Helikon Investments Ltd Grows Stock 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 grew its position in shares of Corporacion America Airports S.A. (NYSE:CAAP - Free Report) by 92.3% in the 1st quarter, according to the company in 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 comprises 19.1% of Helikon Investments Ltd's holdings, making the stock its largest holding. Helikon Investments Ltd owned 8.35% of Corporacion America Airports worth $249,290,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. BNP Paribas Financial Markets boosted its position in shares of Corporacion America Airports by 125.4% during the fourth quarter. BNP Paribas Financial Markets now owns 3,102 shares of the company's stock valued at $58,000 after buying an additional 1,726 shares during the last quarter. Bank of America Corp DE lifted its holdings in Corporacion America Airports by 6.6% during the fourth 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 during the period. Mariner LLC bought a new stake in Corporacion America Airports during the fourth quarter worth $255,000. PEAK6 LLC bought a new stake in Corporacion America Airports during the fourth quarter worth $278,000. Finally, Bosun Asset Management LLC bought a new stake in Corporacion America Airports during the fourth quarter worth $313,000. Hedge funds and other institutional investors own 12.95% of the company's stock.

Corporacion America Airports Stock Performance

Shares of NYSE CAAP traded up $0.20 during trading on Wednesday, reaching $21.78. 38,618 shares of the stock traded hands, compared to its average volume of 178,650. Corporacion America Airports S.A. has a 52-week low of $14.00 and a 52-week high of $22.13. 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 company has a 50-day moving average of $20.11 and a 200-day moving average of $19.46. The stock has a market capitalization of $3.55 billion, a P/E ratio of 25.32, a price-to-earnings-growth ratio of 0.70 and a beta of 1.37.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Bank of America assumed coverage on Corporacion America Airports in a report on Thursday, May 22nd. They set a "buy" rating and a $24.70 price target on the stock. Itau BBA Securities started coverage on Corporacion America Airports in a research report on Monday, April 28th. They set an "outperform" rating and a $20.40 price target on the stock. Finally, 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.

Corporacion America Airports 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.