IQ EQ FUND MANAGEMENT IRELAND Ltd Makes New Investment in 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 position in shares of Corporacion America Airports S.A. (NYSE:CAAP - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 31,038 shares of the company's stock, valued at approximately $568,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CAAP. Wells Fargo & Company MN boosted its position in shares of Corporacion America Airports by 25.6% during the 4th quarter. Wells Fargo & Company MN now owns 83,141 shares of the company's stock worth $1,551,000 after acquiring an additional 16,941 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Corporacion America Airports during the 4th quarter worth about $1,189,000. Mariner LLC acquired a new position in shares of Corporacion America Airports during the 4th quarter worth about $255,000. PEAK6 LLC acquired a new position in shares of Corporacion America Airports during the 4th quarter worth about $278,000. Finally, Covalis Capital LLP acquired a new position in shares of Corporacion America Airports during the 4th quarter worth about $682,000. 12.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Corporacion America Airports Stock Performance

Shares of CAAP stock traded down $0.02 during trading hours on Friday, reaching $20.98. 56,787 shares of the company's stock were exchanged, compared to its average volume of 101,210. The company has a market cap of $3.43 billion, a P/E ratio of 24.40, a price-to-earnings-growth ratio of 0.70 and a beta of 1.37. The company's 50 day moving average is $20.08 and its two-hundred day moving average is $19.44. Corporacion America Airports S.A. has a 1 year low of $14.00 and a 1 year 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.

Corporacion America Airports (NYSE:CAAP - Get Free Report) last issued its earnings results on Thursday, May 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.26). The business 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%. Equities research analysts anticipate that Corporacion America Airports S.A. will post 0.95 EPS for the current fiscal year.

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.