Logistic Properties of the Americas (NYSEAMERICAN:LPA) Trading Down 1.2% - Time to Sell?

Key Points

• Logistic Properties of the Americas (LPA) stock is currently trading at $6.41, down 1.2% from its previous close at $6.49, with trading volume significantly below average.
• The company has a market capitalization of $203 million and a PE ratio of 27.87, indicating its valuation compared to earnings.
• Hedge funds and institutional investors own approximately 42.71% of LPA stock, with recent significant purchases made by firms like JPMorgan Chase and Goldman Sachs.

Logistic Properties of the Americas (NYSEAMERICAN:LPA - ) traded down 1.2% during mid-day trading on Tuesday . The stock traded as low as $6.31 and last traded at $6.41. 8,500 shares were traded during mid-day trading, a decline of 33% from the average session volume of 12,689 shares. The stock had previously closed at $6.49.

Logistic Properties of the Americas Stock Down 1.2%

The company's fifty day simple moving average is $6.54 and its 200-day simple moving average is $7.53. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market capitalization of $203.00 million, a PE ratio of 27.87 and a beta of 6.24.

Hedge Funds Weigh In On Logistic Properties of the Americas

Several institutional investors and hedge funds have recently bought and sold shares of LPA. JPMorgan Chase & Co. purchased a new position in Logistic Properties of the Americas in the second quarter worth $25,000. New York State Common Retirement Fund purchased a new stake in shares of Logistic Properties of the Americas during the second quarter valued at $98,000. Goldman Sachs Group Inc. grew its holdings in shares of Logistic Properties of the Americas by 24.3% during the first quarter. Goldman Sachs Group Inc. now owns 23,762 shares of the company's stock valued at $212,000 after buying an additional 4,645 shares during the last quarter. Finally, Geode Capital Management LLC purchased a new stake in shares of Logistic Properties of the Americas during the second quarter valued at $275,000. 42.71% of the stock is owned by hedge funds and other institutional investors.

About Logistic Properties of the Americas

Logistic Properties of the Americas develops, builds and operates logistic real estate properties. It operates through the following geographical segments: Colombia, Peru, and Costa Rica. The company is headquartered in Miami, FL.

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