Corporación América Airports (NYSE:CAAP) Now Covered by JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of Corporación América Airports (NYSE:CAAP) in a research note released on Friday morning, MarketBeat reports. The firm issued an overweight rating and a $22.50 target price on the stock.

Corporación América Airports Price Performance

Corporación América Airports stock opened at $18.43 on Friday. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 8.53 and a beta of 1.97. Corporación América Airports has a 52-week low of $13.97 and a 52-week high of $20.79. The stock’s 50 day moving average price is $18.95 and its two-hundred day moving average price is $18.42. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 1.29.

Hedge Funds Weigh In On Corporación América Airports

A number of institutional investors and hedge funds have recently modified their holdings of the business. Invst LLC lifted its holdings in shares of Corporación América Airports by 8.1% in the 4th quarter. Invst LLC now owns 46,618 shares of the company’s stock worth $870,000 after purchasing an additional 3,494 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Corporación América Airports by 48.3% in the 4th quarter. Royal Bank of Canada now owns 887,485 shares of the company’s stock worth $16,561,000 after purchasing an additional 288,948 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Corporación América Airports by 899.4% in the 4th quarter. Millennium Management LLC now owns 220,076 shares of the company’s stock worth $4,107,000 after purchasing an additional 198,056 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Corporación América Airports by 111.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 851,325 shares of the company’s stock worth $15,886,000 after purchasing an additional 448,298 shares in the last quarter. Finally, Bosun Asset Management LLC bought a new position in shares of Corporación América Airports in the 4th quarter worth $313,000. 12.95% of the stock is currently owned by institutional investors.

Corporación América Airports Company Profile

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.