Militia Capital Partners LP Has $2.89 Million Stake in Corporacion America Airports S.A. $CAAP

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 grew its stake in shares of Corporacion America Airports S.A. (NYSE:CAAP - Free Report) by 26.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & 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 accounts for 2.3% of Militia Capital Partners LP's holdings, making the stock its 11th largest position. Militia Capital Partners LP owned about 0.10% of Corporacion America Airports worth $2,892,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its holdings in Corporacion America Airports by 125.4% during the 4th quarter. BNP Paribas Financial Markets now owns 3,102 shares of the company's stock worth $58,000 after purchasing an additional 1,726 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of 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 worth $251,000 after buying an additional 836 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Corporacion America Airports by 111.2% during the fourth 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 in the last quarter. Millennium Management LLC lifted its holdings in shares of 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 buying an additional 198,056 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings 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 worth $16,561,000 after buying an additional 288,948 shares in the last quarter. Institutional investors and hedge funds own 12.95% of the company's stock.

Corporacion America Airports Price Performance

Shares of NYSE CAAP traded down $0.09 during trading hours on Monday, hitting $19.27. 186,878 shares of the stock were exchanged, compared to its average volume of 182,376. The company's fifty day simple moving average is $20.45 and its two-hundred day simple moving average is $19.73. The company has a market cap of $3.14 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 0.64 and a beta of 1.49. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.49. Corporacion America Airports S.A. has a 1-year low of $15.01 and a 1-year high of $22.85.

Corporacion America Airports (NYSE:CAAP - Get Free Report) last released its earnings results on Wednesday, August 20th. The company reported $0.30 earnings per share 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 business had revenue of $476.80 million for the quarter, compared to the consensus estimate of $423.15 million. On average, sell-side analysts predict that Corporacion America Airports S.A. will post 0.95 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.