Helikon Investments Ltd Boosts Position in Corporacion America Airports S.A. (NYSE:CAAP)

Key Points

• Helikon Investments Ltd has significantly increased its holdings in Corporacion America Airports S.A. by 92.3%, now owning approximately 13.6 million shares, making it the company's largest stakeholder.
• Despite reporting earnings per share of $0.25 that missed estimates by $0.26, the company had revenues exceeding expectations at $446.20 million for the most recent quarter.
• Analysts are optimistic about the company, with Bank of America issuing a buy rating and a price target of $24.70, while JPMorgan Chase increased their target price from $22.50 to $24.00.

Helikon Investments Ltd raised its position in Corporacion America Airports S.A. (NYSE:CAAP - Free Report) by 92.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,622,399 shares of the company's stock after acquiring an additional 6,537,641 shares during the quarter. Corporacion America Airports accounts for about 19.1% of Helikon Investments Ltd's investment portfolio, making the stock its largest holding. Helikon Investments Ltd owned approximately 8.35% of Corporacion America Airports worth $249,290,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CAAP. BNP Paribas Financial Markets raised its holdings 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 valued at $58,000 after acquiring an additional 1,726 shares in the last quarter. Bank of America Corp DE grew its position in shares of Corporacion America Airports by 6.6% in the 4th quarter. Bank of America Corp DE now owns 13,437 shares of the company's stock worth $251,000 after acquiring an additional 836 shares in the last quarter. Mariner LLC acquired a new position in shares of Corporacion America Airports in the 4th quarter worth approximately $255,000. PEAK6 LLC acquired a new position in shares of Corporacion America Airports in the 4th quarter worth approximately $278,000. Finally, Bosun Asset Management LLC bought a new position in Corporacion America Airports during the fourth quarter worth $313,000. Institutional investors and hedge funds own 12.95% of the company's stock.

Corporacion America Airports Stock Performance

CAAP traded down $0.02 during trading hours on Friday, hitting $20.98. 56,787 shares of the stock were exchanged, compared to its average volume of 93,955. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.37. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 24.40, a price-to-earnings-growth ratio of 0.70 and a beta of 1.37. Corporacion America Airports S.A. has a 12 month low of $14.00 and a 12 month high of $22.13. The stock has a 50-day simple moving average of $20.08 and a 200-day simple moving average of $19.43.

Corporacion America Airports (NYSE:CAAP - Get Free Report) last posted its earnings results on Thursday, May 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.26). The company had revenue of $446.20 million during the quarter, compared to the consensus estimate of $418.00 million. Corporacion America Airports had a net margin of 7.84% and a return on equity of 9.33%. Analysts anticipate that Corporacion America Airports S.A. will post 0.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CAAP shares. JPMorgan Chase & Co. raised their price objective on Corporacion America Airports from $22.50 to $24.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 2nd. Bank of America started coverage on Corporacion America Airports in a research note on Thursday, May 22nd. They set a "buy" rating and a $24.70 price objective on the stock. Finally, Itau BBA Securities started coverage on Corporacion America Airports in a research note on Monday, April 28th. They set an "outperform" rating and a $20.40 price objective on the stock.

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.