Short Interest in Corporación América Airports S.A. (NYSE:CAAP) Drops By 6.0%

Corporación América Airports S.A. (NYSE:CAAP) saw a significant drop in short interest in August. As of August 15th, there was short interest totalling 1,420,000 shares, a drop of 6.0% from the July 31st total of 1,510,000 shares. Currently, 4.8% of the shares of the stock are short sold. Based on an average trading volume of 150,400 shares, the short-interest ratio is currently 9.4 days.

Institutional Trading of Corporación América Airports

Several hedge funds have recently made changes to their positions in the business. Invst LLC purchased a new position in shares of Corporación América Airports in the 4th quarter worth approximately $195,000. Fourth Sail Capital LP purchased a new position in Corporación América Airports during the first quarter worth $1,175,000. Activest Wealth Management bought a new position in Corporación América Airports during the first quarter valued at $37,000. Stokes Family Office LLC raised its stake in shares of Corporación América Airports by 1.5% in the first quarter. Stokes Family Office LLC now owns 293,272 shares of the company’s stock valued at $4,927,000 after acquiring an additional 4,320 shares during the period. Finally, Meixler Investment Management Ltd. purchased a new stake in shares of Corporación América Airports in the first quarter valued at $402,000. 12.95% of the stock is currently owned by hedge funds and other institutional investors.

Corporación América Airports Stock Down 4.8 %

Shares of CAAP opened at $14.34 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.32 and a debt-to-equity ratio of 0.75. Corporación América Airports has a 1 year low of $10.57 and a 1 year high of $18.89. The business’s 50 day simple moving average is $16.05 and its 200-day simple moving average is $16.45.

Corporación América Airports (NYSE:CAAP) last announced its quarterly earnings results on Wednesday, August 21st. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.02). Corporación América Airports had a return on equity of 33.87% and a net margin of 22.57%. The business had revenue of $416.20 million during the quarter. During the same quarter in the previous year, the company earned $0.43 EPS. Equities research analysts anticipate that Corporación América Airports will post 0.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Citigroup lifted their target price on Corporación América Airports from $21.00 to $21.50 and gave the stock a “buy” rating in a report on Monday, June 3rd.

About Corporación América Airports

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.