Corporacion America Airports (CAAP) Rating Increased to Hold at Zacks Investment Research
Corporacion America Airports (NYSE:CAAP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Monday.
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 $8.22 on Monday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.28 and a current ratio of 1.31. Corporacion America Airports has a one year low of $7.83 and a one year high of $17.99. The firm has a market cap of $1.46 billion and a P/E ratio of 17.49.
Several institutional investors have recently added to or reduced their stakes in CAAP. CI Investments Inc. purchased a new position in Corporacion America Airports in the first quarter worth about $6,149,000. BlackRock Inc. purchased a new position in Corporacion America Airports in the first quarter worth about $14,948,000. RWC Asset Management LLP purchased a new position in Corporacion America Airports in the first quarter worth about $49,856,000. Barings LLC boosted its position in Corporacion America Airports by 3.9% in the second quarter. Barings LLC now owns 230,794 shares of the company’s stock worth $1,948,000 after purchasing an additional 8,570 shares during the last quarter. Finally, Makaira Partners LLC purchased a new position in Corporacion America Airports in the first quarter worth about $11,987,000. 13.31% of the stock is currently owned by institutional investors.
Corporacion America Airports Company Profile
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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