Wells Fargo & Company MN Has $1.55 Million Holdings in Corporación América Airports S.A. (NYSE:CAAP)

Wells Fargo & Company MN lifted its position in shares of Corporación América Airports S.A. (NYSE:CAAP - Free Report) by 25.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,141 shares of the company's stock after acquiring an additional 16,941 shares during the quarter. Wells Fargo & Company MN owned 0.05% of Corporación América Airports worth $1,551,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp raised its holdings in shares of Corporación América Airports by 6.8% in the third quarter. State Street Corp now owns 266,233 shares of the company's stock worth $4,648,000 after acquiring an additional 16,838 shares during the last quarter. abrdn plc grew its position in Corporación América Airports by 8.7% during the fourth quarter. abrdn plc now owns 366,362 shares of the company's stock valued at $6,880,000 after acquiring an additional 29,462 shares during the period. Stokes Family Office LLC increased its stake in Corporación América Airports by 1.8% during the fourth quarter. Stokes Family Office LLC now owns 279,535 shares of the company's stock worth $5,216,000 after acquiring an additional 5,000 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Corporación América Airports in the fourth quarter valued at approximately $1,189,000. Finally, LMG Wealth Partners LLC lifted its holdings in shares of Corporación América Airports by 7.9% during the 4th quarter. LMG Wealth Partners LLC now owns 91,491 shares of the company's stock valued at $1,707,000 after acquiring an additional 6,670 shares in the last quarter. Institutional investors and hedge funds own 12.95% of the company's stock.

Analysts Set New Price Targets

CAAP has been the subject of a number of analyst reports. Itau BBA Securities started coverage on Corporación América Airports in a report on Monday. They issued an "outperform" rating and a $20.40 price target for the company. JPMorgan Chase & Co. assumed coverage on Corporación América Airports in a research report on Friday, March 14th. They issued an "overweight" rating and a $22.50 target price for the company.

Corporación América Airports Stock Performance

Shares of Corporación América Airports stock traded up $0.28 during trading on Friday, hitting $19.49. 13,932 shares of the stock were exchanged, compared to its average volume of 177,457. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 1.29. The stock's fifty day moving average is $18.19 and its 200 day moving average is $18.77. The stock has a market cap of $3.18 billion, a PE ratio of 9.02 and a beta of 1.58. Corporación América Airports S.A. has a 12 month low of $13.97 and a 12 month high of $20.79.

Corporación América Airports (NYSE:CAAP - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.12). The business had revenue of $461.10 million during the quarter, compared to the consensus estimate of $373.00 million. Corporación América Airports had a return on equity of 28.13% and a net margin of 20.78%. As a group, sell-side analysts anticipate that Corporación América Airports S.A. will post 0.95 EPS 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.