Channing Global Advisors LLC Purchases New Shares in Corporacion America Airports S.A. $CAAP

Channing Global Advisors LLC purchased a new position in shares of Corporacion America Airports S.A. (NYSE:CAAP) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 42,286 shares of the company’s stock, valued at approximately $1,069,000. Corporacion America Airports accounts for about 0.6% of Channing Global Advisors LLC’s portfolio, making the stock its 27th biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Leonteq Securities AG acquired a new position in shares of Corporacion America Airports during the 4th quarter worth approximately $65,000. Van ECK Associates Corp boosted its stake in shares of Corporacion America Airports by 119.4% in the fourth quarter. Van ECK Associates Corp now owns 2,808 shares of the company’s stock valued at $73,000 after buying an additional 1,528 shares during the period. Aquatic Capital Management LLC acquired a new stake in Corporacion America Airports during the third quarter worth approximately $88,000. Quarry LP acquired a new stake in Corporacion America Airports during the third quarter worth approximately $108,000. Finally, Rhumbline Advisers increased its stake in Corporacion America Airports by 10.0% during the 3rd quarter. Rhumbline Advisers now owns 6,600 shares of the company’s stock worth $120,000 after acquiring an additional 600 shares during the period. Institutional investors and hedge funds own 12.95% of the company’s stock.

Analysts Set New Price Targets

CAAP has been the topic of a number of recent analyst reports. Zacks Research raised shares of Corporacion America Airports from a “strong sell” rating to a “hold” rating in a research note on Monday. Wall Street Zen downgraded shares of Corporacion America Airports from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Corporacion America Airports in a research note on Wednesday, June 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of Corporacion America Airports from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, June 15th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Corporacion America Airports has a consensus rating of “Moderate Buy” and a consensus price target of $30.12.

Corporacion America Airports Price Performance

Shares of NYSE:CAAP opened at $24.41 on Friday. The stock’s 50 day moving average is $25.65 and its 200-day moving average is $26.37. Corporacion America Airports S.A. has a twelve month low of $17.36 and a twelve month high of $30.50. The company has a quick ratio of 1.38, a current ratio of 1.40 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 0.67 and a beta of 0.69.

Corporacion America Airports (NYSE:CAAP) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.04). The business had revenue of $537.62 million for the quarter, compared to analyst estimates of $470.63 million. Corporacion America Airports had a return on equity of 17.40% and a net margin of 13.79%. Sell-side analysts forecast that Corporacion America Airports S.A. will post 2.2 EPS for the current fiscal year.

Corporacion America Airports Company Profile

Corporación América Airports SA operates as a global airport infrastructure and services company, specializing in the development, acquisition and management of airport concessions. Headquartered in Buenos Aires, Argentina, the firm oversees long-term agreements that cover the planning, design, financing and ongoing operation of airport facilities. Its integrated approach aims to enhance operational efficiency and passenger experience through modernized terminals and streamlined processes.

The company’s core activities encompass passenger handling, cargo operations and ancillary services such as retail concessions, food and beverage outlets, ground handling, fueling and airport parking.