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

JPMorgan Chase & Co. lifted its holdings in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) by 253.7% in the third quarter, HoldingsChannel reports. The firm owned 21,973 shares of the transportation company’s stock after buying an additional 15,761 shares during the quarter. JPMorgan Chase & Co.’s holdings in Grupo Aeroportuario del Centro Norte were worth $2,282,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Triumph Capital Management acquired a new position in shares of Grupo Aeroportuario del Centro Norte in the third quarter valued at approximately $30,000. EverSource Wealth Advisors LLC grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 288.3% in the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 271 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Grupo Aeroportuario del Centro Norte in the third quarter valued at approximately $42,000. Blue Trust Inc. grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 34.5% in the third quarter. Blue Trust Inc. now owns 491 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 126 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Grupo Aeroportuario del Centro Norte in the second quarter valued at approximately $56,000. Institutional investors and hedge funds own 9.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on OMAB. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, January 9th. Wall Street Zen downgraded shares of Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 14th. Finally, Zacks Research downgraded shares of Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Grupo Aeroportuario del Centro Norte presently has an average rating of “Hold” and an average target price of $106.00.

Grupo Aeroportuario del Centro Norte Stock Down 1.7%

Shares of NASDAQ:OMAB opened at $114.76 on Tuesday. The company has a market capitalization 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 company has a current ratio of 1.32, a quick ratio of 1.14 and a debt-to-equity ratio of 1.04. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a twelve month low of $70.24 and a twelve month high of $134.99. The firm has a 50 day simple moving average of $118.44 and a 200-day simple moving average of $110.37.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last issued its quarterly earnings data on Saturday, February 14th. The transportation company reported $1.40 earnings per share for the quarter. The business 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%. On average, equities 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. (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.