Mirae Asset Global Investments Co. Ltd. Raises Position in Corporación América Airports S.A. (NYSE:CAAP)

Mirae Asset Global Investments Co. Ltd. boosted its position in Corporación América Airports S.A. (NYSE:CAAP - Free Report) by 45.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 169,767 shares of the company's stock after acquiring an additional 53,034 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.10% of Corporación América Airports worth $2,726,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CAAP. Stratos Wealth Partners LTD. grew its stake in shares of Corporación América Airports by 114.1% during the fourth quarter. Stratos Wealth Partners LTD. now owns 71,939 shares of the company's stock worth $1,155,000 after buying an additional 38,336 shares during the last quarter. GSA Capital Partners LLP grew its stake in shares of Corporación América Airports by 41.4% during the third quarter. GSA Capital Partners LLP now owns 119,289 shares of the company's stock worth $1,591,000 after buying an additional 34,915 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Corporación América Airports by 0.9% during the third quarter. JPMorgan Chase & Co. now owns 730,826 shares of the company's stock worth $9,749,000 after buying an additional 6,200 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of Corporación América Airports during the third quarter worth $54,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Corporación América Airports by 3.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 279,328 shares of the company's stock worth $3,726,000 after buying an additional 10,563 shares during the last quarter. 12.95% of the stock is owned by institutional investors.

Corporación América Airports Trading Up 0.2 %

Shares of Corporación América Airports stock traded up $0.03 during trading on Friday, hitting $16.38. The company's stock had a trading volume of 103,372 shares, compared to its average volume of 144,034. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.09 and a quick ratio of 1.07. Corporación América Airports S.A. has a 52 week low of $10.04 and a 52 week high of $17.85. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 9.45 and a beta of 2.08. The stock has a 50-day moving average price of $15.61 and a two-hundred day moving average price of $14.65.

Corporación América Airports (NYSE:CAAP - Get Free Report) last issued its quarterly earnings data on Wednesday, March 20th. The company reported $0.81 earnings per share for the quarter. Corporación América Airports had a net margin of 17.00% and a return on equity of 30.10%. The company had revenue of $365.00 million for the quarter. Equities research analysts anticipate that Corporación América Airports S.A. will post 1.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Citigroup raised shares of Corporación América Airports from a "neutral" rating to a "buy" rating and set a $21.00 target price on the stock in a research note on Tuesday, January 9th.

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.