Invst LLC Buys 13,302 Shares of Corporación América Airports S.A. (NYSE:CAAP)

Invst LLC boosted its position in Corporación América Airports S.A. (NYSE:CAAP) by 65.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,651 shares of the company’s stock after buying an additional 13,302 shares during the period. Invst LLC’s holdings in Corporación América Airports were worth $558,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Rhumbline Advisers acquired a new stake in Corporación América Airports in the second quarter valued at approximately $98,000. Virtu Financial LLC acquired a new stake in Corporación América Airports in the 1st quarter valued at $177,000. Ping Capital Management Inc. bought a new stake in Corporación América Airports during the 2nd quarter valued at $383,000. Meixler Investment Management Ltd. acquired a new position in Corporación América Airports during the first quarter worth $402,000. Finally, Pekin Hardy Strauss Inc. lifted its stake in shares of Corporación América Airports by 123.4% in the second quarter. Pekin Hardy Strauss Inc. now owns 34,765 shares of the company’s stock valued at $578,000 after buying an additional 19,200 shares in the last quarter. 12.95% of the stock is owned by institutional investors and hedge funds.

Corporación América Airports Stock Down 2.9 %

CAAP stock opened at $17.46 on Tuesday. The firm has a market capitalization of $2.85 billion, a PE ratio of 7.04 and a beta of 2.06. The company has a quick ratio of 1.30, a current ratio of 1.32 and a debt-to-equity ratio of 0.75. Corporación América Airports S.A. has a twelve month low of $10.57 and a twelve month high of $18.89. The stock’s 50 day moving average is $15.96 and its 200-day moving average is $16.73.

Corporación América Airports (NYSE:CAAP) last issued its quarterly earnings data on Wednesday, August 21st. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.02). Corporación América Airports had a net margin of 22.57% and a return on equity of 33.87%. The company had revenue of $416.20 million for the quarter. During the same quarter in the previous year, the business posted $0.43 EPS. Sell-side analysts expect that Corporación América Airports S.A. will post 0.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Citigroup boosted their target price on shares of Corporación América Airports from $21.00 to $21.50 and gave the stock a “buy” rating in a research report on Monday, June 3rd.

Corporación América 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.