Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “OMA operates and manages 13 international airports in the north and central regions of Mexico. OMA’s airports serve Monterrey, México’s third largest metropolitan area, the tourist destinations of Acapulco, Mazatlan, and Zihuatanejo, and nine other regional centers and border cities. OMA’s airports fulfill international safety norms and have received environmental compliance certificates. Their corporate name is Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., and they serve their passengers, their airlines, and their business partners under the commercial name OMA. “

Several other research firms have also recently commented on OMAB. JPMorgan Chase & Co. cut Grupo Aeroportuario del Centro Nort from an “overweight” rating to a “neutral” rating in a research note on Friday, May 12th. Bank of America Corp raised Grupo Aeroportuario del Centro Nort from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 16th. Finally, Citigroup Inc raised Grupo Aeroportuario del Centro Nort from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 24th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $73.67.

Analyst Recommendations for Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB)

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) traded up 1.50% during midday trading on Wednesday, reaching $44.60. The company’s stock had a trading volume of 62,214 shares. The stock’s 50-day moving average price is $43.98 and its 200 day moving average price is $39.09. Grupo Aeroportuario del Centro Nort has a 1-year low of $30.05 and a 1-year high of $53.58. The firm has a market capitalization of $2.20 billion, a PE ratio of 21.95 and a beta of 0.98.

The company also recently announced an annual dividend, which was paid on Tuesday, May 23rd. Investors of record on Monday, May 15th were given a $1.467 dividend. The ex-dividend date of this dividend was Thursday, May 11th. This represents a dividend yield of 15.04%. Grupo Aeroportuario del Centro Nort’s dividend payout ratio (DPR) is presently 77.13%.

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Several hedge funds have recently made changes to their positions in OMAB. Wells Fargo & Company MN boosted its stake in shares of Grupo Aeroportuario del Centro Nort by 109,250.0% in the third quarter. Wells Fargo & Company MN now owns 2,187 shares of the transportation company’s stock worth $103,000 after buying an additional 2,185 shares during the period. Tower Research Capital LLC TRC purchased a new stake in shares of Grupo Aeroportuario del Centro Nort during the first quarter worth about $168,000. Stevens Capital Management LP purchased a new stake in shares of Grupo Aeroportuario del Centro Nort during the first quarter worth about $218,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Grupo Aeroportuario del Centro Nort during the fourth quarter worth about $203,000. Finally, Opus Capital Group LLC purchased a new stake in shares of Grupo Aeroportuario del Centro Nort during the first quarter worth about $307,000. 10.80% of the stock is owned by hedge funds and other institutional investors.

About Grupo Aeroportuario del Centro Nort

Grupo Aeroportuario del Centro Norte, SAB. de C.V. is a holding company. The Company, through its subsidiaries, holds concessions to operate, maintain and develop over 10 airports in Mexico. The Company’s segments include Metropolitan, Tourist, Regional, Border, Hotel and Other. The Company also engages in various commercial and diversification activities conducted at its airports, such as the leasing of space to restaurants and retailers, the operation of parking facilities, and the operation of the NH Terminal 2 Hotel and the Hilton Garden Inn Hotel at the Monterrey airport.

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