Corporación América Airports (NYSE:CAAP) Shares Up 7.4% – What’s Next?

Shares of Corporación América Airports S.A. (NYSE:CAAP) traded up 7.4% during trading on Monday . The company traded as high as $19.53 and last traded at $19.74. 54,162 shares were traded during trading, a decline of 69% from the average session volume of 172,190 shares. The stock had previously closed at $18.38.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. assumed coverage on Corporación América Airports in a research note on Friday, March 14th. They issued an “overweight” rating and a $22.50 price target on the stock.

Corporación América Airports Trading Down 0.3 %

The company has a market cap of $3.15 billion, a price-to-earnings ratio of 8.93 and a beta of 1.97. 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 business’s fifty day simple moving average is $18.94 and its two-hundred day simple moving average is $18.53.

Institutional Investors Weigh In On Corporación América Airports

Institutional investors and hedge funds have recently bought and sold shares of the stock. Citigroup Inc. lifted its holdings in shares of Corporación América Airports by 0.6% in 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 last quarter. State Street Corp boosted its holdings in shares of Corporación América Airports by 6.8% in the third quarter. State Street Corp now owns 266,233 shares of the company’s stock valued at $4,648,000 after acquiring an additional 16,838 shares during the period. abrdn plc grew its position 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 worth $6,880,000 after acquiring an additional 29,462 shares during the last quarter. Stokes Family Office LLC increased its holdings in shares of Corporación América Airports by 1.8% in the 4th quarter. Stokes Family Office LLC now owns 279,535 shares of the company’s stock valued at $5,216,000 after acquiring an additional 5,000 shares during the period. Finally, LMG Wealth Partners LLC raised its position in Corporación América Airports by 7.9% in the 4th 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 during the last quarter. 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.