Corporacion America Airports S.A. $CAAP Shares Sold by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. decreased its position in shares of Corporacion America Airports S.A. (NYSE:CAAP) by 12.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,265 shares of the company’s stock after selling 4,000 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Corporacion America Airports were worth $552,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CAAP. Quantbot Technologies LP purchased a new position in Corporacion America Airports in the 1st quarter valued at approximately $50,000. State of Wyoming grew its holdings in Corporacion America Airports by 199.0% in the first quarter. State of Wyoming now owns 9,002 shares of the company’s stock valued at $165,000 after purchasing an additional 5,991 shares during the last quarter. Yorktown Management & Research Co Inc purchased a new position in shares of Corporacion America Airports in the second quarter valued at $276,000. Formidable Asset Management LLC purchased a new position in shares of Corporacion America Airports in the first quarter valued at $377,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in shares of Corporacion America Airports during the 1st quarter worth $568,000. Institutional investors and hedge funds own 12.95% of the company’s stock.

Corporacion America Airports Price Performance

NYSE:CAAP opened at $21.92 on Friday. 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 cap of $3.58 billion, a price-to-earnings ratio of 25.78, a price-to-earnings-growth ratio of 0.76 and a beta of 1.38. The company’s 50-day moving average is $19.38 and its two-hundred day moving average is $20.04. The company has a current ratio of 1.49, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CAAP. JPMorgan Chase & Co. increased their price objective on shares of Corporacion America Airports from $24.00 to $24.50 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Corporacion America Airports in a report on Wednesday, October 8th. Wall Street Zen cut shares of Corporacion America Airports from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Research downgraded Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Finally, Citigroup started coverage on Corporacion America Airports in a research note on Thursday, October 30th. They issued a “buy” rating and a $28.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Corporacion America Airports currently has an average rating of “Moderate Buy” and an average price target of $24.40.

Corporacion America 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.