Corporación América Airports (NYSE:CAAP) Trading Up 4.2% – Here’s Why

Shares of Corporación América Airports S.A. (NYSE:CAAP) were up 4.2% on Tuesday . The stock traded as high as $19.27 and last traded at $19.18. Approximately 46,375 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 258,985 shares. The stock had previously closed at $18.40.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. started coverage on Corporación América Airports in a research note on Friday, March 14th. They set an “overweight” rating and a $22.50 price target for the company.

Corporación América Airports Trading Down 1.2 %

The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 1.29. The company’s 50 day moving average price is $18.85 and its 200 day moving average price is $18.65. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 8.71 and a beta of 1.97.

Corporación América Airports (NYSE:CAAP) last posted its earnings results on Wednesday, March 19th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.12). Corporación América Airports had a return on equity of 28.13% and a net margin of 20.78%. The business had revenue of $461.10 million for the quarter, compared to analyst estimates of $373.00 million. Research analysts anticipate that Corporación América Airports S.A. will post 0.95 EPS for the current year.

Institutional Investors Weigh In On Corporación América Airports

A number of large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its stake in shares of Corporación América Airports by 6.6% in the fourth quarter. Bank of America Corp DE now owns 13,437 shares of the company’s stock worth $251,000 after buying an additional 836 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Corporación América Airports by 125.4% in the 4th quarter. BNP Paribas Financial Markets now owns 3,102 shares of the company’s stock worth $58,000 after acquiring an additional 1,726 shares during the period. Metis Global Partners LLC lifted its position in Corporación América Airports by 14.8% during the 4th quarter. Metis Global Partners LLC now owns 16,024 shares of the company’s stock worth $299,000 after acquiring an additional 2,066 shares during the last quarter. Invst LLC boosted its holdings in Corporación América Airports by 8.1% during the fourth quarter. Invst LLC now owns 46,618 shares of the company’s stock valued at $870,000 after acquiring an additional 3,494 shares during the period. Finally, Stokes Family Office LLC grew its position in shares of Corporación América Airports by 1.8% in the fourth quarter. Stokes Family Office LLC now owns 279,535 shares of the company’s stock valued at $5,216,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors own 12.95% of the company’s stock.

About Corporación América Airports

Corporación América Airports SA, through its subsidiaries, acquires, develops, and operates airport concessions. It operates 52 airports in Latin America, Europe, and Eurasia. The company was formerly known as A.C.I. Airports International S.à r.l. and changed its name to Corporación América Airports SA in September 2017.