Shares of Corporación América Airports S.A. (NYSE:CAAP – Get Rating) hit a new 52-week high during trading on Wednesday . The company traded as high as $12.57 and last traded at $10.69, with a volume of 56396 shares traded. The stock had previously closed at $11.01.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group raised their price objective on Corporación América Airports from $6.80 to $7.70 and gave the stock a “neutral” rating in a research report on Wednesday, April 5th.
Corporación América Airports Price Performance
The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.93 and a current ratio of 0.96. The firm has a market cap of $1.76 billion, a P/E ratio of 10.07 and a beta of 1.97. The company has a 50-day moving average of $10.71 and a 200 day moving average of $9.61.
Hedge Funds Weigh In On Corporación América Airports
Hedge funds and other institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC raised its position in Corporación América Airports by 35.0% in the 3rd quarter. Lazard Asset Management LLC now owns 13,665 shares of the company’s stock valued at $90,000 after purchasing an additional 3,542 shares during the last quarter. HBK Sorce Advisory LLC bought a new position in Corporación América Airports in the 3rd quarter valued at $140,000. Millennium Management LLC bought a new position in Corporación América Airports in the 4th quarter valued at $159,000. GSA Capital Partners LLP raised its position in Corporación América Airports by 33.2% in the 4th quarter. GSA Capital Partners LLP now owns 29,775 shares of the company’s stock valued at $260,000 after purchasing an additional 7,426 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in Corporación América Airports in the 4th quarter valued at $299,000. Institutional investors own 12.25% of the company’s stock.
About Corporación América Airports
Corporacion America Airports SA engages in the acquisition, development, and management of airport concessionaires. It operates through the following geographical segments: Argentina, Italy, Brazil, Uruguay, Ecuador, and Armenia. The firm conducts its operations in international airport, such as Ezeiza Airport, Brasilia Airport, Aeroparque Airport, Bariloche, Iguazu, Galapagos Ecological Airport, and Florence Airport.
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