Mariner LLC Purchases New Holdings in Corporación América Airports S.A. (NYSE:CAAP)

Mariner LLC acquired a new position in shares of Corporación América Airports S.A. (NYSE:CAAP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,683 shares of the company’s stock, valued at approximately $255,000.

Several other hedge funds have also bought and sold shares of CAAP. Raymond James Financial Inc. bought a new position in shares of Corporación América Airports during the fourth quarter valued at $1,189,000. abrdn plc increased its stake in Corporación América Airports by 8.7% during the 4th quarter. abrdn plc now owns 366,362 shares of the company’s stock valued at $6,880,000 after purchasing an additional 29,462 shares in the last quarter. Wells Fargo & Company MN increased its stake in Corporación América Airports by 25.6% during the 4th quarter. Wells Fargo & Company MN now owns 83,141 shares of the company’s stock valued at $1,551,000 after purchasing an additional 16,941 shares in the last quarter. Verity Asset Management Inc. purchased a new position in Corporación América Airports in the fourth quarter worth about $245,000. Finally, Meixler Investment Management Ltd. lifted its stake in shares of Corporación América Airports by 37.5% in the fourth quarter. Meixler Investment Management Ltd. now owns 42,710 shares of the company’s stock worth $797,000 after buying an additional 11,659 shares in the last quarter. Institutional investors own 12.95% of the company’s stock.

Corporación América Airports Stock Performance

Shares of CAAP opened at $19.40 on Tuesday. Corporación América Airports S.A. has a 52 week low of $13.97 and a 52 week high of $20.79. The company has a quick ratio of 1.27, a current ratio of 1.29 and a debt-to-equity ratio of 0.71. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 8.98 and a beta of 1.44. The business has a 50-day simple moving average of $18.22 and a two-hundred day simple moving average of $18.79.

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

Wall Street Analysts Forecast Growth

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

About Corporación América Airports

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.