Raymond James Financial Inc. Purchases New Shares in Corporación América Airports S.A. (NYSE:CAAP)

Raymond James Financial Inc. acquired a new position in Corporación América Airports S.A. (NYSE:CAAP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 63,717 shares of the company’s stock, valued at approximately $1,189,000.

Other large investors have also recently made changes to their positions in the company. Metis Global Partners LLC increased its position in shares of Corporación América Airports by 14.8% during the 4th quarter. Metis Global Partners LLC now owns 16,024 shares of the company’s stock valued at $299,000 after purchasing an additional 2,066 shares during the last quarter. LMG Wealth Partners LLC increased its position in Corporación América Airports by 7.9% during the fourth quarter. LMG Wealth Partners LLC now owns 91,491 shares of the company’s stock valued at $1,707,000 after acquiring an additional 6,670 shares during the last quarter. Invst LLC increased its position in Corporación América Airports by 28.2% during the third quarter. Invst LLC now owns 43,124 shares of the company’s stock valued at $753,000 after acquiring an additional 9,473 shares during the last quarter. Sage Investment Counsel LLC purchased a new stake in shares of Corporación América Airports in the fourth quarter valued at $187,000. Finally, Meixler Investment Management Ltd. lifted its holdings in shares of Corporación América Airports by 37.5% in the 4th quarter. Meixler Investment Management Ltd. now owns 42,710 shares of the company’s stock worth $797,000 after acquiring an additional 11,659 shares during the last quarter. 12.95% of the stock is currently owned by institutional investors.

Corporación América Airports Price Performance

CAAP opened at $18.68 on Thursday. The business has a fifty day moving average of $18.80 and a 200 day moving average of $18.75. The stock has a market cap of $3.05 billion, a P/E ratio of 8.65 and a beta of 1.97. The company has a quick ratio of 1.27, a current ratio of 1.29 and a debt-to-equity ratio of 0.71. Corporación América Airports S.A. has a 52-week low of $13.97 and a 52-week high of $20.79.

Corporación América Airports (NYSE:CAAP) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.12). Corporación América Airports had a net margin of 20.78% and a return on equity of 28.13%. The company had revenue of $461.10 million for the quarter, compared to the consensus estimate of $373.00 million. As a group, sell-side analysts anticipate that Corporación América Airports S.A. will post 0.95 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. initiated coverage on shares of Corporación América Airports in a research report on Friday, March 14th. They issued an “overweight” rating and a $22.50 price objective on the stock.

Corporación América 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.