Corporación América Airports (NYSE:CAAP) Stock Price Up 6.5%

Corporación América Airports S.A. (NYSE:CAAP)’s stock price rose 6.5% during trading on Thursday . The company traded as high as $17.24 and last traded at $17.24. Approximately 116,697 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 141,310 shares. The stock had previously closed at $16.19.

Analysts Set New Price Targets

Separately, Citigroup raised shares of Corporación América Airports from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Tuesday, January 9th.

Corporación América Airports Stock Performance

The stock’s 50-day simple moving average is $15.35 and its 200 day simple moving average is $14.32. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.07 and a current ratio of 1.09. The company has a market capitalization of $2.74 billion, a PE ratio of 10.00 and a beta of 2.07.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CAAP. Goldman Sachs Group Inc. grew its position in shares of Corporación América Airports by 24.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,462,145 shares of the company’s stock valued at $38,773,000 after buying an additional 1,286,918 shares during the last quarter. BlackRock Inc. acquired a new stake in Corporación América Airports during the 1st quarter worth $4,986,000. JPMorgan Chase & Co. acquired a new stake in Corporación América Airports during the 1st quarter worth $2,296,000. State Street Corp acquired a new stake in Corporación América Airports during the 1st quarter worth $2,779,000. Finally, TT International Asset Management LTD acquired a new stake in Corporación América Airports during the 4th quarter worth $2,332,000. 12.95% of the stock is owned by hedge funds and other institutional investors.

About Corporación América Airports

Corporación América Airports SA, through its subsidiaries, acquires, develops, and operates airport concessions. It operates 53 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.