JPMorgan Chase & Co. Has $598,000 Position in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

JPMorgan Chase & Co. decreased its stake in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 34.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Venturi Wealth Management LLC boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 94.3% in the 4th quarter. Venturi Wealth Management LLC now owns 575 shares of the transportation company's stock valued at $39,000 after purchasing an additional 279 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Grupo Aeroportuario del Centro Norte by 41.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company's stock valued at $48,000 after purchasing an additional 200 shares during the last quarter. Fifth Third Bancorp acquired a new position in Grupo Aeroportuario del Centro Norte in the fourth quarter valued at about $48,000. Barclays PLC acquired a new position in Grupo Aeroportuario del Centro Norte in the third quarter valued at about $72,000. Finally, SG Americas Securities LLC bought a new stake in Grupo Aeroportuario del Centro Norte during the fourth quarter worth about $116,000. 9.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group boosted their target price on Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $82.50.

Grupo Aeroportuario del Centro Norte Price Performance

OMAB traded up $2.89 during midday trading on Tuesday, hitting $90.77. The company had a trading volume of 176,347 shares, compared to its average volume of 70,435. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a twelve month low of $59.08 and a twelve month high of $92.39. The firm's 50-day simple moving average is $80.60 and its 200-day simple moving average is $74.94. The company has a market capitalization of $3.86 billion, a PE ratio of 16.01 and a beta of 0.90. 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 (NASDAQ:OMAB - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.02. The firm had revenue of $174.65 million during the quarter, compared to analysts' expectations of $3.58 billion. Grupo Aeroportuario del Centro Norte had a net margin of 35.31% and a return on equity of 51.74%. Equities research analysts predict that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.53 EPS for the current fiscal year.

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.