JPMorgan Chase & Co. Begins Coverage on Corporación América Airports (NYSE:CAAP)

JPMorgan Chase & Co. assumed coverage on shares of Corporación América Airports (NYSE:CAAP) in a research note released on Friday, Marketbeat.com reports. The brokerage issued an overweight rating and a $22.50 target price on the stock.

Corporación América Airports Stock Up 2.8 %

CAAP stock opened at $18.43 on Friday. The stock has a market cap of $3.01 billion, a P/E ratio of 8.53 and a beta of 1.97. The company has a current ratio of 1.29, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. Corporación América Airports has a twelve month low of $13.97 and a twelve month high of $20.79. The company’s 50 day moving average is $18.95 and its two-hundred day moving average is $18.47.

Hedge Funds Weigh In On Corporación América Airports

Several hedge funds have recently made changes to their positions in CAAP. Bank of America Corp DE boosted its position in shares of Corporación América Airports by 6.6% in the 4th quarter. Bank of America Corp DE now owns 13,437 shares of the company’s stock valued at $251,000 after purchasing an additional 836 shares during the period. BNP Paribas Financial Markets lifted its stake in Corporación América Airports by 125.4% in the fourth quarter. BNP Paribas Financial Markets now owns 3,102 shares of the company’s stock valued at $58,000 after buying an additional 1,726 shares during the last quarter. Metis Global Partners LLC boosted its holdings in shares of Corporación América Airports by 14.8% in the fourth quarter. Metis Global Partners LLC now owns 16,024 shares of the company’s stock valued at $299,000 after acquiring an additional 2,066 shares during the period. Invst LLC grew its position in shares of Corporación América Airports by 8.1% during the fourth quarter. Invst LLC now owns 46,618 shares of the company’s stock worth $870,000 after acquiring an additional 3,494 shares during the last quarter. Finally, Stokes Family Office LLC raised its position in Corporación América Airports by 1.8% in the 4th quarter. Stokes Family Office LLC now owns 279,535 shares of the company’s stock valued at $5,216,000 after purchasing an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 12.95% of the company’s stock.

Corporación América Airports Company Profile

Corporación América Airports SA, through its subsidiaries, acquires, develops, and operates airport concessions. It operates 52 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.