BlackRock Inc. Buys Shares of 1,509,179 Corporacion America Airports S.A. $CAAP

Key Points

• BlackRock acquired 1,509,179 shares of Corporacion America Airports in the second quarter, valued at approximately $38 million and representing a 0.91% stake.
• Analysts maintain a generally positive outlook, with an average rating of “Moderate Buy” and a consensus price target of $30.12, although recent ratings included both upgrades and downgrades.
• CAAP shares opened at $23.12 after declining 1.5%; the company recently missed quarterly EPS expectations but exceeded revenue forecasts and declared a $0.91 dividend.

BlackRock Inc. bought a new stake in shares of Corporacion America Airports S.A. (NYSE:CAAP - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,509,179 shares of the company's stock, valued at approximately $38,001,000. BlackRock Inc. owned 0.91% of Corporacion America Airports as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. LMG Wealth Partners LLC lifted its stake in Corporacion America Airports by 0.4% in the first quarter. LMG Wealth Partners LLC now owns 103,239 shares of the company's stock valued at $2,611,000 after purchasing an additional 407 shares during the last quarter. Thoroughbred Financial Services LLC grew its holdings in Corporacion America Airports by 1.0% during the fourth quarter. Thoroughbred Financial Services LLC now owns 46,964 shares of the company's stock valued at $1,221,000 after purchasing an additional 455 shares during the period. Rhumbline Advisers increased its position in Corporacion America Airports by 10.0% in the third quarter. Rhumbline Advisers now owns 6,600 shares of the company's stock worth $120,000 after buying an additional 600 shares during the last quarter. Mariner LLC increased its position in Corporacion America Airports by 5.7% in the fourth quarter. Mariner LLC now owns 13,873 shares of the company's stock worth $361,000 after buying an additional 746 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec raised its stake 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 valued at $155,000 after buying an additional 782 shares during the period. Hedge funds and other institutional investors own 12.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Corporacion America Airports in a research report on Wednesday, June 24th. Zacks Research raised Corporacion America Airports from a "strong sell" rating to a "hold" rating in a report on Monday, July 6th. JPMorgan Chase & Co. boosted their price objective on Corporacion America Airports from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Monday, June 15th. Finally, Wall Street Zen downgraded shares of Corporacion America Airports from a "buy" rating to a "hold" rating in a report on Saturday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Corporacion America Airports presently has an average rating of "Moderate Buy" and a consensus target price of $30.12.

Corporacion America Airports Trading Down 1.5%

Shares of CAAP stock opened at $23.12 on Wednesday. The company's fifty day simple moving average is $24.94 and its two-hundred day simple moving average is $25.67. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.51 and a quick ratio of 1.48. Corporacion America Airports S.A. has a 1 year low of $17.36 and a 1 year high of $30.50. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 0.64 and a beta of 0.70.

Corporacion America Airports (NYSE:CAAP - Get Free Report) last posted its earnings results on Tuesday, August 18th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.18). The company had revenue of $534.04 million for the quarter, compared to analysts' expectations of $497.52 million. Corporacion America Airports had a return on equity of 16.69% and a net margin of 13.58%. As a group, analysts anticipate that Corporacion America Airports S.A. will post 2.2 earnings per share for the current year.

Corporacion America Airports Announces Dividend

The company also recently declared a dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 31st will be issued a $0.91 dividend. The ex-dividend date of this dividend is Monday, August 31st. Corporacion America Airports's dividend payout ratio is presently 50.56%.

Corporacion America Airports Profile

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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