Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its position in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) by 34.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,719 shares of the transportation company’s stock after selling 4,571 shares during the quarter. JPMorgan Chase & Co.’s holdings in Grupo Aeroportuario del Centro Norte were worth $598,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Fisher Funds Management LTD acquired a new position in Grupo Aeroportuario del Centro Norte in the 4th quarter valued at about $33,617,000. abrdn plc boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 1.4% in the fourth quarter. abrdn plc now owns 170,233 shares of the transportation company’s stock valued at $11,723,000 after purchasing an additional 2,279 shares during the period. American Century Companies Inc. grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 6.0% in the fourth quarter. American Century Companies Inc. now owns 90,203 shares of the transportation company’s stock valued at $6,192,000 after purchasing an additional 5,127 shares in the last quarter. Maryland State Retirement & Pension System increased its stake in Grupo Aeroportuario del Centro Norte by 5.8% during the 4th quarter. Maryland State Retirement & Pension System now owns 45,333 shares of the transportation company’s stock worth $3,112,000 after buying an additional 2,480 shares during the period. Finally, ABS Direct Equity Fund LLC lifted its holdings in Grupo Aeroportuario del Centro Norte by 165.0% during the 4th quarter. ABS Direct Equity Fund LLC now owns 36,700 shares of the transportation company’s stock worth $2,519,000 after buying an additional 22,850 shares in the last quarter. Hedge funds and other institutional investors own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of Grupo Aeroportuario del Centro Norte stock opened at $88.97 on Thursday. The business has a 50-day simple moving average of $79.63 and a 200-day simple moving average of $74.35. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.08. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a one year low of $59.08 and a one year high of $92.39. The company has a market cap of $3.79 billion, a PE ratio of 15.69 and a beta of 0.88.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.30 EPS for the quarter, topping the consensus estimate 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 company had revenue of $174.65 million during the quarter, compared to analysts’ expectations of $3.58 billion. On average, equities research analysts forecast that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group boosted their price target on shares of Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $82.50.

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.