Corporación América Airports (NYSE:CAAP) Hits New 12-Month High – Here’s Why

Corporación América Airports S.A. (NYSE:CAAP)’s stock price reached 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 Stock Down 0.2 %

The company has a debt-to-equity ratio of 0.75, a current ratio of 1.32 and a quick ratio of 1.30. The business’s fifty day moving average price is $17.32 and its two-hundred day moving average price is $17.06. The stock has a market capitalization of $3.11 billion, a PE ratio of 8.09 and a beta of 2.06.

Corporación América Airports (NYSE:CAAP) last posted its quarterly earnings results on Wednesday, August 21st. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The business 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 period in the previous year, the company earned $0.43 earnings per share. On average, equities research analysts forecast that Corporación América Airports S.A. will post 1.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Corporación América Airports

A number of institutional investors have recently modified their holdings of CAAP. Fourth Sail Capital LP grew its stake in Corporación América Airports by 1,779.7% in the 2nd quarter. Fourth Sail Capital LP now owns 1,314,525 shares of the company’s stock valued at $21,874,000 after acquiring an additional 1,244,592 shares during the period. Helikon Investments Ltd grew its position in shares of Corporación América Airports by 10.1% in the third quarter. Helikon Investments Ltd now owns 8,131,794 shares of the company’s stock valued at $141,981,000 after purchasing an additional 746,084 shares during the period. Thoroughbred Financial Services LLC purchased a new stake in shares of Corporación América Airports during the first quarter worth about $856,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Corporación América Airports during the second quarter worth about $839,000. Finally, Assenagon Asset Management S.A. acquired a new stake in Corporación América Airports in the 2nd quarter worth about $583,000. 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.