Mirae Asset Global Investments Co. Ltd. Acquires 53,034 Shares of Corporación América Airports S.A. (NYSE:CAAP)

Mirae Asset Global Investments Co. Ltd. raised its holdings in Corporación América Airports S.A. (NYSE:CAAP) by 45.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 169,767 shares of the company’s stock after buying an additional 53,034 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.10% of Corporación América Airports worth $2,726,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its stake in shares of Corporación América Airports by 831.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,366 shares of the company’s stock valued at $27,000 after purchasing an additional 2,112 shares during the period. BNP Paribas Arbitrage SNC lifted its stake in shares of Corporación América Airports by 989.3% in the 2nd quarter. BNP Paribas Arbitrage SNC now owns 4,357 shares of the company’s stock valued at $50,000 after purchasing an additional 3,957 shares during the period. Qube Research & Technologies Ltd purchased a new position in shares of Corporación América Airports in the 3rd quarter valued at approximately $54,000. Quantbot Technologies LP purchased a new position in shares of Corporación América Airports in the 3rd quarter valued at approximately $55,000. Finally, Millennium Management LLC purchased a new position in shares of Corporación América Airports in the 4th quarter valued at approximately $159,000. Hedge funds and other institutional investors own 12.95% of the company’s stock.

Analysts Set New Price Targets

Separately, Citigroup upgraded Corporación América Airports from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Tuesday, January 9th.

Corporación América Airports Stock Down 0.3 %

Shares of NYSE:CAAP opened at $16.35 on Friday. The stock has a fifty day simple moving average of $15.61 and a two-hundred day simple moving average of $14.65. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 9.45 and a beta of 2.08. Corporación América Airports S.A. has a 12-month low of $10.04 and a 12-month high of $17.85. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 1.41.

Corporación América Airports (NYSE:CAAP) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $0.81 earnings per share (EPS) for the quarter. The business had revenue of $365.00 million during the quarter. Corporación América Airports had a return on equity of 30.10% and a net margin of 17.00%. On average, research analysts anticipate that Corporación América Airports S.A. will post 1.55 earnings per share for the current fiscal year.

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.