Corporación América Airports S.A. (NYSE:CAAP) Shares Acquired by Royal Bank of Canada

Royal Bank of Canada raised its holdings in shares of Corporación América Airports S.A. (NYSE:CAAP - Free Report) by 48.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 887,485 shares of the company's stock after purchasing an additional 288,948 shares during the period. Royal Bank of Canada owned about 0.54% of Corporación América Airports worth $16,561,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Wells Fargo & Company MN raised its position in shares of Corporación América Airports by 25.6% during the 4th quarter. Wells Fargo & Company MN now owns 83,141 shares of the company's stock worth $1,551,000 after purchasing an additional 16,941 shares during the period. abrdn plc grew its stake in Corporación América Airports by 8.7% during the 4th quarter. abrdn plc now owns 366,362 shares of the company's stock worth $6,880,000 after buying an additional 29,462 shares during the last quarter. Stokes Family Office LLC increased its position in Corporación América Airports by 1.8% in the fourth quarter. Stokes Family Office LLC now owns 279,535 shares of the company's stock worth $5,216,000 after buying an additional 5,000 shares during the period. Raymond James Financial Inc. acquired a new stake in Corporación América Airports in the fourth quarter worth $1,189,000. Finally, Mariner LLC bought a new stake in Corporación América Airports in the fourth quarter valued at $255,000. 12.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on CAAP. JPMorgan Chase & Co. initiated coverage on shares of Corporación América Airports in a report on Friday, March 14th. They issued an "overweight" rating and a $22.50 price objective on the stock. Bank of America assumed coverage on shares of Corporación América Airports in a research report on Thursday, May 22nd. They issued a "buy" rating and a $24.70 target price for the company. Finally, Itau BBA Securities initiated coverage on Corporación América Airports in a report on Monday, April 28th. They set an "outperform" rating and a $20.40 price target on the stock.

Corporación América Airports Stock Performance

Shares of NYSE CAAP traded down $0.11 during midday trading on Friday, reaching $20.60. 23,656 shares of the company traded hands, compared to its average volume of 177,304. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 9.56 and a beta of 1.44. The stock has a 50-day moving average price of $19.29 and a 200 day moving average price of $19.10. Corporación América Airports S.A. has a 52 week low of $13.97 and a 52 week high of $22.13. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.29 and a quick ratio of 1.27.

Corporación América Airports (NYSE:CAAP - Get Free Report) last released its quarterly 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). The company had revenue of $446.20 million for the quarter, compared to the consensus estimate of $418.00 million. Corporación América Airports had a return on equity of 28.13% and a net margin of 20.78%. Sell-side analysts anticipate that Corporación América Airports S.A. will post 0.95 earnings per share for the current fiscal year.

Corporación América 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.