Corporacion America Airports SA (NYSE:CAAP) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 324,500 shares, a decline of 7.1% from the July 31st total of 349,200 shares. Based on an average trading volume of 184,000 shares, the short-interest ratio is currently 1.8 days. Approximately 1.1% of the company’s stock are sold short.
Several research firms have recently commented on CAAP. Zacks Investment Research upgraded shares of Corporacion America Airports from a “hold” rating to a “buy” rating and set a $6.25 price target on the stock in a report on Thursday, August 22nd. ValuEngine upgraded shares of Corporacion America Airports from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.
A number of institutional investors have recently modified their holdings of the business. River & Mercantile Asset Management LLP grew its stake in Corporacion America Airports by 0.4% during the second quarter. River & Mercantile Asset Management LLP now owns 986,995 shares of the company’s stock worth $7,990,000 after buying an additional 3,600 shares during the last quarter. BlackRock Inc. lifted its holdings in Corporacion America Airports by 28.4% in the second quarter. BlackRock Inc. now owns 822,592 shares of the company’s stock valued at $6,638,000 after buying an additional 182,140 shares during the period. Bienville Capital Management LLC lifted its holdings in Corporacion America Airports by 48.9% in the first quarter. Bienville Capital Management LLC now owns 736,919 shares of the company’s stock valued at $6,094,000 after buying an additional 242,019 shares during the period. JPMorgan Chase & Co. acquired a new position in Corporacion America Airports in the second quarter valued at approximately $1,677,000. Finally, FMR LLC lifted its holdings in Corporacion America Airports by 22.7% in the first quarter. FMR LLC now owns 125,824 shares of the company’s stock valued at $1,041,000 after buying an additional 23,244 shares during the period. 10.95% of the stock is currently owned by hedge funds and other institutional investors.
Corporacion America Airports stock traded down $0.03 on Friday, reaching $5.24. 111,200 shares of the stock were exchanged, compared to its average volume of 167,095. The firm has a fifty day moving average price of $6.09 and a two-hundred day moving average price of $7.45. The stock has a market cap of $856.12 million, a PE ratio of 131.25, a PEG ratio of 0.31 and a beta of 1.76. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. Corporacion America Airports has a twelve month low of $4.66 and a twelve month high of $9.84.
Corporacion America Airports (NYSE:CAAP) last posted its earnings results on Friday, August 23rd. The company reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.50. The business had revenue of $412.56 million for the quarter, compared to analysts’ expectations of $366.20 million. Corporacion America Airports had a net margin of 7.01% and a return on equity of 8.66%. Equities analysts anticipate that Corporacion America Airports will post 0.56 EPS for the current fiscal year.
Corporacion America Airports Company Profile
Corporación América Airports SA acquires, develops, and operates airport concessions. It operates 52 airports in Latin America, Europe, and Eurasia. The company was formerly knwona as A.C.I. Airports International S.à r.l. The company was founded in 1998 and is based in Luxembourg City, Luxembourg. Corporación América Airports SA is a subsidiary of A.C.I.
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