Aberdeen Group plc Grows Position in Corporacion America Airports S.A. $CAAP

Key Points

• Aberdeen Group plc increased its holdings in Corporacion America Airports by 14.7%, acquiring an additional 53,938 shares, bringing its total to 420,300 shares worth approximately $7.69 million.
• Several hedge funds have made significant changes to their positions, including BNP Paribas Financial Markets, which boosted its stake by 125.4% in the fourth quarter.
• Corporacion America Airports reported earnings per share (EPS) of $0.30 for the last quarter, missing estimates by $0.17, but exceeding revenue expectations with $476.80 million.

Aberdeen Group plc grew its holdings in Corporacion America Airports S.A. (NYSE:CAAP - Free Report) by 14.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 420,300 shares of the company's stock after acquiring an additional 53,938 shares during the quarter. Aberdeen Group plc owned 0.26% of Corporacion America Airports worth $7,691,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Wells Fargo & Company MN lifted its position in Corporacion America Airports by 25.6% in the fourth quarter. Wells Fargo & Company MN now owns 83,141 shares of the company's stock worth $1,551,000 after purchasing an additional 16,941 shares during the period. Raymond James Financial Inc. bought a new position in Corporacion America Airports in the fourth quarter worth $1,189,000. Mariner LLC acquired a new position in Corporacion America Airports during the fourth quarter worth $255,000. Susquehanna Fundamental Investments LLC acquired a new position in Corporacion America Airports during the fourth quarter worth $549,000. Finally, PDT Partners LLC acquired a new position in Corporacion America Airports during the fourth quarter worth $576,000. 12.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CAAP has been the subject of a number of research reports. JPMorgan Chase & Co. raised their target price on Corporacion America Airports from $22.50 to $24.00 and gave the company an "overweight" rating in a research note on Wednesday, July 2nd. Bank of America assumed coverage on Corporacion America Airports in a research report on Thursday, May 22nd. They issued a "buy" rating and a $24.70 price objective for the company. Finally, Itau BBA Securities assumed coverage on Corporacion America Airports in a research report on Monday, April 28th. They issued an "outperform" rating and a $20.40 price objective for the company. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $23.03.

Corporacion America Airports Stock Performance

Shares of NYSE:CAAP traded up $0.10 during midday trading on Tuesday, reaching $20.93. 273,064 shares of the company traded hands, compared to its average volume of 118,500. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 0.69 and a beta of 1.37. The company has a quick ratio of 1.47, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. The firm's fifty day moving average price is $20.37 and its two-hundred day moving average price is $19.57. Corporacion America Airports S.A. has a 12 month low of $14.12 and a 12 month high of $22.85.

Corporacion America Airports (NYSE:CAAP - Get Free Report) last issued its earnings results on Wednesday, August 20th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.17). Corporacion America Airports had a net margin of 7.53% and a return on equity of 9.06%. The company had revenue of $476.80 million for the quarter, compared to analysts' expectations of $423.15 million. On average, equities analysts expect that Corporacion America Airports S.A. will post 0.95 earnings per share for the current year.

Corporacion America 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.