Corporacion America Airports S.A. $CAAP Position Increased by Bosun Asset Management LLC

Key Points

• Bosun Asset Management LLC has increased its stake in Corporacion America Airports S.A. by 95.7%, acquiring an additional 16,058 shares, bringing its total holdings to 32,844 shares valued at $601,000.
• Corporacion America Airports reported a quarterly earnings per share of $0.30, missing the consensus estimate of $0.47, despite exceeding revenue expectations with $476.80 million for the quarter.
• The stock has a current average target price of $23.03 and is rated as a "Buy" by several brokerages, with Bank of America setting a target price of $24.70.

Bosun Asset Management LLC lifted its stake in shares of Corporacion America Airports S.A. (NYSE:CAAP - Free Report) by 95.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,844 shares of the company's stock after acquiring an additional 16,058 shares during the period. Bosun Asset Management LLC's holdings in Corporacion America Airports were worth $601,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CAAP. State of Wyoming lifted its holdings in shares of Corporacion America Airports by 199.0% during the 1st quarter. State of Wyoming now owns 9,002 shares of the company's stock worth $165,000 after acquiring an additional 5,991 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Corporacion America Airports during the 1st quarter valued at about $50,000. Aberdeen Group plc lifted its position in shares of Corporacion America Airports by 14.7% during the first quarter. Aberdeen Group plc now owns 420,300 shares of the company's stock worth $7,691,000 after purchasing an additional 53,938 shares in the last quarter. Helikon Investments Ltd lifted its holdings in Corporacion America Airports by 92.3% in the 1st quarter. Helikon Investments Ltd now owns 13,622,399 shares of the company's stock worth $249,290,000 after buying an additional 6,537,641 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in Corporacion America Airports by 12.3% in the first quarter. Deutsche Bank AG now owns 46,476 shares of the company's stock valued at $851,000 after purchasing an additional 5,093 shares during the last quarter. 12.95% of the stock is owned by hedge funds and other institutional investors.

Corporacion America Airports Price Performance

NYSE:CAAP traded down $2.52 during midday trading on Monday, hitting $18.92. 676,603 shares of the stock were exchanged, compared to its average volume of 180,671. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 22.25, a P/E/G ratio of 0.71 and a beta of 1.49. The company has a current ratio of 1.49, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66. Corporacion America Airports S.A. has a one year low of $14.69 and a one year high of $22.85. The business has a 50-day moving average price of $20.58 and a two-hundred day moving average price of $19.69.

Corporacion America Airports (NYSE:CAAP - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The company reported $0.30 earnings per share (EPS) 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 firm had revenue of $476.80 million for the quarter, compared to analyst estimates of $423.15 million. Sell-side analysts predict that Corporacion America Airports S.A. will post 0.95 EPS for the current year.

Wall Street Analyst Weigh In

CAAP has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Corporacion America Airports from $22.50 to $24.00 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Bank of America initiated coverage on Corporacion America Airports in a research note on Thursday, May 22nd. They issued a "buy" rating and a $24.70 target price on the stock. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $23.03.

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.