RWC Asset Management LLP trimmed its position in shares of Corporacion America Airports SA (NYSE:CAAP) by 70.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,427,932 shares of the company’s stock after selling 3,480,168 shares during the quarter. RWC Asset Management LLP’s holdings in Corporacion America Airports were worth $9,467,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Corporacion America Airports by 4.3% during the third quarter. BlackRock Inc. now owns 1,602,924 shares of the company’s stock worth $13,688,000 after buying an additional 66,641 shares during the period. Makaira Partners LLC boosted its stake in Corporacion America Airports by 23.2% during the third quarter. Makaira Partners LLC now owns 1,326,379 shares of the company’s stock worth $11,327,000 after buying an additional 250,000 shares during the period. Citadel Advisors LLC boosted its stake in Corporacion America Airports by 24.2% during the third quarter. Citadel Advisors LLC now owns 296,093 shares of the company’s stock worth $2,529,000 after buying an additional 57,730 shares during the period. Westpac Banking Corp purchased a new position in Corporacion America Airports during the fourth quarter worth $1,241,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in 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 buying an additional 4,698 shares during the period. 11.65% of the stock is owned by institutional investors.
CAAP has been the subject of several recent analyst reports. Goldman Sachs Group reaffirmed a “buy” rating on shares of Corporacion America Airports in a research note on Thursday, January 24th. Oppenheimer set a $12.00 price objective on shares of Corporacion America Airports and gave the stock a “buy” rating in a research note on Tuesday, November 27th. Finally, Zacks Investment Research lowered shares of Corporacion America Airports from a “hold” rating to a “sell” rating in a research note on Tuesday, January 1st.
NYSE CAAP opened at $8.33 on Wednesday. The firm has a market cap of $1.35 billion and a price-to-earnings ratio of 17.72. Corporacion America Airports SA has a 52 week low of $5.70 and a 52 week high of $13.91. The company has a quick ratio of 1.25, a current ratio of 1.27 and a debt-to-equity ratio of 1.00.
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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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