Fourth Sail Capital LP raised its stake in shares of Corporacion America Airports S.A. (NYSE:CAAP - Free Report) by 9.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,584,784 shares of the company's stock after purchasing an additional 130,702 shares during the quarter. Corporacion America Airports makes up about 6.8% of Fourth Sail Capital LP's holdings, making the stock its 2nd biggest holding. Fourth Sail Capital LP owned about 0.97% of Corporacion America Airports worth $29,002,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN grew its position in shares of Corporacion America Airports by 25.6% in the 4th quarter. Wells Fargo & Company MN now owns 83,141 shares of the company's stock worth $1,551,000 after buying an additional 16,941 shares during the period. BNP Paribas Financial Markets boosted its stake in Corporacion America Airports by 125.4% during the fourth quarter. BNP Paribas Financial Markets now owns 3,102 shares of the company's stock worth $58,000 after acquiring an additional 1,726 shares in the last quarter. Bank of America Corp DE grew its holdings 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. Millennium Management LLC increased its stake in shares of Corporacion America Airports by 899.4% during the fourth quarter. Millennium Management LLC now owns 220,076 shares of the company's stock valued at $4,107,000 after purchasing an additional 198,056 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Corporacion America Airports during the fourth quarter valued at approximately $1,189,000. 12.95% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on CAAP. JPMorgan Chase & Co. boosted their price target on Corporacion America Airports from $22.50 to $24.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 2nd. Bank of America initiated coverage on Corporacion America Airports in a report on Thursday, May 22nd. They issued a "buy" rating and a $24.70 target price on the stock. Finally, Itau BBA Securities assumed coverage on Corporacion America Airports in a research note on Monday, April 28th. They issued an "outperform" rating and a $20.40 target price on the stock.
Check Out Our Latest Stock Analysis on Corporacion America Airports
Corporacion America Airports Stock Performance
NYSE:CAAP traded down $0.02 during mid-day trading on Friday, reaching $20.98. The company's stock had a trading volume of 56,787 shares, compared to its average volume of 180,963. The company has a current ratio of 1.39, a quick ratio of 1.37 and a debt-to-equity ratio of 0.66. The stock has a market cap of $3.43 billion, a P/E ratio of 24.40, a PEG ratio of 0.69 and a beta of 1.37. The firm's fifty day moving average price is $20.08 and its two-hundred day moving average price is $19.44. Corporacion America Airports S.A. has a 12-month low of $14.00 and a 12-month high of $22.13.
Corporacion America Airports (NYSE:CAAP - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.26). The company had revenue of $446.20 million for the quarter, compared to analysts' expectations of $418.00 million. Corporacion America Airports had a net margin of 7.84% and a return on equity of 9.33%. On average, equities analysts forecast that Corporacion America Airports S.A. will post 0.95 EPS for the current fiscal year.
Corporacion America Airports Profile
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Free Report)
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.
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