Raymond James Financial Inc. Makes New $1.19 Million Investment in Corporación América Airports S.A. (NYSE:CAAP)

Raymond James Financial Inc. purchased a new stake in Corporación América Airports S.A. (NYSE:CAAP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 63,717 shares of the company’s stock, valued at approximately $1,189,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CAAP. abrdn plc raised its position in shares of Corporación América Airports by 8.7% during the 4th quarter. abrdn plc now owns 366,362 shares of the company’s stock worth $6,880,000 after purchasing an additional 29,462 shares during the last quarter. Verity Asset Management Inc. purchased a new stake in shares of Corporación América Airports in the fourth quarter valued at $245,000. Meixler Investment Management Ltd. boosted its stake in shares of Corporación América Airports by 37.5% during the fourth quarter. Meixler Investment Management Ltd. now owns 42,710 shares of the company’s stock valued at $797,000 after acquiring an additional 11,659 shares during the last quarter. LMG Wealth Partners LLC increased its position in Corporación América Airports by 7.9% during the 4th quarter. LMG Wealth Partners LLC now owns 91,491 shares of the company’s stock worth $1,707,000 after purchasing an additional 6,670 shares in the last quarter. Finally, Sage Investment Counsel LLC acquired a new position in Corporación América Airports in the 4th quarter valued at about $187,000. Institutional investors and hedge funds own 12.95% of the company’s stock.

Corporación América Airports Stock Performance

Corporación América Airports stock opened at $19.40 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 1.29. Corporación América Airports S.A. has a one year low of $13.97 and a one year high of $20.79. The stock’s 50 day moving average price is $18.21 and its 200 day moving average price is $18.78. The firm has a market capitalization of $3.17 billion, a PE ratio of 8.98 and a beta of 1.44.

Corporación América Airports (NYSE:CAAP) last announced its earnings results on Wednesday, March 19th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.12). Corporación América Airports had a net margin of 20.78% and a return on equity of 28.13%. The business had revenue of $461.10 million for the quarter, compared to analyst estimates of $373.00 million. As a group, sell-side analysts expect that Corporación América Airports S.A. will post 0.95 EPS for the current fiscal year.

Analyst Ratings Changes

CAAP has been the subject of several analyst reports. Itau BBA Securities started coverage on Corporación América Airports in a report on Monday, April 28th. They issued an “outperform” rating and a $20.40 price target for the company. JPMorgan Chase & Co. began coverage on Corporación América Airports in a research note on Friday, March 14th. They issued an “overweight” rating and a $22.50 target price for the company.

Corporación América Airports Company 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.