Corporación América Airports (NYSE:CAAP) Trading Up 4.2% – Still a Buy?

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

Analyst Ratings Changes

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

Corporación América Airports Stock Down 1.2 %

The business’s 50 day simple moving average is $18.85 and its 200 day simple moving average is $18.65. The company has a market capitalization of $3.07 billion, a PE ratio of 8.71 and a beta of 1.97. The company has a quick ratio of 1.27, a current ratio of 1.29 and a debt-to-equity ratio of 0.71.

Corporación América Airports (NYSE:CAAP) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.12). Corporación América Airports had a net margin of 20.78% and a return on equity of 28.13%. The firm had revenue of $461.10 million during the quarter, compared to analysts’ expectations of $373.00 million. As a group, analysts forecast that Corporación América Airports S.A. will post 0.95 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its stake in Corporación América Airports by 125.4% during the 4th quarter. BNP Paribas Financial Markets now owns 3,102 shares of the company’s stock valued at $58,000 after acquiring an additional 1,726 shares in the last quarter. Sage Investment Counsel LLC acquired a new stake in shares of Corporación América Airports during the fourth quarter worth approximately $187,000. Verity Asset Management Inc. purchased a new position in Corporación América Airports during the fourth quarter valued at approximately $245,000. Bank of America Corp DE increased its stake in Corporación América Airports by 6.6% in the 4th quarter. Bank of America Corp DE now owns 13,437 shares of the company’s stock valued at $251,000 after buying an additional 836 shares during the period. Finally, Mariner LLC purchased a new stake in Corporación América Airports in the 4th quarter worth approximately $255,000. 12.95% of the stock is owned by institutional investors and hedge funds.

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.