295,075 Shares in Corporacion America Airports S.A. $CAAP Acquired by Pillsbury Lake Capital LLC

Key Points

• Pillsbury Lake Capital LLC acquired 295,075 shares of Corporacion America Airports, valued at approximately $7.43 million, giving it a 0.18% stake. Overall, hedge funds and institutional investors own 12.95% of the company.
• Analyst sentiment remains favorable, with four Buy ratings and two Hold ratings, an overall “Moderate Buy” consensus, and an average price target of $30.12.
• CAAP shares recently traded at $24.16, while the company’s latest quarterly earnings of $0.32 per share missed estimates despite revenue of $534.04 million exceeding expectations; it also declared a $0.91 dividend.

Pillsbury Lake Capital LLC bought a new position in shares of Corporacion America Airports S.A. (NYSE:CAAP - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 295,075 shares of the company's stock, valued at approximately $7,429,989. Corporacion America Airports makes up about 0.0% of Pillsbury Lake Capital LLC's holdings, making the stock its 27th biggest position. Pillsbury Lake Capital LLC owned about 0.18% of Corporacion America Airports as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. LMG Wealth Partners LLC lifted its stake in Corporacion America Airports by 0.4% in the first quarter. LMG Wealth Partners LLC now owns 103,239 shares of the company's stock worth $2,611,000 after acquiring an additional 407 shares during the period. Thoroughbred Financial Services LLC raised its stake in Corporacion America Airports by 1.0% during the fourth quarter. Thoroughbred Financial Services LLC now owns 46,964 shares of the company's stock worth $1,221,000 after purchasing an additional 455 shares during the period. Rhumbline Advisers boosted its position in shares of Corporacion America Airports by 10.0% during the 3rd quarter. Rhumbline Advisers now owns 6,600 shares of the company's stock worth $120,000 after acquiring an additional 600 shares in the last quarter. Mariner LLC grew its stake in shares of Corporacion America Airports by 5.7% during the 4th quarter. Mariner LLC now owns 13,873 shares of the company's stock worth $361,000 after purchasing an additional 746 shares during the period. Finally, Federation des caisses Desjardins du Quebec increased its stake in Corporacion America Airports by 15.0% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 5,980 shares of the company's stock worth $155,000 after acquiring an additional 782 shares during the last quarter. 12.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Corporacion America Airports Trading Down 0.1%

Shares of NYSE CAAP traded down $0.02 during mid-day trading on Friday, hitting $24.16. The company's stock had a trading volume of 203,608 shares, compared to its average volume of 239,198. The company's fifty day simple moving average is $25.13 and its 200-day simple moving average is $25.80. Corporacion America Airports S.A. has a one year low of $17.36 and a one year high of $30.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.51 and a quick ratio of 1.48. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 0.67 and a beta of 0.70.

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

Corporacion America Airports Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 31st will be paid a $0.91 dividend. The ex-dividend date of this dividend is Monday, August 31st.

Corporacion America Airports Profile

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.