Corporación América Airports (NYSE:CAAP) Shares Down 4.5% – What’s Next?

Corporación América Airports S.A. (NYSE:CAAP) shares dropped 4.5% during trading on Thursday . The company traded as low as $18.42 and last traded at $18.45. Approximately 75,234 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 125,471 shares. The stock had previously closed at $19.32.

Corporación América Airports Price Performance

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 cap of $2.99 billion, a price-to-earnings ratio of 8.49 and a beta of 1.99. The company has a 50 day moving average of $19.14 and a 200 day moving average of $17.65.

Hedge Funds Weigh In On Corporación América Airports

A number of large investors have recently added to or reduced their stakes in the company. Invst LLC boosted its position in shares of Corporación América Airports by 28.2% during the third 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. State Street Corp boosted its position in Corporación América Airports by 6.8% during the 3rd quarter. State Street Corp now owns 266,233 shares of the company’s stock worth $4,648,000 after acquiring an additional 16,838 shares during the last quarter. Citigroup Inc. grew its stake in shares of Corporación América Airports by 0.6% during the 3rd quarter. Citigroup Inc. now owns 1,050,579 shares of the company’s stock worth $18,343,000 after acquiring an additional 6,600 shares in the last quarter. Fourth Sail Capital LP raised its holdings in shares of Corporación América Airports by 22.9% in the third quarter. Fourth Sail Capital LP now owns 1,615,054 shares of the company’s stock valued at $28,199,000 after purchasing an additional 300,529 shares during the last quarter. Finally, Metis Global Partners LLC lifted its position in shares of Corporación América Airports by 33.5% in the third quarter. Metis Global Partners LLC now owns 13,958 shares of the company’s stock worth $244,000 after purchasing an additional 3,501 shares in the last quarter. 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.