Grupo Aeroportuario del Centro Nort (OMAB) Upgraded at UBS Group

UBS Group upgraded shares of Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) from a neutral rating to a buy rating in a research note issued to investors on Wednesday morning, The Fly reports.

OMAB has been the topic of a number of other research reports. Zacks Investment Research lowered Grupo Aeroportuario del Centro Nort from a buy rating to a hold rating in a report on Saturday, October 21st. BidaskClub raised Grupo Aeroportuario del Centro Nort from a sell rating to a hold rating in a report on Thursday, January 4th. Finally, HSBC raised Grupo Aeroportuario del Centro Nort from a hold rating to a buy rating in a report on Wednesday, November 29th. 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 company’s stock. The company has an average rating of Hold and an average target price of $50.70.

Shares of Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) opened at $40.84 on Wednesday. The stock has a market capitalization of $1,970.68, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 6.02 and a beta of 0.74. The company has a quick ratio of 3.14, a current ratio of 3.14 and a debt-to-equity ratio of 0.69. Grupo Aeroportuario del Centro Nort has a fifty-two week low of $34.49 and a fifty-two week high of $52.51.

Several large investors have recently made changes to their positions in OMAB. Ameriprise Financial Inc. acquired a new stake in shares of Grupo Aeroportuario del Centro Nort during the 2nd quarter worth approximately $280,000. Northern Trust Corp acquired a new stake in shares of Grupo Aeroportuario del Centro Nort during the 2nd quarter worth approximately $1,310,000. Advisor Group Inc. grew its holdings in shares of Grupo Aeroportuario del Centro Nort by 123.3% during the 2nd quarter. Advisor Group Inc. now owns 4,820 shares of the transportation company’s stock worth $232,000 after purchasing an additional 2,661 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Grupo Aeroportuario del Centro Nort by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,847 shares of the transportation company’s stock worth $280,000 after purchasing an additional 62 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Grupo Aeroportuario del Centro Nort by 76.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 41,464 shares of the transportation company’s stock worth $1,998,000 after purchasing an additional 17,915 shares in the last quarter. 11.58% of the stock is currently owned by institutional investors.

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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.

The Fly

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