Raymond James Financial Inc. Purchases Shares of 63,717 Corporación América Airports S.A. (NYSE:CAAP)

Raymond James Financial Inc. purchased a new stake in Corporación América Airports S.A. (NYSE:CAAP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 63,717 shares of the company's stock, valued at approximately $1,189,000.

A number of other large investors have also recently bought and sold shares of CAAP. Wells Fargo & Company MN raised its stake in shares of Corporación América Airports by 25.6% in the fourth quarter. Wells Fargo & Company MN now owns 83,141 shares of the company's stock worth $1,551,000 after acquiring an additional 16,941 shares during the last quarter. Stokes Family Office LLC boosted its position in Corporación América Airports by 1.8% in the 4th quarter. Stokes Family Office LLC now owns 279,535 shares of the company's stock valued at $5,216,000 after buying an additional 5,000 shares during the last quarter. abrdn plc increased its stake in shares of Corporación América Airports by 8.7% in the 4th quarter. abrdn plc now owns 366,362 shares of the company's stock valued at $6,880,000 after buying an additional 29,462 shares during the period. LMG Wealth Partners LLC raised its position in shares of Corporación América Airports by 7.9% during the fourth quarter. LMG Wealth Partners LLC now owns 91,491 shares of the company's stock worth $1,707,000 after acquiring an additional 6,670 shares during the last quarter. Finally, Metis Global Partners LLC boosted its holdings in Corporación América Airports by 14.8% in the fourth quarter. Metis Global Partners LLC now owns 16,024 shares of the company's stock valued at $299,000 after acquiring an additional 2,066 shares during the last quarter. 12.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on CAAP. JPMorgan Chase & Co. began coverage on shares of Corporación América Airports in a research report on Friday, March 14th. They set an "overweight" rating and a $22.50 target price on the stock. Itau BBA Securities began coverage on shares of Corporación América Airports in a research note on Monday, April 28th. They issued an "outperform" rating and a $20.40 price objective on the stock.

Corporación América Airports Stock Up 0.8 %

Shares of Corporación América Airports stock traded up $0.16 on Wednesday, hitting $19.98. The company had a trading volume of 134,129 shares, compared to its average volume of 177,458. The firm has a market capitalization of $3.26 billion, a P/E ratio of 9.25 and a beta of 1.44. Corporación América Airports S.A. has a twelve month low of $13.97 and a twelve month high of $20.79. The stock has a 50-day moving average of $18.26 and a 200-day moving average of $18.80. 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 (NYSE:CAAP - Get Free Report) last announced its earnings results on Wednesday, March 19th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.12). The firm had revenue of $461.10 million during the quarter, compared to analyst estimates of $373.00 million. Corporación América Airports had a net margin of 20.78% and a return on equity of 28.13%. Research analysts predict that Corporación América Airports S.A. will post 0.95 earnings per share for the current year.

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.