Millennium Management LLC lifted its position in shares of Corporación América Airports S.A. (NYSE:CAAP - Free Report) by 899.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 220,076 shares of the company's stock after buying an additional 198,056 shares during the period. Millennium Management LLC owned about 0.13% of Corporación América Airports worth $4,107,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE grew its stake in shares of Corporación América Airports by 6.6% in the fourth quarter. Bank of America Corp DE now owns 13,437 shares of the company's stock valued at $251,000 after buying an additional 836 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Corporación América Airports by 125.4% in the fourth quarter. BNP Paribas Financial Markets now owns 3,102 shares of the company's stock valued at $58,000 after acquiring an additional 1,726 shares in the last quarter. Metis Global Partners LLC raised its position in shares of Corporación América Airports by 14.8% in the fourth quarter. Metis Global Partners LLC now owns 16,024 shares of the company's stock valued at $299,000 after buying an additional 2,066 shares in the last quarter. Stokes Family Office LLC lifted its position in shares of Corporación América Airports by 1.8% during the 4th quarter. Stokes Family Office LLC now owns 279,535 shares of the company's stock valued at $5,216,000 after acquiring an additional 5,000 shares during the period. Finally, LMG Wealth Partners LLC grew its stake in Corporación América Airports by 7.9% during the fourth quarter. LMG Wealth Partners LLC now owns 91,491 shares of the company's stock worth $1,707,000 after buying an additional 6,670 shares in the last quarter. 12.95% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts recently weighed in on the company. Itau BBA Securities began coverage on Corporación América Airports in a research report on Monday, April 28th. They set an "outperform" rating and a $20.40 price objective for the company. JPMorgan Chase & Co. began coverage on shares of Corporación América Airports in a research report on Friday, March 14th. They set an "overweight" rating and a $22.50 target price for the company. Finally, Bank of America began coverage on Corporación América Airports in a research report on Thursday, May 22nd. They set a "buy" rating and a $24.70 target price on the stock.
Check Out Our Latest Stock Analysis on Corporación América Airports
Corporación América Airports Stock Up 0.4%
CAAP traded up $0.08 during mid-day trading on Tuesday, reaching $20.62. 114,232 shares of the stock were exchanged, compared to its average volume of 177,330. Corporación América Airports S.A. has a 1 year low of $13.97 and a 1 year high of $22.13. The stock has a market capitalization of $3.36 billion, a PE ratio of 9.54 and a beta of 1.44. The company has a 50 day moving average price of $19.39 and a two-hundred day moving average price of $19.14. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 1.29.
Corporación América Airports (NYSE:CAAP - Get Free Report) last released its earnings results on Thursday, May 22nd. The company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.26). Corporación América Airports had a return on equity of 28.13% and a net margin of 20.78%. The business had revenue of $446.20 million for the quarter, compared to the consensus estimate of $418.00 million. As a group, research analysts anticipate that Corporación América Airports S.A. will post 0.95 EPS for the current year.
About Corporación América Airports
(
Free Report)
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.
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