LMG Wealth Partners LLC Increases Holdings in Corporacion America Airports S.A. (NYSE:CAAP)

LMG Wealth Partners LLC grew its holdings in shares of Corporacion America Airports S.A. (NYSE:CAAP) by 4.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,184 shares of the company’s stock after buying an additional 3,693 shares during the period. LMG Wealth Partners LLC’s holdings in Corporacion America Airports were worth $1,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada lifted its holdings in shares of Corporacion America Airports by 48.3% in the 4th quarter. Royal Bank of Canada now owns 887,485 shares of the company’s stock valued at $16,561,000 after purchasing an additional 288,948 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Corporacion America Airports by 111.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 851,325 shares of the company’s stock valued at $15,886,000 after acquiring an additional 448,298 shares during the period. Stokes Family Office LLC increased its position in Corporacion America Airports by 1.8% in the 4th quarter. Stokes Family Office LLC now owns 279,535 shares of the company’s stock valued at $5,216,000 after acquiring an additional 5,000 shares during the period. Millennium Management LLC increased its position in Corporacion America Airports by 899.4% in the 4th quarter. Millennium Management LLC now owns 220,076 shares of the company’s stock valued at $4,107,000 after acquiring an additional 198,056 shares during the period. Finally, Wells Fargo & Company MN increased its position in Corporacion America Airports by 25.6% in the 4th quarter. Wells Fargo & Company MN now owns 83,141 shares of the company’s stock valued at $1,551,000 after acquiring an additional 16,941 shares during the period. 12.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on CAAP. Itau BBA Securities began coverage on Corporacion America Airports in a research report on Monday, April 28th. They issued an “outperform” rating and a $20.40 price target on the stock. Bank of America began coverage on Corporacion America Airports in a research report on Thursday, May 22nd. They issued a “buy” rating and a $24.70 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price target on Corporacion America Airports from $22.50 to $24.00 and gave the company an “overweight” rating in a research report on Wednesday, July 2nd.

Corporacion America Airports Stock Performance

Shares of CAAP stock opened at $19.60 on Wednesday. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 0.66 and a beta of 1.43. The stock has a 50 day simple moving average of $20.47 and a 200-day simple moving average of $19.30. Corporacion America Airports S.A. has a 12-month low of $13.97 and a 12-month high of $22.13. The company has a current ratio of 1.39, a quick ratio of 1.37 and a debt-to-equity ratio of 0.66.

Corporacion America Airports (NYSE:CAAP) last issued its earnings results on Thursday, May 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.26). The business had revenue of $446.20 million for the quarter, compared to analysts’ expectations of $418.00 million. Corporacion America Airports had a return on equity of 9.33% and a net margin of 7.84%. On average, equities analysts forecast that Corporacion America Airports S.A. will post 0.95 EPS for the current year.

Corporacion America Airports Company Profile

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.