Corporacion America Airports (CAAP) Downgraded to “Sell” at Zacks Investment Research
Zacks Investment Research cut shares of Corporacion America Airports (NYSE:CAAP) from a hold rating to a sell rating in a research note issued to investors on Friday.
According to Zacks, “Corporacion America Airports SA is a focused on acquiring, developing and operating airport concessions. The Company is a private sector airport operator. It operates primarily in Latin America, Europe and Eurasia. Corporacion America Airports SA is based in Luxembourg. “
Corporacion America Airports stock opened at $8.38 on Friday. Corporacion America Airports has a 52-week low of $8.14 and a 52-week high of $17.99. The company has a quick ratio of 1.34, a current ratio of 1.36 and a debt-to-equity ratio of 1.13.
Several large investors have recently modified their holdings of the stock. Global X Management Co LLC bought a new stake in shares of Corporacion America Airports in the second quarter worth $942,000. Makaira Partners LLC increased its stake in shares of Corporacion America Airports by 10.8% in the second quarter. Makaira Partners LLC now owns 1,076,379 shares of the company’s stock worth $9,085,000 after buying an additional 104,979 shares during the last quarter. Highland Capital Management LP bought a new stake in shares of Corporacion America Airports in the second quarter worth $13,680,000. FMR LLC increased its stake in shares of Corporacion America Airports by 218.4% in the second quarter. FMR LLC now owns 62,080 shares of the company’s stock worth $524,000 after buying an additional 42,580 shares during the last quarter. Finally, BlackRock Inc. increased its stake in shares of Corporacion America Airports by 26.8% in the second quarter. BlackRock Inc. now owns 1,536,283 shares of the company’s stock worth $12,967,000 after buying an additional 324,952 shares during the last quarter. Institutional investors and hedge funds own 11.73% of the company’s stock.
About Corporacion America Airports
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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