LRT Capital Management LLC Raises Stock Position in Corporacion America Airports S.A. $CAAP

LRT Capital Management LLC raised its stake in shares of Corporacion America Airports S.A. (NYSE:CAAP) by 67.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 195,885 shares of the company’s stock after purchasing an additional 78,699 shares during the period. Corporacion America Airports accounts for approximately 2.3% of LRT Capital Management LLC’s investment portfolio, making the stock its 10th biggest position. LRT Capital Management LLC’s holdings in Corporacion America Airports were worth $3,549,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CAAP. HighVista Strategies LLC grew its position in shares of Corporacion America Airports by 15.2% in the 3rd quarter. HighVista Strategies LLC now owns 71,400 shares of the company’s stock valued at $1,294,000 after buying an additional 9,400 shares during the last quarter. Centiva Capital LP bought a new position in shares of Corporacion America Airports during the third quarter worth about $214,000. Bank of America Corp DE raised its position in shares of Corporacion America Airports by 82.4% during the third quarter. Bank of America Corp DE now owns 19,281 shares of the company’s stock worth $349,000 after acquiring an additional 8,711 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in shares of Corporacion America Airports in the third quarter worth approximately $88,000. Finally, Altrinsic Global Advisors LLC acquired a new position in shares of Corporacion America Airports in the third quarter worth approximately $649,000. 12.95% of the stock is owned by institutional investors and hedge funds.

Corporacion America Airports Price Performance

Shares of Corporacion America Airports stock opened at $24.92 on Tuesday. Corporacion America Airports S.A. has a one year low of $15.01 and a one year high of $30.50. The business has a 50-day simple moving average of $27.63 and a 200 day simple moving average of $23.90. The company has a quick ratio of 1.51, a current ratio of 1.53 and a debt-to-equity ratio of 0.68.

Corporacion America Airports (NYSE:CAAP) last announced its quarterly earnings results on Friday, March 6th. The company reported $404.99 earnings per share (EPS) for the quarter. Corporacion America Airports had a return on equity of 11.64% and a net margin of 9.39%.The business had revenue of ($36.63) million for the quarter. As a group, analysts anticipate that Corporacion America Airports S.A. will post 0.95 earnings per share for the current fiscal year.

Analyst Ratings Changes

CAAP has been the subject of a number of recent analyst reports. Zacks Research downgraded shares of Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Weiss Ratings restated a “buy (b)” rating on shares of Corporacion America Airports in a research report on Monday, December 29th. The Goldman Sachs Group upped their price objective on shares of Corporacion America Airports from $25.10 to $28.50 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Wall Street Zen upgraded shares of Corporacion America Airports from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $31.00 target price on shares of Corporacion America Airports in a research note on Wednesday, January 21st. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.60.

Corporacion America Airports Company Profile

Corporación América Airports SA operates as a global airport infrastructure and services company, specializing in the development, acquisition and management of airport concessions. Headquartered in Buenos Aires, Argentina, the firm oversees long-term agreements that cover the planning, design, financing and ongoing operation of airport facilities. Its integrated approach aims to enhance operational efficiency and passenger experience through modernized terminals and streamlined processes.

The company’s core activities encompass passenger handling, cargo operations and ancillary services such as retail concessions, food and beverage outlets, ground handling, fueling and airport parking.