Thoroughbred Financial Services LLC Sells 9,485 Shares of Corporacion America Airports S.A. $CAAP

Thoroughbred Financial Services LLC cut its holdings in Corporacion America Airports S.A. (NYSE:CAAP) by 15.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,005 shares of the company’s stock after selling 9,485 shares during the period. Thoroughbred Financial Services LLC’s holdings in Corporacion America Airports were worth $1,013,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CAAP. Allianz SE bought a new position in shares of Corporacion America Airports in the second quarter worth $738,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Corporacion America Airports by 9.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 933,660 shares of the company’s stock valued at $17,086,000 after purchasing an additional 82,335 shares during the period. Yorktown Management & Research Co Inc purchased a new stake in Corporacion America Airports during the 2nd quarter worth about $276,000. Bosun Asset Management LLC boosted its stake in Corporacion America Airports by 95.7% in the 1st quarter. Bosun Asset Management LLC now owns 32,844 shares of the company’s stock worth $601,000 after purchasing an additional 16,058 shares during the period. Finally, Aberdeen Group plc grew its holdings in Corporacion America Airports by 14.7% during the 1st quarter. Aberdeen Group plc now owns 420,300 shares of the company’s stock valued at $7,691,000 after buying an additional 53,938 shares in the last quarter. Institutional investors own 12.95% of the company’s stock.

Corporacion America Airports Price Performance

Shares of Corporacion America Airports stock opened at $23.39 on Monday. The company has a quick ratio of 1.47, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. Corporacion America Airports S.A. has a 52 week low of $15.01 and a 52 week high of $23.43. The company has a market cap of $3.82 billion, a PE ratio of 27.51, a P/E/G ratio of 0.81 and a beta of 1.37. The business has a 50 day moving average of $19.55 and a 200 day moving average of $20.18.

Corporacion America Airports (NYSE:CAAP) last posted its quarterly earnings data 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 return on equity of 9.06% and a net margin of 7.53%.The firm had revenue of $476.80 million during the quarter, compared to the consensus estimate of $423.15 million. As a group, equities research analysts forecast that Corporacion America Airports S.A. will post 0.95 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CAAP shares. Zacks Research lowered shares of Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. JPMorgan Chase & Co. increased their target price 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. Citigroup started coverage on shares of Corporacion America Airports in a report on Thursday, October 30th. They issued a “buy” rating and a $28.00 price target for the company. Weiss Ratings restated a “buy (b)” rating on shares of Corporacion America Airports in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded Corporacion America Airports from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Five 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.40.

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.