Aberdeen Group plc Purchases 53,938 Shares of Corporacion America Airports S.A. $CAAP

Aberdeen Group plc grew its position in Corporacion America Airports S.A. (NYSE:CAAP) by 14.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 420,300 shares of the company’s stock after purchasing an additional 53,938 shares during the quarter. Aberdeen Group plc owned approximately 0.26% of Corporacion America Airports worth $7,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. BNP Paribas Financial Markets boosted its position in shares of Corporacion America Airports by 125.4% in the fourth quarter. BNP Paribas Financial Markets now owns 3,102 shares of the company’s stock worth $58,000 after purchasing an additional 1,726 shares during the period. Bank of America Corp DE boosted its position in shares of Corporacion America Airports by 6.6% in the fourth quarter. Bank of America Corp DE now owns 13,437 shares of the company’s stock worth $251,000 after purchasing an additional 836 shares during the period. Mariner LLC bought a new position in shares of Corporacion America Airports in the fourth quarter worth approximately $255,000. Bosun Asset Management LLC bought a new position in shares of Corporacion America Airports in the fourth quarter worth approximately $313,000. Finally, Trek Financial LLC bought a new position in shares of Corporacion America Airports in the first quarter worth approximately $333,000. 12.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on CAAP. Itau BBA Securities began coverage on shares of Corporacion America Airports in a research report on Monday, April 28th. They issued an “outperform” rating and a $20.40 price target for the company. Bank of America initiated coverage on shares of Corporacion America Airports in a research report on Thursday, May 22nd. They set a “buy” rating and a $24.70 target price for the company. Finally, JPMorgan Chase & Co. upped their target price on shares of Corporacion America Airports from $22.50 to $24.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 2nd. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $23.03.

Corporacion America Airports Price Performance

Shares of NYSE:CAAP opened at $20.68 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.37 and a current ratio of 1.39. The firm has a fifty day moving average price of $20.22 and a 200 day moving average price of $19.52. Corporacion America Airports S.A. has a fifty-two week low of $14.00 and a fifty-two week high of $22.13. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 24.05, a P/E/G ratio of 0.69 and a beta of 1.37.

Corporacion America Airports (NYSE:CAAP) last released its quarterly earnings results on Wednesday, August 20th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.17). Corporacion America Airports had a net margin of 7.84% and a return on equity of 9.33%. The business had revenue of $476.80 million for the quarter, compared to analysts’ expectations of $423.15 million. As a group, sell-side analysts expect that Corporacion America Airports S.A. will post 0.95 earnings per share for the current fiscal year.

Corporacion America Airports 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.