Corporacion America Airports S.A. $CAAP Shares Acquired by LMG Wealth Partners LLC

LMG Wealth Partners LLC increased its holdings in Corporacion America Airports S.A. (NYSE:CAAP) by 3.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 98,050 shares of the company’s stock after acquiring an additional 2,866 shares during the quarter. LMG Wealth Partners LLC’s holdings in Corporacion America Airports were worth $1,986,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CAAP. Helikon Investments Ltd increased its holdings in Corporacion America Airports by 92.3% in the first quarter. Helikon Investments Ltd now owns 13,622,399 shares of the company’s stock valued at $249,290,000 after buying an additional 6,537,641 shares during the last quarter. Fourth Sail Capital LP increased its holdings in Corporacion America Airports by 9.0% in the first quarter. Fourth Sail Capital LP now owns 1,584,784 shares of the company’s stock valued at $29,002,000 after buying an additional 130,702 shares during the last quarter. Empirical Finance LLC bought a new stake in Corporacion America Airports in the first quarter valued at about $1,631,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Corporacion America Airports by 9.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 933,660 shares of the company’s stock valued at $17,086,000 after buying an additional 82,335 shares during the last quarter. Finally, Aberdeen Group plc increased its holdings in Corporacion America Airports by 14.7% in the first quarter. Aberdeen Group plc now owns 420,300 shares of the company’s stock valued at $7,691,000 after buying an additional 53,938 shares during the last quarter. 12.95% of the stock is owned by institutional investors.

Corporacion America Airports Stock Performance

Shares of CAAP stock opened at $18.06 on Monday. Corporacion America Airports S.A. has a 12-month low of $15.01 and a 12-month high of $22.85. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 0.63 and a beta of 1.44. The business has a 50 day simple moving average of $19.57 and a 200 day simple moving average of $19.71. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.47.

Corporacion America Airports (NYSE:CAAP) last announced its earnings results on Wednesday, August 20th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.17). Corporacion America Airports had a net margin of 7.53% and a return on equity of 9.06%. The firm had revenue of $476.80 million for the quarter, compared to analyst estimates of $423.15 million. On average, equities research analysts anticipate that Corporacion America Airports S.A. will post 0.95 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CAAP. Zacks Research lowered Corporacion America Airports from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Corporacion America Airports in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on Corporacion America Airports from $24.00 to $24.50 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Finally, Wall Street Zen raised Corporacion America Airports from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.20.

About Corporacion America Airports

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.