Corporación América Airports (NYSE:CAAP) Trading 4.2% Higher – Should You Buy?

Corporación América Airports S.A. (NYSE:CAAP) rose 4.2% on Thursday . The company traded as high as $18.77 and last traded at $18.72. Approximately 36,368 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 147,484 shares. The stock had previously closed at $17.97.

Corporación América Airports Stock Performance

The company has a quick ratio of 1.30, a current ratio of 1.32 and a debt-to-equity ratio of 0.75. The stock’s 50 day moving average price is $16.25 and its two-hundred day moving average price is $16.86.

Corporación América Airports (NYSE:CAAP) last released its earnings results on Wednesday, August 21st. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.02). The company 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 firm posted $0.43 EPS. On average, sell-side analysts predict that Corporación América Airports S.A. will post 0.96 EPS for the current year.

Hedge Funds Weigh In On Corporación América Airports

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Meixler Investment Management Ltd. lifted its position in Corporación América Airports by 5.0% in the 2nd quarter. Meixler Investment Management Ltd. now owns 25,101 shares of the company’s stock valued at $418,000 after acquiring an additional 1,201 shares in the last quarter. Quarry LP bought a new stake in shares of Corporación América Airports during the 2nd quarter worth approximately $38,000. Stokes Family Office LLC increased its position in Corporación América Airports by 1.5% during the 1st 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 in the last quarter. LMG Wealth Partners LLC increased its position in Corporación América Airports by 5.5% during the 2nd 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. Finally, Rhumbline Advisers acquired a new position in Corporación América Airports in the 2nd quarter valued at approximately $98,000. 12.95% of the stock is 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.