Trek Financial LLC Buys Shares of 18,223 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) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 18,223 shares of the company's stock, valued at approximately $333,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its position in shares of Corporacion America Airports by 125.4% in the fourth quarter. BNP Paribas Financial Markets now owns 3,102 shares of the company's stock worth $58,000 after acquiring an additional 1,726 shares in the last quarter. Bank of America Corp DE grew its position in Corporacion America Airports by 6.6% in the fourth 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 in the last quarter. Mariner LLC bought a new stake in Corporacion America Airports in the fourth quarter worth approximately $255,000. PEAK6 LLC bought a new stake in Corporacion America Airports in the fourth quarter worth approximately $278,000. Finally, Bosun Asset Management LLC acquired a new stake 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 Down 3.5%

Corporacion America Airports stock opened at $19.88 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.37. Corporacion America Airports S.A. has a fifty-two week low of $13.97 and a fifty-two week high of $22.13. The company's 50 day simple moving average is $20.45 and its 200 day simple moving average is $19.28. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 0.68 and a beta of 1.43.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CAAP shares. Bank of America assumed coverage on shares of Corporacion America Airports in a research note on Thursday, May 22nd. They issued a "buy" rating and a $24.70 price objective for the company. JPMorgan Chase & Co. raised their price objective on shares of Corporacion America Airports from $22.50 to $24.00 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Finally, Itau BBA Securities began coverage on shares of Corporacion America Airports in a report on Monday, April 28th. They set an "outperform" rating and a $20.40 price objective for the company.

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.

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