Corporación América Airports S.A. (NYSE:CAAP - Get Free Report) shares gapped down before the market opened on Wednesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $19.28, but opened at $18.48. Corporación América Airports shares last traded at $18.63, with a volume of 41,982 shares.
The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.12). Corporación América Airports had a net margin of 20.78% and a return on equity of 28.13%. The firm had revenue of $461.10 million for the quarter, compared to the consensus estimate of $373.00 million.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. started coverage on shares of Corporación América Airports in a report on Friday, March 14th. They set an "overweight" rating and a $22.50 price objective for the company.
Read Our Latest Report on CAAP
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its position in Corporación América Airports by 125.4% in the 4th quarter. BNP Paribas Financial Markets now owns 3,102 shares of the company's stock valued at $58,000 after buying an additional 1,726 shares during the last quarter. Sage Investment Counsel LLC bought a new stake in shares of Corporación América Airports in the 4th quarter worth $187,000. Verity Asset Management Inc. purchased a new stake in shares of Corporación América Airports in the fourth quarter valued at about $245,000. Bank of America Corp DE lifted 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 valued at $251,000 after purchasing an additional 836 shares in the last quarter. Finally, Mariner LLC purchased a new position in Corporación América Airports during the fourth quarter worth about $255,000. Institutional investors own 12.95% of the company's stock.
Corporación América Airports Stock Up 2.6 %
The company has a current ratio of 1.29, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $2.96 billion, a P/E ratio of 8.40 and a beta of 1.97. The stock's 50-day simple moving average is $18.87 and its 200-day simple moving average is $18.59.
Corporación América Airports Company Profile
(
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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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