Corporacion America Airports SA (NYSE:CAAP) Short Interest Update

Corporacion America Airports SA (NYSE:CAAP) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 282,800 shares, a drop of 29.1% from the September 30th total of 399,100 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 298,200 shares, the days-to-cover ratio is currently 0.9 days.

CAAP has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Corporacion America Airports from a “sell” rating to a “hold” rating in a research note on Monday. ValuEngine raised shares of Corporacion America Airports from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.

A number of institutional investors have recently added to or reduced their stakes in CAAP. JPMorgan Chase & Co. acquired a new stake in Corporacion America Airports in the 2nd quarter valued at $1,677,000. BlackRock Inc. grew its stake in Corporacion America Airports by 28.4% in the 2nd quarter. BlackRock Inc. now owns 822,592 shares of the company’s stock valued at $6,638,000 after acquiring an additional 182,140 shares during the period. River & Mercantile Asset Management LLP grew its stake in Corporacion America Airports by 17.6% in the 3rd quarter. River & Mercantile Asset Management LLP now owns 1,160,461 shares of the company’s stock valued at $5,228,000 after acquiring an additional 173,466 shares during the period. Northern Trust Corp acquired a new stake in Corporacion America Airports in the 2nd quarter valued at $291,000. Finally, FMR LLC grew its stake in Corporacion America Airports by 22.7% in the 1st quarter. FMR LLC now owns 125,824 shares of the company’s stock valued at $1,041,000 after acquiring an additional 23,244 shares during the period. 11.29% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE CAAP traded down $0.01 during midday trading on Thursday, reaching $3.87. 154,000 shares of the stock were exchanged, compared to its average volume of 175,296. The firm has a market cap of $656.09 million, a price-to-earnings ratio of 96.75, a PEG ratio of 0.26 and a beta of 1.71. Corporacion America Airports has a twelve month low of $3.81 and a twelve month high of $8.81. The firm has a 50-day simple moving average of $4.31 and a two-hundred day simple moving average of $6.37. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.74.

Corporacion America Airports (NYSE:CAAP) last issued its quarterly earnings data on Friday, August 23rd. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.50. The business had revenue of $412.56 million for the quarter, compared to analysts’ expectations of $366.20 million. Corporacion America Airports had a net margin of 7.01% and a return on equity of 8.66%. Research analysts expect that Corporacion America Airports will post 0.5 EPS for the current fiscal year.

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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