Quarry LP Acquires New Position in Corporación América Airports S.A. (NYSE:CAAP)

Quarry LP acquired a new stake in Corporación América Airports S.A. (NYSE:CAAP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,274 shares of the company’s stock, valued at approximately $38,000.

A number of other hedge funds have also recently modified their holdings of CAAP. Invst LLC boosted its stake in Corporación América Airports by 65.4% during the second quarter. Invst LLC now owns 33,651 shares of the company’s stock worth $558,000 after buying an additional 13,302 shares during the period. The Manufacturers Life Insurance Company purchased a new position in Corporación América Airports during the second quarter worth about $839,000. Fourth Sail Capital LP boosted its stake in Corporación América Airports by 1,779.7% during the second quarter. Fourth Sail Capital LP now owns 1,314,525 shares of the company’s stock worth $21,874,000 after buying an additional 1,244,592 shares during the period. Pekin Hardy Strauss Inc. boosted its stake in Corporación América Airports by 123.4% during the second quarter. Pekin Hardy Strauss Inc. now owns 34,765 shares of the company’s stock worth $578,000 after buying an additional 19,200 shares during the period. Finally, Thoroughbred Financial Services LLC boosted its stake in Corporación América Airports by 15.5% during the second quarter. Thoroughbred Financial Services LLC now owns 58,905 shares of the company’s stock worth $980,000 after buying an additional 7,925 shares during the period. Hedge funds and other institutional investors own 12.95% of the company’s stock.

Corporación América Airports Trading Up 2.4 %

Shares of CAAP stock opened at $17.74 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.32 and a quick ratio of 1.30. The firm has a market cap of $2.90 billion, a PE ratio of 7.15 and a beta of 2.07. The company has a 50-day moving average of $16.02 and a two-hundred day moving average of $16.79. Corporación América Airports S.A. has a 1-year low of $10.57 and a 1-year high of $18.89.

Corporación América Airports (NYSE:CAAP) last posted its quarterly earnings data on Wednesday, August 21st. The company reported $0.31 EPS 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 business had revenue of $416.20 million during the quarter. During the same period last year, the firm posted $0.43 earnings per share. On average, analysts predict that Corporación América Airports S.A. will post 0.96 EPS for the current year.

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.