Pillsbury Lake Capital LLC Takes Position in Corporacion America Airports S.A. $CAAP

Key Points

• Pillsbury Lake Capital acquired 295,075 shares of Corporacion America Airports, representing about 0.18% of the company and 2% of the investor’s portfolio. Overall, institutional investors and hedge funds own 12.95% of CAAP.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $30.12, above the reported opening price of $24.64.
• CAAP reported quarterly revenue of $534.04 million, exceeding estimates, but earnings per share of $0.32 fell short of the $0.50 consensus. The company also declared a $0.91-per-share dividend, implying a 50.56% payout ratio.

Pillsbury Lake Capital LLC acquired a new position in Corporacion America Airports S.A. (NYSE:CAAP - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 295,075 shares of the company's stock, valued at approximately $7,429,989,000. Corporacion America Airports accounts for 2.0% of Pillsbury Lake Capital LLC's portfolio, making the stock its 27th biggest holding. Pillsbury Lake Capital LLC owned 0.18% of Corporacion America Airports as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CAAP. Leonteq Securities AG purchased a new stake in Corporacion America Airports in the fourth quarter valued at $65,000. State of Wyoming acquired a new stake in Corporacion America Airports during the 2nd quarter worth about $72,000. Van ECK Associates Corp raised its stake in shares of Corporacion America Airports by 119.4% during the 4th quarter. Van ECK Associates Corp now owns 2,808 shares of the company's stock valued at $73,000 after buying an additional 1,528 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in shares of Corporacion America Airports during the 3rd quarter valued at about $88,000. Finally, Quarry LP acquired a new position in shares of Corporacion America Airports in the 3rd quarter valued at about $108,000. 12.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CAAP shares. JPMorgan Chase & Co. upped their target price on Corporacion America Airports from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Monday, June 15th. Weiss Ratings reissued a "buy (b)" rating on shares of Corporacion America Airports in a report on Wednesday, June 24th. Zacks Research upgraded Corporacion America Airports from a "strong sell" rating to a "hold" rating in a research report on Monday, July 6th. Finally, Wall Street Zen cut shares of Corporacion America Airports from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 16th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $30.12.

Corporacion America Airports Stock Performance

NYSE CAAP opened at $24.64 on Thursday. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 0.68 and a beta of 0.70. Corporacion America Airports S.A. has a twelve month low of $17.36 and a twelve month high of $30.50. The company has a current ratio of 1.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.48. The stock has a 50-day moving average of $25.20 and a 200 day moving average of $25.83.

Corporacion America Airports (NYSE:CAAP - Get Free Report) last issued its quarterly earnings data on Tuesday, August 18th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.18). Corporacion America Airports had a net margin of 13.58% and a return on equity of 16.69%. The business had revenue of $534.04 million during the quarter, compared to analyst estimates of $497.52 million. Sell-side analysts anticipate that Corporacion America Airports S.A. will post 2.2 EPS for the current fiscal year.

Corporacion America Airports Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.91 per share. The ex-dividend date is Monday, August 31st. Corporacion America Airports's payout ratio is 50.56%.

About Corporacion America Airports

Corporación América Airports SA operates as a global airport infrastructure and services company, specializing in the development, acquisition and management of airport concessions. Headquartered in Buenos Aires, Argentina, the firm oversees long-term agreements that cover the planning, design, financing and ongoing operation of airport facilities. Its integrated approach aims to enhance operational efficiency and passenger experience through modernized terminals and streamlined processes.

The company's core activities encompass passenger handling, cargo operations and ancillary services such as retail concessions, food and beverage outlets, ground handling, fueling and airport parking.

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