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

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

Wall Street Analyst Weigh In

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

Corporación América Airports Stock Performance

The company has a debt-to-equity ratio of 0.71, a current ratio of 1.29 and a quick ratio of 1.27. The stock has a fifty day moving average price of $18.86 and a two-hundred day moving average price of $18.62. The company has a market cap of $3.11 billion, a P/E ratio of 8.83 and a beta of 1.97.

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

Institutional Trading of Corporación América Airports

Hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Corporación América Airports by 111.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 851,325 shares of the company’s stock worth $15,886,000 after acquiring an additional 448,298 shares during the period. Royal Bank of Canada raised its holdings in shares of Corporación América Airports by 48.3% in the 4th quarter. Royal Bank of Canada now owns 887,485 shares of the company’s stock worth $16,561,000 after purchasing an additional 288,948 shares in the last quarter. Millennium Management LLC lifted its stake in Corporación América Airports by 899.4% during the fourth quarter. Millennium Management LLC now owns 220,076 shares of the company’s stock valued at $4,107,000 after purchasing an additional 198,056 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Corporación América Airports during the fourth quarter worth approximately $1,189,000. Finally, Covalis Capital LLP acquired a new position in Corporación América Airports in the fourth quarter worth approximately $682,000. Institutional investors own 12.95% of the company’s stock.

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.