MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $17.09 Million Stake in Corporacion America Airports S.A. $CAAP

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Corporacion America Airports by 9.7%, acquiring an additional 82,335 shares, bringing its total holdings to approximately 933,660 shares valued at $17.1 million.
• Various other institutional investors, including BNP Paribas Financial Markets and Millennium Management LLC, significantly increased their positions in Corporacion America Airports, reflecting growing interest in the company.
• Analysts have a consensus “Buy” rating for CAAP stock, with a targeted price ranging from $24.00 to $24.70, signaling confidence in the company's growth potential despite recent earnings miss.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Corporacion America Airports S.A. (NYSE:CAAP - Free Report) by 9.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 933,660 shares of the company's stock after purchasing an additional 82,335 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.57% of Corporacion America Airports worth $17,086,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE lifted its position in Corporacion America Airports by 6.6% in the fourth quarter. Bank of America Corp DE now owns 13,437 shares of the company's stock worth $251,000 after purchasing an additional 836 shares during the period. BNP Paribas Financial Markets lifted its position in Corporacion America Airports by 125.4% in the fourth quarter. BNP Paribas Financial Markets now owns 3,102 shares of the company's stock worth $58,000 after purchasing an additional 1,726 shares during the period. Malaga Cove Capital LLC grew its position in Corporacion America Airports by 4.1% in the first quarter. Malaga Cove Capital LLC now owns 47,862 shares of the company's stock valued at $876,000 after acquiring an additional 1,901 shares during the period. Quantbot Technologies LP bought a new stake in Corporacion America Airports in the first quarter valued at $50,000. Finally, Invst LLC grew its position in Corporacion America Airports by 8.1% in the fourth quarter. Invst LLC now owns 46,618 shares of the company's stock valued at $870,000 after acquiring an additional 3,494 shares during the period. 12.95% of the stock is owned by institutional investors.

Corporacion America Airports Price Performance

Corporacion America Airports stock traded down $0.63 on Friday, reaching $19.35. The company's stock had a trading volume of 159,734 shares, compared to its average volume of 214,176. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.49. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 0.64 and a beta of 1.49. The business's fifty day moving average price is $20.48 and its 200 day moving average price is $19.72. Corporacion America Airports S.A. has a twelve month low of $15.01 and a twelve month high of $22.85.

Corporacion America Airports (NYSE:CAAP - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.17). Corporacion America Airports had a return on equity of 9.06% and a net margin of 7.53%.The business had revenue of $476.80 million during the quarter, compared to analyst estimates of $423.15 million. Equities analysts expect that Corporacion America Airports S.A. will post 0.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CAAP shares. JPMorgan Chase & Co. upped their price target on Corporacion America Airports from $22.50 to $24.00 and gave the company an "overweight" rating in a research report on Wednesday, July 2nd. Bank of America started coverage on Corporacion America Airports in a research report on Thursday, May 22nd. They issued a "buy" rating and a $24.70 price target on the stock. Finally, Wall Street Zen upgraded Corporacion America Airports from a "hold" rating to a "buy" rating in a research report on Saturday. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price 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.