Yorktown Management & Research Co Inc Invests $276,000 in Corporacion America Airports S.A. $CAAP

Yorktown Management & Research Co Inc acquired a new position in shares of Corporacion America Airports S.A. (NYSE:CAAP) during the 2nd quarter, Holdings Channel reports. The firm acquired 13,600 shares of the company’s stock, valued at approximately $276,000.

Other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Corporacion America Airports during the 1st quarter worth about $50,000. State of Wyoming increased its stake in shares of Corporacion America Airports by 199.0% during the 1st quarter. State of Wyoming now owns 9,002 shares of the company’s stock worth $165,000 after purchasing an additional 5,991 shares during the last quarter. Trek Financial LLC acquired a new position in shares of Corporacion America Airports during the 1st quarter worth about $333,000. Formidable Asset Management LLC acquired a new position in shares of Corporacion America Airports during the 1st quarter worth about $377,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in shares of Corporacion America Airports during the 1st quarter worth about $568,000. 12.95% of the stock is currently owned by institutional investors and hedge funds.

Corporacion America Airports Stock Up 1.8%

Shares of CAAP opened at $22.00 on Wednesday. Corporacion America Airports S.A. has a 52 week low of $15.01 and a 52 week high of $22.85. The firm has a market cap of $3.59 billion, a P/E ratio of 25.88, a price-to-earnings-growth ratio of 0.75 and a beta of 1.44. The firm’s 50-day simple moving average is $19.26 and its 200 day simple moving average is $19.83. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.49.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CAAP. Wall Street Zen upgraded shares of Corporacion America Airports from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. JPMorgan Chase & Co. boosted their price objective on shares of Corporacion America Airports from $24.00 to $24.50 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Zacks Research lowered shares of Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Corporacion America Airports in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Corporacion America Airports 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.