Empowered Funds LLC Buys Shares of 307,559 Corporacion America Airports S.A. $CAAP

Key Points

• Empowered Funds LLC initiated a position in Corporacion America Airports by purchasing 307,559 shares valued at approximately $7.74 million, giving it a 0.19% stake. Institutional investors collectively own 12.95% of CAAP.
• CAAP reported quarterly EPS of $0.32, below the $0.50 consensus estimate, although revenue of $534.04 million exceeded expectations of $497.52 million.
• The company declared a $0.91 per-share dividend payable September 10 to shareholders of record August 31. Analysts maintain a “Moderate Buy” consensus with an average price target of $30.12, versus a recent share price of $24.16.

Empowered Funds LLC purchased a new position in Corporacion America Airports S.A. (NYSE:CAAP - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 307,559 shares of the company's stock, valued at approximately $7,744,000. Empowered Funds LLC owned 0.19% of Corporacion America Airports at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CAAP. Leonteq Securities AG purchased a new stake in Corporacion America Airports in the fourth quarter worth $65,000. State of Wyoming purchased a new position in shares of Corporacion America Airports during the 2nd quarter valued at $72,000. Van ECK Associates Corp lifted its position in shares of Corporacion America Airports by 119.4% during the 4th quarter. Van ECK Associates Corp now owns 2,808 shares of the company's stock valued at $73,000 after buying an additional 1,528 shares during the last quarter. Aquatic Capital Management LLC bought a new position in shares of Corporacion America Airports during the 3rd quarter worth $88,000. Finally, Quarry LP bought a new position in shares of Corporacion America Airports during the 3rd quarter worth $108,000. Hedge funds and other institutional investors own 12.95% of the company's stock.

Corporacion America Airports Price Performance

Shares of NYSE:CAAP opened at $24.16 on Monday. The company has a 50 day moving average of $25.07 and a 200 day moving average of $25.76. The company has a current ratio of 1.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.48. The stock has a market cap of $3.99 billion, a P/E ratio of 13.57, a P/E/G ratio of 0.66 and a beta of 0.70. Corporacion America Airports S.A. has a 12 month low of $17.36 and a 12 month high of $30.50.

Corporacion America Airports (NYSE:CAAP - Get Free Report) last posted its earnings results on Tuesday, August 18th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.18). The firm had revenue of $534.04 million during the quarter, compared to analysts' expectations of $497.52 million. Corporacion America Airports had a return on equity of 16.69% and a net margin of 13.58%. As a group, sell-side analysts forecast that Corporacion America Airports S.A. will post 2.2 EPS for the current fiscal year.

Corporacion America Airports Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be paid a $0.91 dividend. The ex-dividend date is Monday, August 31st.

Wall Street Analyst Weigh In

CAAP has been the topic of a number of research reports. Zacks Research upgraded Corporacion America Airports from a "strong sell" rating to a "hold" rating in a research note on Monday, July 6th. JPMorgan Chase & Co. increased their target price on shares of Corporacion America Airports from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Monday, June 15th. Wall Street Zen downgraded shares of Corporacion America Airports from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Corporacion America Airports in a research note on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $30.12.

Corporacion America Airports Profile

Corporación América Airports SA operates as a global airport infrastructure and services company, specializing in the development, acquisition and management of airport concessions. Headquartered in Buenos Aires, Argentina, the firm oversees long-term agreements that cover the planning, design, financing and ongoing operation of airport facilities. Its integrated approach aims to enhance operational efficiency and passenger experience through modernized terminals and streamlined processes.

The company's core activities encompass passenger handling, cargo operations and ancillary services such as retail concessions, food and beverage outlets, ground handling, fueling and airport parking.

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