Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Shares Down 4.2% - Should You Sell?

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report) fell 4.2% during trading on Monday . The company traded as low as $87.14 and last traded at $86.33. 11,232 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 71,645 shares. The stock had previously closed at $90.13.

Analyst Ratings Changes

Separately, Jefferies Financial Group upped their price objective on shares of 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 equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Grupo Aeroportuario del Centro Norte has a consensus rating of "Hold" and an average price target of $82.50.

Grupo Aeroportuario del Centro Norte Trading Down 0.1 %

The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.16. The company's 50-day moving average is $80.05 and its 200-day moving average is $74.62. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 15.59 and a beta of 0.88.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.28 by $0.02. Grupo Aeroportuario del Centro Norte had a net margin of 35.31% and a return on equity of 51.74%. The business had revenue of $174.65 million during the quarter, compared to the consensus estimate of $3.58 billion. Research analysts anticipate that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.53 earnings per share for the current fiscal year.

Institutional Trading of Grupo Aeroportuario del Centro Norte

A number of hedge funds and other institutional investors have recently modified their holdings of OMAB. ABS Direct Equity Fund LLC increased its position in shares of Grupo Aeroportuario del Centro Norte by 165.0% during the fourth quarter. ABS Direct Equity Fund LLC now owns 36,700 shares of the transportation company's stock valued at $2,519,000 after acquiring an additional 22,850 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Grupo Aeroportuario del Centro Norte by 30.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 173,672 shares of the transportation company's stock valued at $11,921,000 after purchasing an additional 40,878 shares during the last quarter. Barclays PLC purchased a new stake in Grupo Aeroportuario del Centro Norte in the third quarter valued at approximately $72,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Grupo Aeroportuario del Centro Norte by 41.2% during 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, SG Americas Securities LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter worth $116,000. 9.53% of the stock is owned by institutional investors and hedge funds.

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.