Ping Capital Management Inc. Takes Position in Corporación América Airports S.A. (NYSE:CAAP)

Ping Capital Management Inc. bought a new stake in shares of Corporación América Airports S.A. (NYSE:CAAP) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 23,000 shares of the company’s stock, valued at approximately $383,000.

Other large investors also recently modified their holdings of the company. Assenagon Asset Management S.A. purchased a new position in shares of Corporación América Airports during the 2nd quarter valued at $583,000. Stokes Family Office LLC lifted its stake in shares of Corporación América Airports by 1.5% during the 1st quarter. Stokes Family Office LLC now owns 293,272 shares of the company’s stock valued at $4,927,000 after buying an additional 4,320 shares in the last quarter. Fourth Sail Capital LP purchased a new position in shares of Corporación América Airports during the 1st quarter valued at $1,175,000. Activest Wealth Management purchased a new position in shares of Corporación América Airports during the 1st quarter valued at $37,000. Finally, Invst LLC purchased a new stake in Corporación América Airports in the 4th quarter worth $195,000. Hedge funds and other institutional investors own 12.95% of the company’s stock.

Corporación América Airports Stock Performance

Shares of CAAP stock opened at $14.80 on Monday. Corporación América Airports S.A. has a 52 week low of $10.57 and a 52 week high of $18.89. The company has a current ratio of 1.32, a quick ratio of 1.30 and a debt-to-equity ratio of 0.75. The company’s fifty day simple moving average is $15.93 and its two-hundred day simple moving average is $16.45.

Corporación América Airports (NYSE:CAAP) last announced its quarterly earnings results on Wednesday, August 21st. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). The company had revenue of $416.20 million during the quarter. Corporación América Airports had a return on equity of 33.87% and a net margin of 22.57%. During the same quarter in the prior year, the firm posted $0.43 EPS. As a group, research analysts predict that Corporación América Airports S.A. will post 0.96 EPS for the current year.

Analyst Upgrades and Downgrades

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