Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Cut to Hold at Wall Street Zen

Key Points

• Grupo Aeroportuario del Centro Norte has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, with its current average rating being "hold".
• The stock has experienced a slight decrease of 0.2%, trading at $104.57 with a market cap of $4.45 billion.
• Institutional investors have recently increased their stakes in the company, with notable purchases from Kingstone Capital Partners and AQR Capital Management.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Friday.

OMAB has been the subject of several other research reports. Citigroup reiterated a "hold" rating on shares of Grupo Aeroportuario del Centro Norte in a report on Wednesday, September 10th. Zacks Research downgraded shares of Grupo Aeroportuario del Centro Norte from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $92.17.

Grupo Aeroportuario del Centro Norte Trading Down 0.2%

Grupo Aeroportuario del Centro Norte stock traded down $0.22 during trading on Friday, hitting $104.57. The company had a trading volume of 113,064 shares, compared to its average volume of 92,242. Grupo Aeroportuario del Centro Norte has a 1-year low of $62.06 and a 1-year high of $116.25. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.35. The company's 50 day simple moving average is $106.22 and its 200-day simple moving average is $98.11. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 2.52 and a beta of 0.93.

Institutional Trading of Grupo Aeroportuario del Centro Norte

A number of institutional investors have recently bought and sold shares of OMAB. Kingstone Capital Partners Texas LLC purchased a new stake in Grupo Aeroportuario del Centro Norte during the 2nd quarter worth about $105,360,000. Empowered Funds LLC purchased a new stake in shares of Grupo Aeroportuario del Centro Norte in the second quarter valued at about $5,269,000. AQR Capital Management LLC raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 63.4% in the second quarter. AQR Capital Management LLC now owns 102,050 shares of the transportation company's stock valued at $10,766,000 after buying an additional 39,581 shares during the last quarter. Militia Capital Partners LP raised its holdings in Grupo Aeroportuario del Centro Norte by 60.8% during the second quarter. Militia Capital Partners LP now owns 78,252 shares of the transportation company's stock worth $8,256,000 after purchasing an additional 29,600 shares in the last quarter. Finally, Empirical Finance LLC purchased a new position in Grupo Aeroportuario del Centro Norte during the first quarter worth about $2,258,000. 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.

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