Deutsche Bank AG Reduces Stake in Corporación América Airports S.A. (NYSE:CAAP)

Deutsche Bank AG cut its stake in shares of Corporación América Airports S.A. (NYSE:CAAP - Free Report) by 29.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,383 shares of the company's stock after selling 17,103 shares during the quarter. Deutsche Bank AG's holdings in Corporación América Airports were worth $772,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. abrdn plc increased its holdings in shares of Corporación América Airports by 8.7% during the fourth quarter. abrdn plc now owns 366,362 shares of the company's stock valued at $6,880,000 after acquiring an additional 29,462 shares in the last quarter. Verity Asset Management Inc. bought a new stake in Corporación América Airports during the 4th quarter valued at $245,000. Meixler Investment Management Ltd. raised its holdings in Corporación América Airports by 37.5% during the fourth quarter. Meixler Investment Management Ltd. now owns 42,710 shares of the company's stock worth $797,000 after buying an additional 11,659 shares during the last quarter. LMG Wealth Partners LLC raised its holdings in Corporación América Airports by 7.9% during the fourth quarter. LMG Wealth Partners LLC now owns 91,491 shares of the company's stock worth $1,707,000 after buying an additional 6,670 shares during the last quarter. Finally, Sage Investment Counsel LLC acquired a new position in shares of Corporación América Airports during the fourth quarter valued at about $187,000. 12.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CAAP. Bank of America started coverage on shares of Corporación América Airports in a research report on Thursday, May 22nd. They set a "buy" rating and a $24.70 price target on the stock. JPMorgan Chase & Co. started coverage on shares of Corporación América Airports in a research note on Friday, March 14th. They issued an "overweight" rating and a $22.50 price objective for the company. Finally, Itau BBA Securities assumed coverage on Corporación América Airports in a research note on Monday, April 28th. They issued an "outperform" rating and a $20.40 target price on the stock.

Corporación América Airports Stock Performance

Shares of NYSE CAAP traded down $0.11 during trading on Friday, reaching $20.59. 220,451 shares of the stock traded hands, compared to its average volume of 178,068. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.29 and a quick ratio of 1.27. The stock has a market capitalization of $3.36 billion, a P/E ratio of 9.53 and a beta of 1.44. Corporación América Airports S.A. has a 52-week low of $13.97 and a 52-week high of $22.13. The company has a 50-day moving average of $19.29 and a 200-day moving average of $19.10.

Corporación América Airports (NYSE:CAAP - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.26). Corporación América Airports had a net margin of 20.78% and a return on equity of 28.13%. The business had revenue of $446.20 million for the quarter, compared to analysts' expectations of $418.00 million. Analysts forecast that Corporación América Airports S.A. will post 0.95 EPS for the current fiscal year.

About Corporación América Airports

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.