Corporacion America Airports S.A. $CAAP Holdings Trimmed by Invst LLC

Key Points

• Invst LLC reduced its stake in Corporacion America Airports S.A. by 28% in the first quarter, now holding 33,551 shares worth approximately $614,000.
• Several institutional investors have increased their holdings in CAAP, with State of Wyoming growing its stake by 199% in the same period.
• Analysts have given Corporacion America Airports a consensus "Buy" rating with a target price of $23.03, as it continues to outperform revenue expectations despite missing EPS estimates.

Invst LLC lessened its position in Corporacion America Airports S.A. (NYSE:CAAP - Free Report) by 28.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,551 shares of the company's stock after selling 13,067 shares during the period. Invst LLC's holdings in Corporacion America Airports were worth $614,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Helikon Investments Ltd raised its holdings in shares of Corporacion America Airports by 92.3% during the first quarter. Helikon Investments Ltd now owns 13,622,399 shares of the company's stock valued at $249,290,000 after buying an additional 6,537,641 shares during the last quarter. Fourth Sail Capital LP increased its position in Corporacion America Airports by 9.0% in the 1st quarter. Fourth Sail Capital LP now owns 1,584,784 shares of the company's stock valued at $29,002,000 after acquiring an additional 130,702 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Corporacion America Airports by 9.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 933,660 shares of the company's stock valued at $17,086,000 after acquiring an additional 82,335 shares in the last quarter. Royal Bank of Canada boosted its position in Corporacion America Airports by 48.3% during the 4th quarter. Royal Bank of Canada now owns 887,485 shares of the company's stock worth $16,561,000 after acquiring an additional 288,948 shares during the period. Finally, Aberdeen Group plc grew its stake in shares of Corporacion America Airports by 14.7% in the first quarter. Aberdeen Group plc now owns 420,300 shares of the company's stock worth $7,691,000 after purchasing an additional 53,938 shares in the last quarter. 12.95% of the stock is owned by institutional investors and hedge funds.

Corporacion America Airports Price Performance

Corporacion America Airports stock traded down $0.49 during mid-day trading on Thursday, hitting $18.31. The company's stock had a trading volume of 149,677 shares, compared to its average volume of 181,468. The stock has a market capitalization of $2.99 billion, a P/E ratio of 21.51, a P/E/G ratio of 0.63 and a beta of 1.49. Corporacion America Airports S.A. has a twelve month low of $15.01 and a twelve month high of $22.85. The stock's fifty day moving average price is $20.40 and its two-hundred day moving average price is $19.72. The company has a quick ratio of 1.47, a current ratio of 1.49 and a debt-to-equity ratio of 0.66.

Corporacion America Airports (NYSE:CAAP - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.17). The company had revenue of $476.80 million for the quarter, compared to analyst estimates of $423.15 million. Corporacion America Airports had a net margin of 7.53% and a return on equity of 9.06%. Research analysts forecast that Corporacion America Airports S.A. will post 0.95 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wall Street Zen raised Corporacion America Airports from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Bank of America assumed coverage on shares of Corporacion America Airports in a research note on Thursday, May 22nd. They set a "buy" rating and a $24.70 target price on the stock. Finally, JPMorgan Chase & Co. boosted their price target on shares of Corporacion America Airports from $24.00 to $24.50 and gave the stock an "overweight" rating in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $23.20.

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.