Logistic Properties of the Americas (NYSEAMERICAN:LPA) Shares Down 1.9% – Here’s Why

Logistic Properties of the Americas (NYSEAMERICAN:LPA)’s stock price fell 1.9% during mid-day trading on Wednesday . The stock traded as low as $3.08 and last traded at $3.14. 18,822 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 338,980 shares. The stock had previously closed at $3.20.

Logistic Properties of the Americas Stock Down 1.9%

The stock has a market cap of $98.97 million, a P/E ratio of 13.65 and a beta of 6.01. The firm has a 50 day simple moving average of $4.62 and a 200-day simple moving average of $6.03. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.96.

Institutional Investors Weigh In On Logistic Properties of the Americas

Several hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new position in Logistic Properties of the Americas during the second quarter worth $25,000. New York State Common Retirement Fund acquired a new stake in shares of Logistic Properties of the Americas during the 2nd quarter worth about $98,000. Goldman Sachs Group Inc. boosted its holdings in shares of Logistic Properties of the Americas by 24.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 23,762 shares of the company’s stock worth $212,000 after buying an additional 4,645 shares during the period. Finally, Geode Capital Management LLC acquired a new position in Logistic Properties of the Americas in the 2nd quarter valued at about $275,000. Institutional investors and hedge funds own 42.71% of the company’s stock.

About Logistic Properties of the Americas

Logistic Properties of the Americas develops, builds and operates logistic real estate properties. It operates through the following geographical segments: Colombia, Peru, and Costa Rica. The company is headquartered in Miami, FL.