Corporación América Airports S.A. (NYSE:CAAP) Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Corporación América Airports S.A. (NYSE:CAAP) by 111.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 851,325 shares of the company’s stock after acquiring an additional 448,298 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.52% of Corporación América Airports worth $15,886,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets grew its stake in Corporación América Airports by 125.4% during the 4th quarter. BNP Paribas Financial Markets now owns 3,102 shares of the company’s stock valued at $58,000 after purchasing an additional 1,726 shares during the last quarter. Sage Investment Counsel LLC acquired a new stake in shares of Corporación América Airports during the fourth quarter worth about $187,000. Verity Asset Management Inc. acquired a new stake in shares of Corporación América Airports during the fourth quarter worth about $245,000. Bank of America Corp DE boosted its position in 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 during the last quarter. Finally, Mariner LLC acquired a new position in Corporación América Airports in the 4th quarter worth approximately $255,000. Institutional investors and hedge funds own 12.95% of the company’s stock.

Corporación América Airports Stock Down 1.3%

Shares of CAAP stock opened at $21.49 on Friday. Corporación América Airports S.A. has a twelve month low of $13.97 and a twelve month high of $22.13. The stock has a market cap of $3.51 billion, a P/E ratio of 9.95 and a beta of 1.44. The stock has a 50 day moving average of $18.69 and a 200 day moving average of $18.94. The company has a current ratio of 1.29, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71.

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

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Itau BBA Securities began coverage on shares of Corporación América Airports in a research note on Monday, April 28th. They set an “outperform” rating and a $20.40 price objective for the company. 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 for the company.

About Corporación América 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.