Formidable Asset Management LLC Makes New Investment in Corporacion America Airports S.A. (NYSE:CAAP)

Formidable Asset Management LLC purchased a new stake in Corporacion America Airports S.A. (NYSE:CAAP - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 20,620 shares of the company's stock, valued at approximately $377,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets lifted 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 worth $58,000 after acquiring an additional 1,726 shares in the last quarter. Bank of America Corp DE raised its position in shares of 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 buying an additional 836 shares in the last quarter. Mariner LLC purchased a new stake in shares of Corporacion America Airports in the fourth quarter worth $255,000. PEAK6 LLC purchased a new stake in shares of Corporacion America Airports in the fourth quarter worth $278,000. Finally, Bosun Asset Management LLC purchased a new stake in shares of Corporacion America Airports in the fourth quarter worth $313,000. Institutional investors own 12.95% of the company's stock.

Corporacion America Airports Trading Down 0.2%

Shares of Corporacion America Airports stock traded down $0.05 on Tuesday, reaching $19.64. The company had a trading volume of 32,996 shares, compared to its average volume of 189,594. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.37 and a current ratio of 1.39. The firm has a market cap of $3.20 billion, a PE ratio of 22.83, a PEG ratio of 0.66 and a beta of 1.43. The firm's 50 day moving average price is $20.43 and its two-hundred day moving average price is $19.33. Corporacion America Airports S.A. has a 52-week low of $13.97 and a 52-week high of $22.13.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target 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. 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 objective for the company. Finally, Bank of America began coverage on shares of Corporacion America Airports in a research report on Thursday, May 22nd. They set a "buy" rating and a $24.70 target price on the stock.

About Corporacion America 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.