Corporacion America Airports (NYSE:CAAP) Shares Up 6.3%

Corporacion America Airports SA (NYSE:CAAP) shares shot up 6.3% on Friday . The stock traded as high as $4.24 and last traded at $4.22, 427,522 shares changed hands during mid-day trading. An increase of 129% from the average session volume of 186,621 shares. The stock had previously closed at $3.97.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Corporacion America Airports from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Oppenheimer cut shares of Corporacion America Airports from an “outperform” rating to a “market perform” rating in a research report on Friday, November 22nd.

The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.00 and a current ratio of 1.02. The business has a fifty day simple moving average of $4.09 and a 200 day simple moving average of $5.95. The company has a market cap of $635.29 million, a P/E ratio of 6.62, a P/E/G ratio of 0.16 and a beta of 1.78.

Institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC increased its holdings in shares of Corporacion America Airports by 820.2% in the 3rd quarter. Barclays PLC now owns 25,765 shares of the company’s stock valued at $117,000 after acquiring an additional 22,965 shares during the last quarter. Northern Trust Corp acquired a new stake in shares of Corporacion America Airports during the 2nd quarter valued at 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. FMR LLC lifted its stake in Corporacion America Airports by 22.7% during the first quarter. FMR LLC now owns 125,824 shares of the company’s stock worth $1,041,000 after purchasing an additional 23,244 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in Corporacion America Airports in the second quarter worth $1,677,000. Institutional investors own 10.98% of the company’s stock.

About Corporacion America Airports (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.

See Also: Why is momentum important to successful trading?

Receive News & Ratings for Corporacion America Airports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corporacion America Airports and related companies with MarketBeat.com's FREE daily email newsletter.