Corporación América Airports (NYSE:CAAP) Hits New 1-Year High – What’s Next?

Corporación América Airports S.A. (NYSE:CAAP)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $19.49 and last traded at $19.49, with a volume of 390 shares traded. The stock had previously closed at $19.10.

Corporación América Airports Trading Up 0.6 %

The company has a current ratio of 1.32, a quick ratio of 1.30 and a debt-to-equity ratio of 0.75. The stock has a 50-day moving average price of $17.48 and a 200 day moving average price of $17.09.

Corporación América Airports (NYSE:CAAP) last announced its quarterly earnings results on Wednesday, August 21st. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). Corporación América Airports had a net margin of 22.57% and a return on equity of 33.87%. The company had revenue of $416.20 million during the quarter. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Research analysts anticipate that Corporación América Airports S.A. will post 1.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Corporación América Airports

Large investors have recently added to or reduced their stakes in the company. Thoroughbred Financial Services LLC acquired a new position in shares of Corporación América Airports during the first quarter worth about $856,000. Quadrature Capital Ltd boosted its position in Corporación América Airports by 25.8% during the 1st quarter. Quadrature Capital Ltd now owns 60,309 shares of the company’s stock worth $1,014,000 after acquiring an additional 12,354 shares during the last quarter. Virtu Financial LLC acquired a new position in Corporación América Airports during the 1st quarter worth approximately $177,000. Invst LLC grew its stake in shares of Corporación América Airports by 79.1% during the 1st quarter. Invst LLC now owns 20,349 shares of the company’s stock worth $343,000 after acquiring an additional 8,990 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Corporación América Airports in the second quarter valued at approximately $583,000. Institutional investors own 12.95% of the company’s stock.

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.