JPMorgan Chase & Co. initiated coverage on shares of Corporación América Airports (NYSE:CAAP - Free Report) in a research report released on Friday morning, MarketBeat.com reports. The firm issued an overweight rating and a $22.50 price target on the stock.
Corporación América Airports Stock Down 0.3 %
Shares of CAAP traded down $0.05 during mid-day trading on Friday, reaching $19.30. 145,148 shares of the stock traded hands, compared to its average volume of 172,775. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 8.93 and a beta of 1.97. The stock has a fifty day simple moving average of $18.95 and a 200 day simple moving average of $18.50. Corporación América Airports has a 12-month low of $13.97 and a 12-month high of $20.79. The company has a quick ratio of 1.27, a current ratio of 1.29 and a debt-to-equity ratio of 0.71.
Institutional Trading of Corporación América Airports
Hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its position in shares of Corporación América Airports by 125.4% during the fourth quarter. BNP Paribas Financial Markets now owns 3,102 shares of the company's stock worth $58,000 after buying an additional 1,726 shares in the last quarter. Sage Investment Counsel LLC acquired a new stake in shares of Corporación América Airports during the fourth quarter worth approximately $187,000. Metis Global Partners LLC grew its position in shares of Corporación América Airports by 33.5% during the third 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 in the last quarter. Verity Asset Management Inc. acquired a new stake in shares of Corporación América Airports during the fourth quarter worth approximately $245,000. Finally, Bank of America Corp DE grew its position in shares of Corporación América Airports by 6.6% during the fourth quarter. Bank of America Corp DE now owns 13,437 shares of the company's stock worth $251,000 after buying an additional 836 shares in the last quarter. Institutional investors and hedge funds own 12.95% of the company's stock.
About Corporación América Airports
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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.
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