Corporación América Airports S.A. (NYSE:CAAP) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Corporación América Airports S.A. (NYSE:CAAP) by 45.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,767 shares of the company’s stock after purchasing an additional 53,034 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Corporación América Airports were worth $2,726,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its position in Corporación América Airports by 831.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,366 shares of the company’s stock worth $27,000 after acquiring an additional 2,112 shares during the period. BNP Paribas Arbitrage SNC lifted its position in Corporación América Airports by 989.3% during the 2nd quarter. BNP Paribas Arbitrage SNC now owns 4,357 shares of the company’s stock worth $50,000 after acquiring an additional 3,957 shares during the period. Qube Research & Technologies Ltd acquired a new stake in Corporación América Airports during the 3rd quarter worth about $54,000. Quantbot Technologies LP acquired a new stake in Corporación América Airports during the 3rd quarter worth about $55,000. Finally, Jump Financial LLC lifted its position in Corporación América Airports by 48.3% during the 3rd quarter. Jump Financial LLC now owns 18,840 shares of the company’s stock worth $251,000 after acquiring an additional 6,140 shares during the period. Institutional investors and hedge funds own 12.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised Corporación América Airports from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Tuesday, January 9th.

Corporación América Airports Stock Performance

NYSE CAAP opened at $16.35 on Friday. The stock has a 50-day simple moving average of $15.61 and a two-hundred day simple moving average of $14.65. The firm has a market capitalization of $2.73 billion, a P/E ratio of 9.45 and a beta of 2.08. Corporación América Airports S.A. has a fifty-two week low of $10.04 and a fifty-two week high of $17.85. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.07 and a current ratio of 1.09.

Corporación América Airports (NYSE:CAAP) last released its quarterly earnings data on Wednesday, March 20th. The company reported $0.81 earnings per share for the quarter. The business had revenue of $365.00 million during the quarter. Corporación América Airports had a return on equity of 30.10% and a net margin of 17.00%. On average, equities analysts forecast that Corporación América Airports S.A. will post 1.55 earnings per share for the current year.

Corporación América Airports 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.