Grupo Aeroportuario del Centro Nort (OMAB) Upgraded to “Buy” at UBS Group

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) was upgraded by UBS Group from a “neutral” rating to a “buy” rating in a research note issued on Wednesday, The Fly reports.

Other equities analysts also recently issued research reports about the stock. BidaskClub upgraded shares of Grupo Aeroportuario del Centro Nort from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. HSBC upgraded shares of Grupo Aeroportuario del Centro Nort from a “hold” rating to a “buy” rating in a research report on Wednesday, November 29th. Finally, Zacks Investment Research downgraded shares of Grupo Aeroportuario del Centro Nort from a “hold” rating to a “sell” rating in a research report on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $50.70.

Shares of Grupo Aeroportuario del Centro Nort (NASDAQ OMAB) traded up $0.99 during trading on Wednesday, reaching $41.06. 61,375 shares of the company’s stock were exchanged, compared to its average volume of 90,916. The stock has a market cap of $1,932.81, a P/E ratio of 18.34, a P/E/G ratio of 5.90 and a beta of 0.74. The company has a debt-to-equity ratio of 0.69, a quick ratio of 3.14 and a current ratio of 3.14. Grupo Aeroportuario del Centro Nort has a 52 week low of $34.49 and a 52 week high of $52.51.

A number of institutional investors have recently made changes to their positions in the business. Boston Partners purchased a new position in Grupo Aeroportuario del Centro Nort during the 4th quarter worth $3,408,000. Naples Global Advisors LLC increased its holdings in shares of Grupo Aeroportuario del Centro Nort by 13.5% in the 4th quarter. Naples Global Advisors LLC now owns 10,525 shares of the transportation company’s stock valued at $437,000 after purchasing an additional 1,250 shares in the last quarter. U S Global Investors Inc. purchased a new position in shares of Grupo Aeroportuario del Centro Nort in the 3rd quarter valued at about $1,162,000. OxFORD Asset Management LLP increased its holdings in shares of Grupo Aeroportuario del Centro Nort by 7.5% in the 3rd quarter. OxFORD Asset Management LLP now owns 62,225 shares of the transportation company’s stock valued at $2,788,000 after purchasing an additional 4,345 shares in the last quarter. Finally, Investec Asset Management LTD increased its holdings in shares of Grupo Aeroportuario del Centro Nort by 438.0% in the 3rd quarter. Investec Asset Management LTD now owns 46,270 shares of the transportation company’s stock valued at $2,054,000 after purchasing an additional 37,670 shares in the last quarter. Institutional investors own 11.58% of the company’s stock.

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Grupo Aeroportuario del Centro Nort Company Profile

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.

The Fly

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