Corporacion America Airports (NYSE:CAAP) Sets New 52-Week Low at $3.76

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Corporacion America Airports SA (NYSE:CAAP)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $3.76 and last traded at $3.78, with a volume of 10621 shares trading hands. The stock had previously closed at $3.98.

A number of research analysts recently issued reports on CAAP shares. ValuEngine upgraded Corporacion America Airports from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Oppenheimer downgraded Corporacion America Airports from an “outperform” rating to a “market perform” rating in a research note on Friday. Finally, Zacks Investment Research downgraded Corporacion America Airports from a “hold” rating to a “sell” rating in a research note on Monday.

The stock has a 50 day moving average of $4.22 and a 200-day moving average of $6.24. The company has a market capitalization of $640.09 million, a P/E ratio of 96.00, a P/E/G ratio of 0.17 and a beta of 1.71. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

Corporacion America Airports (NYSE:CAAP) last announced its quarterly earnings data on Friday, August 23rd. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.50. The company had revenue of $412.56 million during the quarter, compared to the consensus estimate of $366.20 million. Corporacion America Airports had a return on equity of 8.66% and a net margin of 7.01%. As a group, sell-side analysts expect that Corporacion America Airports SA will post 0.75 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. Northern Trust Corp purchased a new position in Corporacion America Airports in the 2nd quarter worth approximately $291,000. Citadel Advisors LLC lifted its holdings in Corporacion America Airports by 7.7% in the 2nd quarter. Citadel Advisors LLC now owns 42,355 shares of the company’s stock worth $342,000 after purchasing an additional 3,024 shares in the last quarter. FMR LLC lifted its holdings in Corporacion America Airports by 22.7% in the 1st quarter. FMR LLC now owns 125,824 shares of the company’s stock worth $1,041,000 after purchasing an additional 23,244 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in Corporacion America Airports in the 2nd quarter worth approximately $1,677,000. Finally, River & Mercantile Asset Management LLP lifted its holdings in Corporacion America Airports by 17.6% in the 3rd quarter. River & Mercantile Asset Management LLP now owns 1,160,461 shares of the company’s stock worth $5,228,000 after purchasing an additional 173,466 shares in the last quarter. Institutional investors own 10.89% of the company’s stock.

Corporacion America Airports Company Profile (NYSE:CAAP)

Corporación América Airports SA acquires, develops, and operates airport concessions. It operates 52 airports in Latin America, Europe, and Eurasia. The company was formerly knwona as A.C.I. Airports International S.à r.l. The company was founded in 1998 and is based in Luxembourg City, Luxembourg. Corporación América Airports SA is a subsidiary of A.C.I.

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