RWC Asset Management LLP Sells 45,510 Shares of Corporacion America Airports S.A. (NYSE:CAAP)

Key Points

• RWC Asset Management LLP has reduced its position in Corporacion America Airports by 32.1%, now owning approximately 0.06% of the company worth $1.76 million after selling 45,510 shares.
• Several hedge funds have increased their stakes in Corporacion America Airports, with Millennium Management LLC raising its stake by an astonishing 899.4% during the 4th quarter.
• Analysts are optimistic about the stock, with JPMorgan Chase & Co. raising its price target from $22.50 to $24.00 and issuing an "overweight" rating for the company.

RWC Asset Management LLP trimmed its stake in shares of Corporacion America Airports S.A. (NYSE:CAAP - Free Report) by 32.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,307 shares of the company's stock after selling 45,510 shares during the quarter. RWC Asset Management LLP owned approximately 0.06% of Corporacion America Airports worth $1,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets boosted its position in shares of Corporacion America Airports by 125.4% during the fourth quarter. BNP Paribas Financial Markets now owns 3,102 shares of the company's stock valued at $58,000 after purchasing an additional 1,726 shares in the last quarter. Bank of America Corp DE raised its stake in 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 valued at $251,000 after buying an additional 836 shares during the last quarter. Mariner LLC purchased a new position in Corporacion America Airports during the fourth quarter valued at $255,000. PEAK6 LLC purchased a new position in Corporacion America Airports during the fourth quarter valued at $278,000. Finally, Bosun Asset Management LLC purchased a new position in shares of Corporacion America Airports in the fourth quarter worth $313,000. 12.95% of the stock is currently owned by institutional investors.

Corporacion America Airports Stock Performance

CAAP stock traded down $0.02 during trading on Thursday, reaching $19.84. The stock had a trading volume of 50,548 shares, compared to its average volume of 185,170. Corporacion America Airports S.A. has a 52 week low of $13.97 and a 52 week high of $22.13. The stock's 50 day moving average is $20.17 and its two-hundred day moving average is $19.37. The company has a current ratio of 1.39, a quick ratio of 1.37 and a debt-to-equity ratio of 0.66. The firm has a market cap of $3.24 billion, a PE ratio of 23.10, a PEG ratio of 0.68 and a beta of 1.43.

Corporacion America Airports (NYSE:CAAP - Get Free Report) last posted its earnings results on Thursday, May 22nd. The company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by ($0.26). Corporacion America Airports had a net margin of 7.84% and a return on equity of 9.33%. The firm had revenue of $446.20 million during the quarter, compared to the consensus estimate of $418.00 million. As a group, equities analysts anticipate that Corporacion America Airports S.A. will post 0.95 earnings per share for the current year.

Analysts Set New Price Targets

CAAP has been the subject of several recent analyst reports. Itau BBA Securities initiated coverage on Corporacion America Airports in a research note on Monday, April 28th. They issued an "outperform" rating and a $20.40 price target for the company. Bank of America initiated coverage on Corporacion America Airports in a research note on Thursday, May 22nd. They issued a "buy" rating and a $24.70 price target for the company. Finally, JPMorgan Chase & Co. boosted their price target on Corporacion America Airports from $22.50 to $24.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 2nd.

About Corporacion America Airports

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.