Corporación América Airports (NYSE:CAAP) Now Covered by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Corporación América Airports (NYSE:CAAP) in a report released on Friday, Marketbeat.com reports. The brokerage issued an overweight rating and a $22.50 price target on the stock.

Corporación América Airports Stock Performance

Corporación América Airports stock opened at $18.43 on Friday. The business has a 50 day moving average of $18.95 and a 200-day moving average of $18.42. Corporación América Airports has a 1 year low of $13.97 and a 1 year high of $20.79. 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 company has a market capitalization of $3.01 billion, a P/E ratio of 8.53 and a beta of 1.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Fourth Sail Capital LP increased its position 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 valued at $28,199,000 after purchasing an additional 300,529 shares during the period. Citigroup Inc. increased its position in Corporación América Airports by 0.6% during the 3rd 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 during the period. Royal Bank of Canada increased its position 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 valued at $16,561,000 after purchasing an additional 288,948 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position 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 purchasing an additional 448,298 shares during the period. Finally, abrdn plc increased its position in Corporación América Airports by 8.7% during the 4th 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 during the period. Institutional investors and hedge funds 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.