Corporación América Airports S.A. (NYSE:CAAP) Position Lifted by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Corporación América Airports S.A. (NYSE:CAAP - Free Report) by 111.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 851,325 shares of the company's stock after buying an additional 448,298 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.52% of Corporación América Airports worth $15,886,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. abrdn plc grew 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 worth $6,880,000 after buying an additional 29,462 shares during the period. Verity Asset Management Inc. acquired a new stake in Corporación América Airports in the 4th quarter valued at $245,000. Meixler Investment Management Ltd. increased its holdings in Corporación América Airports by 37.5% in the 4th quarter. Meixler Investment Management Ltd. now owns 42,710 shares of the company's stock valued at $797,000 after purchasing an additional 11,659 shares in the last quarter. LMG Wealth Partners LLC raised its position in Corporación América Airports by 7.9% in the fourth quarter. LMG Wealth Partners LLC now owns 91,491 shares of the company's stock valued at $1,707,000 after purchasing an additional 6,670 shares during the period. Finally, Sage Investment Counsel LLC acquired a new position in shares of Corporación América Airports during the fourth quarter worth about $187,000. 12.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CAAP has been the topic of several analyst reports. Itau BBA Securities initiated coverage on Corporación América Airports in a report on Monday, April 28th. They set an "outperform" rating and a $20.40 target price on the stock. JPMorgan Chase & Co. assumed coverage on shares of Corporación América Airports in a research note on Friday, March 14th. They set an "overweight" rating and a $22.50 price objective on the stock.

Corporación América Airports Stock Down 1.6%

NYSE:CAAP traded down $0.34 on Wednesday, reaching $21.50. The stock had a trading volume of 42,261 shares, compared to its average volume of 178,642. The company has a 50-day moving average of $18.91 and a 200 day moving average of $19.00. The company has a current ratio of 1.29, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. The stock has a market cap of $3.51 billion, a P/E ratio of 9.95 and a beta of 1.44. Corporación América Airports S.A. has a 12-month low of $13.97 and a 12-month high of $22.13.

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

Corporación América Airports Company Profile

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.