Aberdeen Group plc Boosts Stock Position in Corporacion America Airports S.A. $CAAP

Aberdeen Group plc raised its position in shares of Corporacion America Airports S.A. (NYSE:CAAP) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 421,700 shares of the company’s stock after purchasing an additional 1,400 shares during the quarter. Aberdeen Group plc’s holdings in Corporacion America Airports were worth $8,544,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Helikon Investments Ltd grew its stake in Corporacion America Airports by 92.3% during the 1st quarter. Helikon Investments Ltd now owns 13,622,399 shares of the company’s stock valued at $249,290,000 after purchasing an additional 6,537,641 shares during the last quarter. Fourth Sail Capital LP grew its stake in Corporacion America Airports by 9.0% during the 1st quarter. Fourth Sail Capital LP now owns 1,584,784 shares of the company’s stock valued at $29,002,000 after purchasing an additional 130,702 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Corporacion America Airports by 9.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 933,660 shares of the company’s stock valued at $17,086,000 after purchasing an additional 82,335 shares during the last quarter. Militia Capital Partners LP grew its stake in Corporacion America Airports by 26.4% during the 1st quarter. Militia Capital Partners LP now owns 158,043 shares of the company’s stock valued at $2,892,000 after purchasing an additional 33,043 shares during the last quarter. Finally, LMG Wealth Partners LLC lifted its holdings in shares of Corporacion America Airports by 4.0% in the 1st quarter. LMG Wealth Partners LLC now owns 95,184 shares of the company’s stock valued at $1,742,000 after buying an additional 3,693 shares during the period. Hedge funds and other institutional investors own 12.95% of the company’s stock.

Corporacion America Airports Trading Down 1.7%

Shares of CAAP stock opened at $17.80 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.47. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 0.62 and a beta of 1.44. The stock has a 50 day simple moving average of $19.63 and a 200-day simple moving average of $19.70. Corporacion America Airports S.A. has a 1-year low of $15.01 and a 1-year high of $22.85.

Corporacion America Airports (NYSE:CAAP) last announced its earnings results on Wednesday, August 20th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.17). The business had revenue of $476.80 million for the quarter, compared to analyst estimates of $423.15 million. Corporacion America Airports had a return on equity of 9.06% and a net margin of 7.53%. On average, equities research analysts expect that Corporacion America Airports S.A. will post 0.95 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CAAP has been the subject of several analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Corporacion America Airports in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on Corporacion America Airports from $24.00 to $24.50 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Wall Street Zen raised Corporacion America Airports from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Finally, Zacks Research cut Corporacion America Airports from a “hold” rating to a “strong sell” rating in a report on Monday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.20.

About Corporacion America 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.