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

JPMorgan Chase & Co. trimmed its holdings in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 34.4% in the fourth quarter, according to its most recent disclosure with the Securities & 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 SEC filing.

Several other hedge funds also recently added to or reduced their stakes in OMAB. Venturi Wealth Management LLC raised its stake in Grupo Aeroportuario del Centro Norte by 94.3% during the 4th quarter. Venturi Wealth Management LLC now owns 575 shares of the transportation company's stock worth $39,000 after acquiring an additional 279 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 41.2% in 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 stake in shares of Grupo Aeroportuario del Centro Norte in the 4th quarter valued at about $48,000. Barclays PLC purchased a new position in Grupo Aeroportuario del Centro Norte during the 3rd quarter worth approximately $72,000. Finally, SG Americas Securities LLC acquired a new position in Grupo Aeroportuario del Centro Norte during the fourth quarter worth approximately $116,000. 9.53% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Centro Norte Stock Performance

OMAB traded down $0.07 during trading on Friday, hitting $88.42. The stock had a trading volume of 64,027 shares, compared to its average volume of 69,682. The firm has a market capitalization of $3.76 billion, a P/E ratio of 15.59 and a beta of 0.88. The company's 50-day moving average price is $80.05 and its 200 day moving average price is $74.66. 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 twelve month low of $59.08 and a twelve month high of $92.39.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.02. Grupo Aeroportuario del Centro Norte had a return on equity of 51.74% and a net margin of 35.31%. The company had revenue of $174.65 million for the quarter, compared to analyst estimates 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.

Analyst Ratings Changes

Separately, Jefferies Financial Group lifted their target price on shares of Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. One 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. According to data from MarketBeat, Grupo Aeroportuario del Centro Norte presently has a consensus rating of "Hold" and a consensus target price of $82.50.

Grupo Aeroportuario del Centro Norte Company Profile

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.