JPMorgan Chase & Co. Sells 2,759 Shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

JPMorgan Chase & Co. lessened its stake in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) by 17.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,290 shares of the transportation company’s stock after selling 2,759 shares during the quarter. JPMorgan Chase & Co.’s holdings in Grupo Aeroportuario del Centro Norte were worth $901,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Personalized Indexing Management LLC raised its position in Grupo Aeroportuario del Centro Norte by 10.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,659 shares of the transportation company’s stock worth $312,000 after purchasing an additional 435 shares during the last quarter. Sei Investments Co. grew its position in shares of Grupo Aeroportuario del Centro Norte by 10.1% during the 2nd quarter. Sei Investments Co. now owns 19,792 shares of the transportation company’s stock worth $1,339,000 after buying an additional 1,821 shares during the period. Marshall Wace LLP raised its stake in shares of Grupo Aeroportuario del Centro Norte by 78.1% during the second quarter. Marshall Wace LLP now owns 69,809 shares of the transportation company’s stock worth $4,723,000 after buying an additional 30,604 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in Grupo Aeroportuario del Centro Norte by 10.6% in the second quarter. Mackenzie Financial Corp now owns 62,185 shares of the transportation company’s stock valued at $4,207,000 after buying an additional 5,949 shares during the period. Finally, Duff & Phelps Investment Management Co. bought a new position in Grupo Aeroportuario del Centro Norte in the second quarter valued at approximately $2,300,000. Institutional investors own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Stock Up 1.5 %

Shares of OMAB stock opened at $79.94 on Friday. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a 52-week low of $59.08 and a 52-week high of $90.53. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 14.10 and a beta of 1.27. The firm’s 50-day moving average is $70.95 and its 200-day moving average is $68.58. 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 Dividend Announcement

The business also recently disclosed a Thrice Yearly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 19th were given a dividend of $1.921 per share. The ex-dividend date was Tuesday, November 19th. This represents a yield of 6.5%. Grupo Aeroportuario del Centro Norte’s dividend payout ratio (DPR) is 99.12%.

Analyst Ratings Changes

Separately, Bank of America downgraded Grupo Aeroportuario del Centro Norte from a “buy” rating to an “underperform” rating and set a $71.50 price objective for the company. in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $80.83.

Grupo Aeroportuario del Centro Norte 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.