Invst LLC Sells 13,067 Shares of Corporacion America Airports S.A. $CAAP

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 decreased its holdings 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 disclosure with the Securities and Exchange Commission. The fund owned 33,551 shares of the company's stock after selling 13,067 shares during the quarter. Invst LLC's holdings in Corporacion America Airports were worth $614,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of Corporacion America Airports in the first quarter worth approximately $50,000. BNP Paribas Financial Markets lifted its holdings 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 valued at $58,000 after purchasing an additional 1,726 shares in the last quarter. State of Wyoming lifted its holdings in Corporacion America Airports by 199.0% during the first quarter. State of Wyoming now owns 9,002 shares of the company's stock valued at $165,000 after purchasing an additional 5,991 shares in the last quarter. Bank of America Corp DE lifted its holdings in Corporacion America Airports by 6.6% during the fourth quarter. Bank of America Corp DE now owns 13,437 shares of the company's stock valued at $251,000 after purchasing an additional 836 shares in the last quarter. Finally, Trek Financial LLC purchased a new position in Corporacion America Airports during the first quarter valued at approximately $333,000. Hedge funds and other institutional investors own 12.95% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Wall Street Zen raised shares of Corporacion America Airports from a "hold" rating to a "buy" rating in a report on Saturday. JPMorgan Chase & Co. lifted their price target on shares of Corporacion America Airports from $22.50 to $24.00 and gave the company an "overweight" rating in a report on Wednesday, July 2nd. Finally, Bank of America assumed coverage on shares of Corporacion America Airports in a report on Thursday, May 22nd. They set a "buy" rating and a $24.70 price target on the stock. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $23.03.

Corporacion America Airports Price Performance

Shares of CAAP stock traded down $0.09 during mid-day trading on Monday, hitting $19.27. The company had a trading volume of 186,878 shares, compared to its average volume of 214,176. Corporacion America Airports S.A. has a 52-week low of $15.01 and a 52-week high of $22.85. The stock's 50 day moving average price is $20.45 and its 200-day moving average price is $19.73. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.47. The company has a market capitalization of $3.14 billion, a P/E ratio of 22.66, a P/E/G ratio of 0.64 and a beta of 1.49.

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

Corporacion America Airports Profile

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.