Grupo Aeroportuario del Centro Norte S.A.B. de C.V. $OMAB Shares Purchased by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. increased its stake in Grupo Aeroportuario del Centro Norte by 253.7% in Q3, buying 15,761 additional shares and holding 21,973 shares valued at about $2.28 million (≈0.05% of the company).
• Other institutional activity included Millennium Management boosting its position by 125% to 40,496 shares and new/larger stakes from Voleon, Militia and others, with institutional investors/hedge funds owning roughly 9.53% of OMAB.
• OMA has a market cap of $4.88 billion and a P/E of ~19.6; analysts’ consensus is a Hold rating with a $106 price target (52‑week range: $70.24–$134.99).

JPMorgan Chase & Co. increased its position in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 253.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,973 shares of the transportation company's stock after purchasing an additional 15,761 shares during the period. JPMorgan Chase & Co. owned 0.05% of Grupo Aeroportuario del Centro Norte worth $2,282,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Triumph Capital Management acquired a new stake in Grupo Aeroportuario del Centro Norte during the third quarter worth about $30,000. CANADA LIFE ASSURANCE Co increased its position in shares of Grupo Aeroportuario del Centro Norte by 3.5% during the third quarter. CANADA LIFE ASSURANCE Co now owns 27,010 shares of the transportation company's stock valued at $2,777,000 after acquiring an additional 911 shares during the last quarter. Voleon Capital Management LP acquired a new stake in shares of Grupo Aeroportuario del Centro Norte during the third quarter valued at about $3,757,000. Militia Capital Partners LP increased its position in shares of Grupo Aeroportuario del Centro Norte by 6.1% during the third quarter. Militia Capital Partners LP now owns 83,046 shares of the transportation company's stock valued at $8,626,000 after acquiring an additional 4,794 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of Grupo Aeroportuario del Centro Norte by 125.0% during the third quarter. Millennium Management LLC now owns 40,496 shares of the transportation company's stock valued at $4,206,000 after acquiring an additional 22,497 shares during the last quarter. 9.53% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Centro Norte Price Performance

Shares of OMAB opened at $114.76 on Tuesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.32 and a quick ratio of 1.14. The stock has a market cap of $4.88 billion, a PE ratio of 19.55, a P/E/G ratio of 1.45 and a beta of 0.75. The firm has a 50-day simple moving average of $118.44 and a two-hundred day simple moving average of $110.37. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 1-year low of $70.24 and a 1-year high of $134.99.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last announced its quarterly earnings data on Saturday, February 14th. The transportation company reported $1.40 earnings per share for the quarter. The firm had revenue of $228.23 million during the quarter. Grupo Aeroportuario del Centro Norte had a net margin of 33.46% and a return on equity of 52.24%. As a group, analysts forecast that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 5.53 EPS for the current year.

Wall Street Analysts Forecast Growth

OMAB has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Friday, January 9th. Wall Street Zen cut shares of Grupo Aeroportuario del Centro Norte from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 14th. Finally, Zacks Research cut shares of Grupo Aeroportuario del Centro Norte from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 25th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Grupo Aeroportuario del Centro Norte has an average rating of "Hold" and a consensus price target of $106.00.

Grupo Aeroportuario del Centro Norte Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V. (OMAB) is a Mexican airport operator that develops, manages and operates airports under long‐term concessions granted by the Federal Government of Mexico. The company's core business covers all aspects of airport operations, including passenger processing, airfield services, security, ground handling, cargo handling and commercial activities such as retail, food and beverage, and parking.

OMA currently holds concession contracts for 13 airports in central and northern Mexico, serving key markets such as Monterrey, Ciudad Juárez, Culiacán, Hermosillo and Torreón.

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