Corporacion America Airports S.A. $CAAP Shares Purchased by Militia Capital Partners LP

Key Points

• Militia Capital Partners LP increased its stake in Corporacion America Airports by 26.4% in the first quarter, acquiring an additional 33,043 shares, bringing the total to 158,043 shares.
• Research analysts have set a consensus rating of "Buy" on CAAP shares, with an average price target of $23.03, including a recent price target increase from $22.50 to $24.00 by JPMorgan Chase & Co.
• Corporacion America Airports reported a quarterly EPS of $0.30, falling short of analysts' expectations of $0.47, while its revenue exceeded expectations at $476.80 million.

Militia Capital Partners LP raised its stake in Corporacion America Airports S.A. (NYSE:CAAP - Free Report) by 26.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 158,043 shares of the company's stock after acquiring an additional 33,043 shares during the period. Corporacion America Airports makes up 2.3% of Militia Capital Partners LP's portfolio, making the stock its 11th biggest position. Militia Capital Partners LP owned approximately 0.10% of Corporacion America Airports worth $2,892,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in shares of Corporacion America Airports in the first quarter worth $50,000. BNP Paribas Financial Markets raised its position in Corporacion America Airports by 125.4% in the 4th quarter. BNP Paribas Financial Markets now owns 3,102 shares of the company's stock worth $58,000 after buying an additional 1,726 shares during the last quarter. State of Wyoming raised its position in Corporacion America Airports by 199.0% in the 1st quarter. State of Wyoming now owns 9,002 shares of the company's stock worth $165,000 after buying an additional 5,991 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Corporacion America Airports by 6.6% during the 4th quarter. Bank of America Corp DE now owns 13,437 shares of the company's stock valued at $251,000 after acquiring an additional 836 shares during the last quarter. Finally, Trek Financial LLC purchased a new stake in shares of Corporacion America Airports during the 1st quarter valued at about $333,000. 12.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Corporacion America Airports Stock Performance

Shares of CAAP traded down $0.16 during trading hours on Wednesday, reaching $18.95. 51,448 shares of the company traded hands, compared to its average volume of 181,210. Corporacion America Airports S.A. has a 12-month low of $15.01 and a 12-month high of $22.85. The company has a quick ratio of 1.47, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $3.09 billion, a P/E ratio of 22.33, a P/E/G ratio of 0.64 and a beta of 1.49. The business has a fifty day moving average price of $20.42 and a 200-day moving average price of $19.73.

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