Trek Financial LLC Invests $333,000 in Corporacion America Airports S.A. (NYSE:CAAP)

Trek Financial LLC purchased a new position in shares of Corporacion America Airports S.A. (NYSE:CAAP - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,223 shares of the company's stock, valued at approximately $333,000.

Other institutional investors also recently modified their holdings of the company. Bank of America Corp DE grew its holdings in Corporacion America Airports by 6.6% during the 4th quarter. Bank of America Corp DE now owns 13,437 shares of the company's stock worth $251,000 after acquiring an additional 836 shares during the period. BNP Paribas Financial Markets lifted its position in Corporacion America Airports by 125.4% in the 4th 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. Invst LLC lifted its position in shares of Corporacion America Airports by 8.1% during the 4th quarter. Invst LLC now owns 46,618 shares of the company's stock worth $870,000 after buying an additional 3,494 shares in the last quarter. Stokes Family Office LLC lifted its position in shares of Corporacion America Airports by 1.8% during the 4th 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 in the last quarter. Finally, Mariner LLC bought a new position in shares of Corporacion America Airports during the 4th quarter worth approximately $255,000. 12.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Bank of America began coverage on shares of Corporacion America Airports in a research note on Thursday, May 22nd. They set a "buy" rating and a $24.70 price target for the company. JPMorgan Chase & Co. raised their price target on shares of Corporacion America Airports from $22.50 to $24.00 and gave the company an "overweight" rating in a report on Wednesday, July 2nd. Finally, Itau BBA Securities began coverage on shares of 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.

Corporacion America Airports Trading Down 3.4%

Shares of NYSE CAAP traded down $0.68 during midday trading on Friday, hitting $19.23. 201,867 shares of the company traded hands, compared to its average volume of 175,786. Corporacion America Airports S.A. has a 12-month low of $13.97 and a 12-month high of $22.13. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.37 and a current ratio of 1.39. The stock has a 50-day moving average price of $20.46 and a 200 day moving average price of $19.30. The firm has a market cap of $3.14 billion, a P/E ratio of 22.36, a P/E/G ratio of 0.64 and a beta of 1.43.

Corporacion America Airports (NYSE:CAAP - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $446.20 million for the quarter, compared to analysts' expectations of $418.00 million. As a group, analysts expect that Corporacion America Airports S.A. will post 0.95 earnings per share for the current year.

Corporacion America Airports Company 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.