Corporación América Airports (NYSE:CAAP) Trading Up 7.4% – Time to Buy?

Corporación América Airports S.A. (NYSE:CAAP)’s share price was up 7.4% during mid-day trading on Monday . The company traded as high as $19.53 and last traded at $19.74. Approximately 54,162 shares traded hands during trading, a decline of 69% from the average daily volume of 172,190 shares. The stock had previously closed at $18.38.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. started coverage on shares of Corporación América Airports in a research report on Friday. They set an “overweight” rating and a $22.50 price objective on the stock.

Corporación América Airports Stock Up 6.5 %

The stock’s 50-day moving average price is $18.95 and its two-hundred day moving average price is $18.47. The stock has a market capitalization of $3.20 billion, a PE ratio of 9.06 and a beta of 1.97. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 1.29.

Institutional Trading of Corporación América Airports

Institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Corporación América Airports by 111.2% during 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 acquiring an additional 448,298 shares during the period. Fourth Sail Capital LP raised its stake in Corporación América Airports by 22.9% during the 3rd quarter. Fourth Sail Capital LP now owns 1,615,054 shares of the company’s stock worth $28,199,000 after acquiring an additional 300,529 shares during the period. Royal Bank of Canada raised its stake in Corporación América Airports by 48.3% during the 4th 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 period. Millennium Management LLC raised its stake in Corporación América Airports by 899.4% during the 4th 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 during the period. Finally, Raymond James Financial Inc. bought a new stake in Corporación América Airports during the 4th quarter worth approximately $1,189,000. 12.95% of the stock is owned by hedge funds and other institutional investors.

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.