LRT Capital Management LLC Reduces Position in Corporación América Airports S.A. (NYSE:CAAP)

LRT Capital Management LLC lowered its holdings in Corporación América Airports S.A. (NYSE:CAAP - Free Report) by 35.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 95,772 shares of the company's stock after selling 52,940 shares during the quarter. Corporación América Airports makes up 1.4% of LRT Capital Management LLC's portfolio, making the stock its 28th biggest position. LRT Capital Management LLC owned 0.06% of Corporación América Airports worth $1,787,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. BNP Paribas Financial Markets grew its holdings in shares of Corporación América 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 buying an additional 1,726 shares during the last quarter. Sage Investment Counsel LLC purchased a new stake in Corporación América Airports during the fourth quarter worth $187,000. Verity Asset Management Inc. acquired a new stake in shares of Corporación América Airports during the 4th quarter valued at about $245,000. Bank of America Corp DE increased its position in shares of Corporación América Airports by 6.6% in 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 in the last quarter. Finally, Mariner LLC purchased a new position in Corporación América Airports during the fourth quarter valued at $255,000. Hedge funds and other institutional investors own 12.95% of the company's stock.

Corporación América Airports Trading Down 0.1%

Shares of CAAP stock traded down $0.03 during trading hours on Friday, hitting $21.48. The company had a trading volume of 215,367 shares, compared to its average volume of 178,523. The company's fifty day moving average is $18.76 and its 200 day moving average is $18.96. 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 S.A. has a fifty-two week low of $13.97 and a fifty-two week high of $22.13. The stock has a market capitalization of $3.51 billion, a PE ratio of 9.94 and a beta of 1.44.

Corporación América Airports (NYSE:CAAP - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.12). Corporación América Airports had a return on equity of 28.13% and a net margin of 20.78%. The company had revenue of $461.10 million during the quarter, compared to analyst estimates of $373.00 million. Research analysts expect that Corporación América Airports S.A. will post 0.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CAAP. JPMorgan Chase & Co. initiated coverage on shares of Corporación América Airports in a research note on Friday, March 14th. They issued an "overweight" rating and a $22.50 price target on the stock. Itau BBA Securities started 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 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.