PDT Partners LLC Makes New $576,000 Investment in Corporación América Airports S.A. (NYSE:CAAP)

PDT Partners LLC acquired a new stake in shares of Corporación América Airports S.A. (NYSE:CAAP - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 30,862 shares of the company's stock, valued at approximately $576,000.

Other institutional investors have also bought and sold shares of the company. abrdn plc boosted its stake in Corporación América Airports by 8.7% during the fourth quarter. abrdn plc now owns 366,362 shares of the company's stock valued at $6,880,000 after buying an additional 29,462 shares in the last quarter. Verity Asset Management Inc. acquired a new position in Corporación América Airports in the fourth quarter worth approximately $245,000. Meixler Investment Management Ltd. lifted its position in shares of Corporación América Airports by 37.5% during the 4th quarter. Meixler Investment Management Ltd. now owns 42,710 shares of the company's stock valued at $797,000 after acquiring an additional 11,659 shares during the last quarter. LMG Wealth Partners LLC grew its holdings in shares of Corporación América Airports by 7.9% in the 4th quarter. LMG Wealth Partners LLC now owns 91,491 shares of the company's stock worth $1,707,000 after acquiring an additional 6,670 shares during the last quarter. Finally, Sage Investment Counsel LLC acquired a new position in shares of Corporación América Airports in the 4th quarter valued at $187,000. Institutional investors and hedge funds own 12.95% of the company's stock.

Corporación América Airports Stock Down 0.6 %

Shares of CAAP stock traded down $0.12 during trading on Monday, hitting $19.40. 106,936 shares of the company were exchanged, compared to its average volume of 177,706. The business's 50-day simple moving average is $18.21 and its 200 day simple moving average is $18.79. Corporación América Airports S.A. has a twelve month low of $13.97 and a twelve month high of $20.79. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 8.98 and a beta of 1.44. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 1.29.

Corporación América Airports (NYSE:CAAP - Get Free Report) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.12). The company had revenue of $461.10 million for the quarter, compared to analysts' expectations of $373.00 million. Corporación América Airports had a net margin of 20.78% and a return on equity of 28.13%. As a group, analysts forecast that Corporación América Airports S.A. will post 0.95 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Itau BBA Securities assumed coverage on Corporación América Airports in a report on Monday, April 28th. They set an "outperform" rating and a $20.40 price objective on the stock. JPMorgan Chase & Co. started coverage on Corporación América Airports in a report on Friday, March 14th. They set an "overweight" rating and a $22.50 price target on the stock.

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.