancorp DE boosted its position in 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 valued at $34,000 after buying an additional 299 shares during the last quarter. Finally, Sanders Morris Harris LLC boosted its position in Grupo Aeroportuario del Centro Norte by 8.8% in the fourth quarter. Sanders Morris Harris LLC now owns 3,700 shares of the transportation company’s stock valued at $257,000 after buying an additional 300 shares during the last quarter. 9.53% of the stock is 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.