Corporación América Airports (NYSE:CAAP) Trading 4.2% Higher – Time to Buy?

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

Wall Street Analyst Weigh In

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

Corporación América Airports Stock Performance

The firm’s 50-day simple moving average is $18.86 and its two-hundred day simple moving average is $18.62. The company has a current ratio of 1.29, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $3.11 billion, a PE ratio of 8.83 and a beta of 1.97.

Corporación América Airports (NYSE:CAAP) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.12). The business had revenue of $461.10 million for the quarter, compared to analysts’ expectations of $373.00 million. Corporación América Airports had a net margin of 20.78% and a return on equity of 28.13%. On average, equities research analysts expect that Corporación América Airports S.A. will post 0.95 earnings per share for the current fiscal year.

Institutional Trading of Corporación América Airports

Several institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in 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 valued at $15,886,000 after buying an additional 448,298 shares during the period. Royal Bank of Canada increased its stake in shares of Corporación América Airports by 48.3% in the fourth quarter. Royal Bank of Canada now owns 887,485 shares of the company’s stock worth $16,561,000 after acquiring an additional 288,948 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Corporación América Airports by 899.4% during the fourth quarter. Millennium Management LLC now owns 220,076 shares of the company’s stock worth $4,107,000 after acquiring an additional 198,056 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Corporación América Airports during the fourth quarter valued at $1,189,000. Finally, Covalis Capital LLP purchased a new position in Corporación América Airports in the fourth quarter valued at about $682,000. 12.95% of the stock is currently owned by institutional investors and hedge funds.

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.