Fmr LLC increased its position in shares of Corporacion America Airports SA (NYSE:CAAP) by 218.4% in the second quarter, Holdings Channel reports. The institutional investor owned 62,080 shares of the company’s stock after buying an additional 42,580 shares during the period. Fmr LLC’s holdings in Corporacion America Airports were worth $524,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in CAAP. BlackRock Inc. acquired a new stake in Corporacion America Airports in the first quarter worth $14,948,000. RWC Asset Management LLP grew its holdings in Corporacion America Airports by 20.1% in the second quarter. RWC Asset Management LLP now owns 4,851,705 shares of the company’s stock worth $40,948,000 after purchasing an additional 811,475 shares during the period. Russell Investments Group Ltd. acquired a new stake in Corporacion America Airports in the first quarter worth $8,879,000. Sloane Robinson LLP acquired a new stake in Corporacion America Airports in the second quarter worth $3,447,000. Finally, Millennium Management LLC acquired a new stake in Corporacion America Airports in the first quarter worth $4,785,000. 13.31% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Corporacion America Airports from a “sell” rating to a “hold” rating in a report on Monday, September 17th. Bank of America reduced their price target on shares of Corporacion America Airports from $23.00 to $14.00 and set a “buy” rating for the company in a report on Monday, September 10th.
Shares of NYSE CAAP opened at $8.24 on Thursday. The stock has a market cap of $1.37 billion and a PE ratio of 17.53. Corporacion America Airports SA has a 1 year low of $7.83 and a 1 year high of $17.99. The company has a quick ratio of 1.28, a current ratio of 1.31 and a debt-to-equity ratio of 1.32.
Corporacion America Airports (NYSE:CAAP) last issued its quarterly earnings data on Tuesday, August 21st. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.27). The firm had revenue of $397.10 million for the quarter, compared to analysts’ expectations of $373.10 million. As a group, research analysts anticipate that Corporacion America Airports SA will post 0.31 EPS for the current fiscal year.
Corporacion America Airports Profile
Corporación América Airports SA acquires, develops, and operates airport concessions. It operates 52 airports in Latin America, Europe, and Eurasia. The company was formerly knwona as A.C.I. Airports International S.à r.l. The company was founded in 1998 and is based in Luxembourg City, Luxembourg. Corporación América Airports SA is a subsidiary of A.C.I.
Further Reading: Book Value Per Share – BVPS
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