Sage Investment Counsel LLC Buys Shares of 10,000 Corporación América Airports S.A. (NYSE:CAAP)

Sage Investment Counsel LLC bought a new stake in Corporación América Airports S.A. (NYSE:CAAP) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,000 shares of the company’s stock, valued at approximately $187,000.

A number of other hedge funds also recently added to or reduced their stakes in CAAP. Citigroup Inc. raised its stake in shares of Corporación América Airports by 0.6% during the third quarter. Citigroup Inc. now owns 1,050,579 shares of the company’s stock valued at $18,343,000 after purchasing an additional 6,600 shares in the last quarter. State Street Corp raised its stake in shares of Corporación América Airports by 6.8% during the third quarter. State Street Corp now owns 266,233 shares of the company’s stock valued at $4,648,000 after purchasing an additional 16,838 shares in the last quarter. abrdn plc raised its stake in shares of Corporación América Airports by 8.7% during the fourth quarter. abrdn plc now owns 366,362 shares of the company’s stock valued at $6,880,000 after purchasing an additional 29,462 shares in the last quarter. LMG Wealth Partners LLC raised its stake in shares of Corporación América Airports by 7.9% during the fourth quarter. LMG Wealth Partners LLC now owns 91,491 shares of the company’s stock valued at $1,707,000 after purchasing an additional 6,670 shares in the last quarter. Finally, Malaga Cove Capital LLC raised its stake in shares of Corporación América Airports by 30.2% during the third quarter. Malaga Cove Capital LLC now owns 45,867 shares of the company’s stock valued at $801,000 after purchasing an additional 10,644 shares in the last quarter. 12.95% of the stock is currently owned by institutional investors.

Corporación América Airports Price Performance

Shares of NYSE CAAP opened at $18.32 on Friday. Corporación América Airports S.A. has a fifty-two week low of $13.74 and a fifty-two week high of $20.79. The firm’s 50-day simple moving average is $19.14 and its 200 day simple moving average is $18.26. The company has a quick ratio of 1.27, a current ratio of 1.29 and a debt-to-equity ratio of 0.71. The stock has a market cap of $2.99 billion, a P/E ratio of 8.48 and a beta of 1.97.

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.