Corporacion America Airports (NYSE:CAAP) Lowered to Hold at Zacks Investment Research

Corporacion America Airports (NYSE:CAAP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks.com reports.

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. “

Several other brokerages have also recently issued reports on CAAP. ValuEngine upgraded Corporacion America Airports from a “hold” rating to a “buy” rating in a report on Wednesday. Goldman Sachs Group cut Corporacion America Airports from a “buy” rating to a “neutral” rating in a report on Wednesday.

Shares of CAAP traded down $0.09 during trading hours on Thursday, hitting $2.06. 350,847 shares of the stock were exchanged, compared to its average volume of 306,535. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.00 and a current ratio of 1.02. Corporacion America Airports has a 12-month low of $1.61 and a 12-month high of $8.48. The company has a market cap of $316.84 million, a price-to-earnings ratio of 17.17 and a beta of 2.50. The stock’s 50-day moving average price is $3.20 and its two-hundred day moving average price is $4.47.

Corporacion America Airports (NYSE:CAAP) last issued its quarterly earnings results on Monday, April 6th. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.42). Corporacion America Airports had a return on equity of 7.64% and a net margin of 6.10%. The firm had revenue of $380.10 million for the quarter.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Newtyn Management LLC grew its holdings in shares of Corporacion America Airports by 7.5% during the 4th quarter. Newtyn Management LLC now owns 2,200,000 shares of the company’s stock worth $13,200,000 after purchasing an additional 154,000 shares during the period. Marathon Asset Management LP grew its holdings in shares of Corporacion America Airports by 9.3% during the 4th quarter. Marathon Asset Management LP now owns 465,584 shares of the company’s stock worth $2,794,000 after purchasing an additional 39,584 shares during the period. State Street Corp grew its holdings in shares of Corporacion America Airports by 6.4% during the 4th quarter. State Street Corp now owns 278,132 shares of the company’s stock worth $1,669,000 after purchasing an additional 16,684 shares during the period. Westpac Banking Corp grew its holdings in shares of Corporacion America Airports by 2.3% during the 4th quarter. Westpac Banking Corp now owns 223,288 shares of the company’s stock worth $1,340,000 after purchasing an additional 5,000 shares during the period. Finally, Oxford Asset Management LLP grew its holdings in shares of Corporacion America Airports by 134.0% during the 4th quarter. Oxford Asset Management LLP now owns 144,710 shares of the company’s stock worth $868,000 after purchasing an additional 82,881 shares during the period. Institutional investors and hedge funds own 7.68% 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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