Corporacion America Airports (NYSE:CAAP) Sees Strong Trading Volume

Corporacion America Airports SA (NYSE:CAAP) shares saw unusually-high trading volume on Thursday . Approximately 884,074 shares were traded during trading, an increase of 479% from the previous session’s volume of 152,760 shares.The stock last traded at $5.82 and had previously closed at $5.54.

CAAP has been the subject of a number of analyst reports. ValuEngine raised Corporacion America Airports from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Zacks Investment Research raised Corporacion America Airports from a “hold” rating to a “buy” rating and set a $6.25 price objective for the company in a research report on Thursday. Five equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average target price of $10.75.

The firm has a market capitalization of $920.12 million, a price-to-earnings ratio of 143.75 and a beta of 1.58. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 0.85. The stock has a 50-day moving average price of $7.21 and a 200 day moving average price of $7.71.

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, topping the consensus estimate of ($0.19) by $0.50. The firm had revenue of $412.56 million during the quarter, compared to analysts’ expectations of $366.20 million. Corporacion America Airports had a return on equity of 3.05% and a net margin of 2.22%. As a group, equities analysts forecast that Corporacion America Airports SA will post -0.58 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc lifted its stake in Corporacion America Airports by 206.2% during the fourth quarter. Legal & General Group Plc now owns 23,111 shares of the company’s stock worth $153,000 after purchasing an additional 15,564 shares during the last quarter. Northern Trust Corp purchased a new stake in Corporacion America Airports during the second quarter worth approximately $291,000. Citadel Advisors LLC lifted its stake in Corporacion America Airports by 7.7% during the second quarter. Citadel Advisors LLC now owns 42,355 shares of the company’s stock worth $342,000 after purchasing an additional 3,024 shares during the last quarter. Millennium Management LLC lifted its stake in Corporacion America Airports by 19.1% during the fourth quarter. Millennium Management LLC now owns 101,212 shares of the company’s stock worth $671,000 after purchasing an additional 16,244 shares during the last quarter. Finally, FMR LLC lifted its stake in Corporacion America Airports by 13.9% during the fourth quarter. FMR LLC now owns 102,580 shares of the company’s stock worth $680,000 after purchasing an additional 12,500 shares during the last quarter. Hedge funds and other institutional investors own 12.15% of the company’s stock.

Corporacion America Airports Company Profile (NYSE:CAAP)

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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