Deutsche Bank AG raised its position in shares of Corporacion America Airports S.A. (NYSE:CAAP – Free Report) by 12.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 46,476 shares of the company’s stock after purchasing an additional 5,093 shares during the quarter. Deutsche Bank AG’s holdings in Corporacion America Airports were worth $851,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN increased its stake in Corporacion America 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. BNP Paribas Financial Markets increased its stake in Corporacion America Airports by 125.4% during the 4th quarter. BNP Paribas Financial Markets now owns 3,102 shares of the company’s stock valued at $58,000 after purchasing an additional 1,726 shares in the last quarter. Bank of America Corp DE increased its stake in Corporacion America Airports by 6.6% during the 4th quarter. Bank of America Corp DE now owns 13,437 shares of the company’s stock valued at $251,000 after purchasing an additional 836 shares in the last quarter. Millennium Management LLC increased its stake in Corporacion America Airports by 899.4% during the 4th quarter. Millennium Management LLC now owns 220,076 shares of the company’s stock valued at $4,107,000 after purchasing an additional 198,056 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Corporacion America Airports during the 4th quarter valued at about $1,189,000. 12.95% of the stock is currently owned by institutional investors.
Corporacion America Airports Stock Performance
CAAP opened at $20.76 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 0.72 and a beta of 1.37. The company’s 50 day moving average is $20.33 and its 200 day moving average is $19.56. Corporacion America Airports S.A. has a 12-month low of $14.12 and a 12-month high of $22.85.
Analyst Upgrades and Downgrades
CAAP has been the subject of a number of analyst reports. Bank of America initiated coverage on shares of Corporacion America Airports in a research note on Thursday, May 22nd. They set a “buy” rating and a $24.70 price objective for the company. JPMorgan Chase & Co. raised their price objective on shares of Corporacion America Airports from $22.50 to $24.00 and gave the company an “overweight” rating in a research note on Wednesday, July 2nd. Finally, Itau BBA Securities began coverage on shares of Corporacion America Airports in a research note on Monday, April 28th. They set an “outperform” rating and a $20.40 price objective for the company. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Corporacion America Airports currently has an average rating of “Buy” and an average target price of $23.03.
Check Out Our Latest Report on CAAP
Corporacion America 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.
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