Corporación América Airports S.A. (NYSE:CAAP – Get Free Report)’s stock price rose 6.5% during trading on Thursday . The company traded as high as $17.24 and last traded at $17.24. Approximately 116,697 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 141,310 shares. The stock had previously closed at $16.19.
Analysts Set New Price Targets
Separately, Citigroup raised shares of Corporación América Airports from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Tuesday, January 9th.
View Our Latest Analysis on CAAP
Corporación América Airports Stock Performance
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of CAAP. Goldman Sachs Group Inc. grew its position in shares of Corporación América Airports by 24.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,462,145 shares of the company’s stock valued at $38,773,000 after buying an additional 1,286,918 shares during the last quarter. BlackRock Inc. acquired a new stake in Corporación América Airports during the 1st quarter worth $4,986,000. JPMorgan Chase & Co. acquired a new stake in Corporación América Airports during the 1st quarter worth $2,296,000. State Street Corp acquired a new stake in Corporación América Airports during the 1st quarter worth $2,779,000. Finally, TT International Asset Management LTD acquired a new stake in Corporación América Airports during the 4th quarter worth $2,332,000. 12.95% of the stock is owned by hedge funds and other institutional investors.
About Corporación América Airports
Corporación América Airports SA, through its subsidiaries, acquires, develops, and operates airport concessions. It operates 53 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.
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