Vise Technologies Inc. acquired a new stake in shares of Corporacion America Airports S.A. (NYSE:CAAP - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 79,716 shares of the company's stock, valued at approximately $2,007,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LMG Wealth Partners LLC raised its holdings in shares of Corporacion America Airports by 0.4% in the 1st quarter. LMG Wealth Partners LLC now owns 103,239 shares of the company's stock valued at $2,611,000 after acquiring an additional 407 shares in the last quarter. Thoroughbred Financial Services LLC boosted its position in shares of Corporacion America Airports by 1.0% during the 4th quarter. Thoroughbred Financial Services LLC now owns 46,964 shares of the company's stock valued at $1,221,000 after acquiring an additional 455 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Corporacion America Airports by 10.0% during the third quarter. Rhumbline Advisers now owns 6,600 shares of the company's stock worth $120,000 after purchasing an additional 600 shares in the last quarter. Mariner LLC grew its holdings in shares of Corporacion America Airports by 5.7% during the fourth quarter. Mariner LLC now owns 13,873 shares of the company's stock worth $361,000 after purchasing an additional 746 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec increased its position in shares of Corporacion America Airports by 15.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 5,980 shares of the company's stock worth $155,000 after purchasing an additional 782 shares during the last quarter. 12.95% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on CAAP shares. JPMorgan Chase & Co. raised their target price on shares of Corporacion America Airports from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Monday, June 15th. Zacks Research raised shares of Corporacion America Airports from a "strong sell" rating to a "hold" rating in a research note on Monday, July 6th. Weiss Ratings reissued a "buy (b)" rating on shares of Corporacion America Airports in a report on Wednesday, June 24th. Finally, Wall Street Zen lowered shares of Corporacion America Airports from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 16th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Corporacion America Airports has an average rating of "Moderate Buy" and an average target price of $30.12.
Check Out Our Latest Research Report on CAAP
Corporacion America Airports Price Performance
CAAP opened at $23.61 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.38 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $3.90 billion, a P/E ratio of 13.26, a PEG ratio of 0.63 and a beta of 0.70. The stock has a 50-day moving average price of $25.39 and a 200-day moving average price of $25.95. Corporacion America Airports S.A. has a 12-month low of $17.36 and a 12-month high of $30.50.
Corporacion America Airports (NYSE:CAAP - Get Free Report) last announced its quarterly earnings data on Tuesday, August 18th. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.18). The firm had revenue of $534.04 million for the quarter, compared to analysts' expectations of $497.52 million. Corporacion America Airports had a net margin of 13.58% and a return on equity of 16.69%. Equities analysts predict that Corporacion America Airports S.A. will post 2.2 earnings per share for the current fiscal year.
Corporacion America Airports Announces Dividend
The company also recently announced a dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.91 per share. The ex-dividend date is Monday, August 31st.
Corporacion America Airports Profile
(
Free Report)
Corporación América Airports SA operates as a global airport infrastructure and services company, specializing in the development, acquisition and management of airport concessions. Headquartered in Buenos Aires, Argentina, the firm oversees long-term agreements that cover the planning, design, financing and ongoing operation of airport facilities. Its integrated approach aims to enhance operational efficiency and passenger experience through modernized terminals and streamlined processes.
The company's core activities encompass passenger handling, cargo operations and ancillary services such as retail concessions, food and beverage outlets, ground handling, fueling and airport parking.
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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