IQ EQ FUND MANAGEMENT IRELAND Ltd Purchases 3,190 Shares of Corporacion America Airports S.A. $CAAP

IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in Corporacion America Airports S.A. (NYSE:CAAP) by 10.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,228 shares of the company’s stock after acquiring an additional 3,190 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Corporacion America Airports were worth $693,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Aberdeen Group plc raised its holdings in shares of Corporacion America Airports by 0.3% in the 2nd quarter. Aberdeen Group plc now owns 421,700 shares of the company’s stock valued at $8,544,000 after purchasing an additional 1,400 shares in the last quarter. Malaga Cove Capital LLC boosted its stake in shares of Corporacion America Airports by 4.1% during the first quarter. Malaga Cove Capital LLC now owns 47,862 shares of the company’s stock valued at $876,000 after purchasing an additional 1,901 shares in the last quarter. Quantbot Technologies LP purchased a new position in Corporacion America Airports during the first quarter valued at approximately $50,000. LMG Wealth Partners LLC increased its holdings in Corporacion America Airports by 3.0% during the second quarter. LMG Wealth Partners LLC now owns 98,050 shares of the company’s stock valued at $1,986,000 after buying an additional 2,866 shares during the period. Finally, Ping Capital Management Inc. raised its stake in Corporacion America Airports by 17.2% in the first quarter. Ping Capital Management Inc. now owns 34,000 shares of the company’s stock worth $622,000 after buying an additional 5,000 shares in the last quarter. 12.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CAAP has been the topic of several recent research reports. JPMorgan Chase & Co. increased their target price on Corporacion America Airports from $24.00 to $24.50 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Corporacion America Airports in a research report on Wednesday, October 8th. Zacks Research lowered Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. Finally, Wall Street Zen upgraded shares of Corporacion America Airports from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Four 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 currently has an average rating of “Moderate Buy” and an average price target of $23.20.

Corporacion America Airports Stock Performance

Shares of CAAP opened at $22.06 on Thursday. Corporacion America Airports S.A. has a 12 month low of $15.01 and a 12 month high of $22.85. The stock has a fifty day moving average price of $19.29 and a 200-day moving average price of $19.86. The company has a current ratio of 1.49, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66. The firm has a market cap of $3.60 billion, a PE ratio of 25.95, a P/E/G ratio of 0.77 and a beta of 1.44.

Corporacion America Airports (NYSE:CAAP) last announced its earnings results on Wednesday, August 20th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $476.80 million for the quarter, compared to analyst estimates of $423.15 million. Equities research analysts predict that Corporacion America Airports S.A. will post 0.95 earnings per share for the current fiscal year.

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.