IQ EQ FUND MANAGEMENT IRELAND Ltd Purchases Shares of 31,038 Corporacion America Airports S.A. (NYSE:CAAP)

Key Points

• IQ EQ Fund Management Ireland Ltd has taken a new position in Corporacion America Airports S.A., purchasing 31,038 shares valued at approximately $568,000 in the first quarter.
• Corporacion America Airports recently reported earnings of $0.25 per share, missing analysts' estimates of $0.51, despite generating revenue of $446.20 million compared to a consensus of $418.00 million.
• Several hedge funds have modified their stakes in Corporacion America Airports, with Bank of America Corp DE and BNP Paribas Financial Markets increasing their holdings significantly during the fourth quarter.

IQ EQ FUND MANAGEMENT IRELAND Ltd bought 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 13F filing with the Securities and Exchange Commission (SEC). The fund bought 31,038 shares of the company's stock, valued at approximately $568,000.

Other large investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Corporacion America Airports by 111.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 851,325 shares of the company's stock worth $15,886,000 after buying an additional 448,298 shares during the period. Royal Bank of Canada lifted its position in shares of Corporacion America Airports by 48.3% during the fourth quarter. Royal Bank of Canada now owns 887,485 shares of the company's stock valued at $16,561,000 after purchasing an additional 288,948 shares in the last quarter. Millennium Management LLC boosted its holdings in Corporacion America Airports by 899.4% during the fourth quarter. Millennium Management LLC now owns 220,076 shares of the company's stock worth $4,107,000 after purchasing an additional 198,056 shares during the last quarter. Empirical Finance LLC bought a new stake in Corporacion America Airports in the 1st quarter worth about $1,631,000. Finally, Raymond James Financial Inc. purchased a new stake in Corporacion America Airports in the 4th quarter valued at about $1,189,000. 12.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CAAP has been the subject of several recent analyst reports. Bank of America began coverage on Corporacion America Airports in a report on Thursday, May 22nd. They issued a "buy" rating and a $24.70 target price for the company. JPMorgan Chase & Co. upped their price objective on Corporacion America Airports from $22.50 to $24.00 and gave the company an "overweight" rating in a research note on Wednesday, July 2nd. Finally, Itau BBA Securities began coverage on Corporacion America Airports in a research note on Monday, April 28th. They set an "outperform" rating and a $20.40 target price on the stock.

Corporacion America Airports Stock Performance

Shares of CAAP traded up $0.18 during mid-day trading on Thursday, hitting $20.99. The stock had a trading volume of 70,352 shares, compared to its average volume of 103,957. Corporacion America Airports S.A. has a 52 week low of $14.00 and a 52 week high of $22.13. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.37. The business has a fifty day moving average price of $20.07 and a 200-day moving average price of $19.43. The firm has a market cap of $3.43 billion, a P/E ratio of 24.41, a PEG ratio of 0.69 and a beta of 1.37.

Corporacion America Airports (NYSE:CAAP - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.26). The business had revenue of $446.20 million during the quarter, compared to the consensus estimate of $418.00 million. Corporacion America Airports had a net margin of 7.84% and a return on equity of 9.33%. On average, equities research analysts expect that Corporacion America Airports S.A. will post 0.95 EPS 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.