Corporación América Airports (NYSE:CAAP) Hits New 52-Week High – Time to Buy?

Corporación América Airports S.A. (NYSE:CAAP)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $19.49 and last traded at $19.49, with a volume of 390 shares. The stock had previously closed at $19.10.

Corporación América Airports Price Performance

The stock’s 50 day moving average price is $17.48 and its 200 day moving average price is $17.09. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.30 and a current ratio of 1.32.

Corporación América Airports (NYSE:CAAP) last released its earnings results on Wednesday, August 21st. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.02). The company had revenue of $416.20 million for the quarter. Corporación América Airports had a return on equity of 33.87% and a net margin of 22.57%. During the same quarter in the previous year, the firm earned $0.43 EPS. On average, sell-side analysts expect that Corporación América Airports S.A. will post 1.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Corporación América Airports

A number of institutional investors have recently added to or reduced their stakes in CAAP. Quarry LP acquired a new stake in Corporación América Airports in the second quarter valued at $38,000. Rhumbline Advisers bought a new position in Corporación América Airports during the second quarter worth $98,000. Virtu Financial LLC acquired a new position in shares of Corporación América Airports in the first quarter valued at $177,000. Vontobel Holding Ltd. bought a new position in shares of Corporación América Airports in the third quarter valued at about $224,000. Finally, Metis Global Partners LLC lifted its stake in shares of Corporación América Airports by 33.5% during the 3rd quarter. Metis Global Partners LLC now owns 13,958 shares of the company’s stock worth $244,000 after buying an additional 3,501 shares during the last quarter. 12.95% of the stock is currently owned by institutional investors and hedge funds.

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.