Key Square Capital Management LLC trimmed its position in shares of Corporacion America Airports SA (NYSE:CAAP) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,725,282 shares of the company’s stock after selling 32,374 shares during the quarter. Corporacion America Airports makes up about 3.7% of Key Square Capital Management LLC’s investment portfolio, making the stock its 8th biggest position. Key Square Capital Management LLC owned 1.08% of Corporacion America Airports worth $11,438,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Corporacion America Airports by 4.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 112,038 shares of the company’s stock worth $743,000 after purchasing an additional 4,698 shares in the last quarter. Legal & General Group Plc acquired a new position in Corporacion America Airports in the third quarter valued at approximately $64,000. FMR LLC lifted its holdings in Corporacion America Airports by 45.1% in the third quarter. FMR LLC now owns 90,080 shares of the company’s stock valued at $769,000 after buying an additional 28,000 shares during the period. Standard Life Aberdeen plc lifted its holdings in Corporacion America Airports by 63.2% in the third quarter. Standard Life Aberdeen plc now owns 93,000 shares of the company’s stock valued at $794,000 after buying an additional 36,024 shares during the period. Finally, Serengeti Asset Management LP raised its holdings in Corporacion America Airports by 33.3% in the fourth quarter. Serengeti Asset Management LP now owns 200,000 shares of the company’s stock worth $1,326,000 after purchasing an additional 50,000 shares during the period. 11.64% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on CAAP shares. Zacks Investment Research lowered shares of Corporacion America Airports from a “hold” rating to a “sell” rating in a report on Tuesday, January 1st. Goldman Sachs Group reiterated a “buy” rating on shares of Corporacion America Airports in a report on Thursday, January 24th. Finally, Oppenheimer set a $12.00 target price on shares of Corporacion America Airports and gave the stock a “buy” rating in a report on Tuesday, November 27th.
Shares of CAAP traded up $0.12 during midday trading on Monday, reaching $8.50. The stock had a trading volume of 7,956 shares, compared to its average volume of 147,320. Corporacion America Airports SA has a one year low of $5.70 and a one year high of $14.49. The company has a market cap of $1.27 billion and a PE ratio of 18.09. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.27 and a quick ratio of 1.25.
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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.
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