Corporación América Airports (NYSE:CAAP) Trading 4.2% Higher - Here's Why

Corporación América Airports S.A. (NYSE:CAAP - Get Free Report) shot up 4.2% on Tuesday . The stock traded as high as $19.27 and last traded at $19.18. 46,375 shares changed hands during trading, a decline of 82% from the average session volume of 258,985 shares. The stock had previously closed at $18.40.

Analysts Set New Price Targets

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

Corporación América Airports Stock Performance

The stock has a 50 day moving average price of $18.85 and a two-hundred day moving average price of $18.68. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.29 and a quick ratio of 1.27. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 8.45 and a beta of 1.97.

Corporación América Airports (NYSE:CAAP - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $0.21 earnings per share 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 company had revenue of $461.10 million during the quarter, compared to analyst estimates of $373.00 million. On average, analysts predict that Corporación América Airports S.A. will post 0.95 EPS for the current fiscal year.

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Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Corporación América Airports by 6.8% during 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 raised its holdings in Corporación América Airports by 8.7% during the 4th quarter. abrdn plc now owns 366,362 shares of the company's stock worth $6,880,000 after purchasing an additional 29,462 shares during the last quarter. Stokes Family Office LLC boosted its stake 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 purchasing an additional 5,000 shares during the last quarter. LMG Wealth Partners LLC grew its position in shares of Corporación América Airports by 7.9% during the 4th quarter. LMG Wealth Partners LLC now owns 91,491 shares of the company's stock worth $1,707,000 after buying an additional 6,670 shares during the period. Finally, Invst LLC grew its position in shares of Corporación América Airports by 28.2% during the 3rd quarter. Invst LLC now owns 43,124 shares of the company's stock worth $753,000 after buying an additional 9,473 shares during the period. 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.