Grupo Aeroportuario del Centro Norte's (OMAB) "Hold (C)" Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings has reiterated a "Hold (C)" rating for Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB), amid mixed ratings from other analysts.
• The stock is currently trading at $102.72 with an average target price of $92.17, reflecting a consensus rating of "Hold" across seven analysts.
• Recent institutional activity includes acquisitions by multiple firms, with approximately 9.53% of the stock held by institutional investors and hedge funds.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities research analysts at Weiss Ratings in a research note issued on Tuesday,Weiss Ratings reports.

Several other equities research analysts have also commented on OMAB. Wall Street Zen raised Grupo Aeroportuario del Centro Norte from a "hold" rating to a "buy" rating in a research note on Saturday. Zacks Research lowered Grupo Aeroportuario del Centro Norte from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Finally, Citigroup reissued a "hold" rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Wednesday, September 10th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $92.17.

Grupo Aeroportuario del Centro Norte Price Performance

Shares of NASDAQ:OMAB traded down $0.52 during trading on Tuesday, hitting $102.72. 36,203 shares of the stock were exchanged, compared to its average volume of 77,357. The company has a fifty day moving average price of $105.42 and a two-hundred day moving average price of $100.14. The company has a market cap of $4.37 billion, a PE ratio of 19.02, a P/E/G ratio of 2.53 and a beta of 0.94. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.35. Grupo Aeroportuario del Centro Norte has a 12-month low of $62.06 and a 12-month high of $116.25.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Corient Private Wealth LLC acquired a new position in Grupo Aeroportuario del Centro Norte in the 2nd quarter valued at $242,000. Vident Advisory LLC raised its holdings in Grupo Aeroportuario del Centro Norte by 11.2% in the 2nd quarter. Vident Advisory LLC now owns 12,195 shares of the transportation company's stock valued at $1,287,000 after acquiring an additional 1,231 shares during the last quarter. Militia Capital Partners LP raised its holdings in Grupo Aeroportuario del Centro Norte by 60.8% in the 2nd quarter. Militia Capital Partners LP now owns 78,252 shares of the transportation company's stock valued at $8,256,000 after acquiring an additional 29,600 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Grupo Aeroportuario del Centro Norte by 36.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 52,621 shares of the transportation company's stock valued at $5,552,000 after acquiring an additional 14,149 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in Grupo Aeroportuario del Centro Norte by 17.0% in the 2nd quarter. Bank of America Corp DE now owns 18,227 shares of the transportation company's stock valued at $1,923,000 after acquiring an additional 2,654 shares during the last quarter. 9.53% of the stock is currently owned by institutional investors and hedge funds.

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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