Corporación América Airports (NYSE:CAAP) Sets New 1-Year High – Should You Buy?

Corporación América Airports S.A. (NYSE:CAAP)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $19.49 and last traded at $19.49, with a volume of 390 shares traded. The stock had previously closed at $19.10.

Corporación América Airports Price Performance

The company has a current ratio of 1.32, a quick ratio of 1.30 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $3.11 billion, a P/E ratio of 8.09 and a beta of 2.06. The firm has a fifty day moving average of $17.32 and a 200 day moving average of $17.06.

Corporación América Airports (NYSE:CAAP) last posted its earnings results on Wednesday, August 21st. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The business had revenue of $416.20 million during the quarter. Corporación América Airports had a net margin of 22.57% and a return on equity of 33.87%. During the same period in the previous year, the business posted $0.43 earnings per share. On average, equities research analysts anticipate that Corporación América Airports S.A. will post 1.02 EPS for the current year.

Institutional Trading of Corporación América Airports

Large investors have recently modified their holdings of the company. Helikon Investments Ltd boosted its position in Corporación América Airports by 10.1% during the third quarter. Helikon Investments Ltd now owns 8,131,794 shares of the company’s stock valued at $141,981,000 after purchasing an additional 746,084 shares in the last quarter. Fourth Sail Capital LP grew its position in shares of Corporación América Airports by 1,779.7% in the 2nd quarter. Fourth Sail Capital LP now owns 1,314,525 shares of the company’s stock worth $21,874,000 after buying an additional 1,244,592 shares during the last quarter. abrdn plc raised its stake in shares of Corporación América Airports by 3.5% during the 3rd quarter. abrdn plc now owns 336,900 shares of the company’s stock worth $5,882,000 after acquiring an additional 11,261 shares in the last quarter. Stokes Family Office LLC grew its holdings in Corporación América Airports by 1.5% in the first quarter. Stokes Family Office LLC now owns 293,272 shares of the company’s stock worth $4,927,000 after purchasing an additional 4,320 shares during the last quarter. Finally, LMG Wealth Partners LLC increased its position in shares of Corporación América Airports by 5.5% during the second quarter. LMG Wealth Partners LLC now owns 83,559 shares of the company’s stock worth $1,390,000 after purchasing an additional 4,359 shares in the last quarter. Hedge funds and other 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.