Corporación América Airports (NYSE:CAAP) Trading Up 7.4% – Time to Buy?

Corporación América Airports S.A. (NYSE:CAAP) shares traded up 7.4% during mid-day 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.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. began coverage on shares of Corporación América Airports in a report on Friday. They issued an “overweight” rating and a $22.50 target price for the company.

Corporación América Airports Stock Performance

The company has a market capitalization of $3.20 billion, a P/E ratio of 9.06 and a beta of 1.97. The business has a 50-day moving average of $18.95 and a 200-day moving average of $18.47. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.29 and a quick ratio of 1.27.

Institutional Trading of Corporación América Airports

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE grew its stake in Corporación América Airports by 6.6% in the fourth quarter. Bank of America Corp DE now owns 13,437 shares of the company’s stock valued at $251,000 after purchasing an additional 836 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Corporación América Airports by 125.4% in the fourth quarter. BNP Paribas Financial Markets now owns 3,102 shares of the company’s stock valued at $58,000 after purchasing an additional 1,726 shares during the last quarter. Metis Global Partners LLC grew its stake in Corporación América Airports by 14.8% in the fourth quarter. Metis Global Partners LLC now owns 16,024 shares of the company’s stock valued at $299,000 after purchasing an additional 2,066 shares during the last quarter. Invst LLC grew its stake in Corporación América Airports by 8.1% in the fourth quarter. Invst LLC now owns 46,618 shares of the company’s stock valued at $870,000 after purchasing an additional 3,494 shares during the last quarter. Finally, Stokes Family Office LLC grew its stake in shares of Corporación América Airports by 1.8% during the fourth quarter. Stokes Family Office LLC now owns 279,535 shares of the company’s stock worth $5,216,000 after acquiring an additional 5,000 shares during the last quarter. 12.95% of the stock is currently owned by 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.