Invesco Ltd. Sells 9,389 Shares of Corporacion America Airports S.A. $CAAP

Invesco Ltd. trimmed its stake in Corporacion America Airports S.A. (NYSE:CAAP) by 24.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,263 shares of the company’s stock after selling 9,389 shares during the period. Invesco Ltd.’s holdings in Corporacion America Airports were worth $536,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets increased its position in shares of Corporacion America Airports by 125.4% in the fourth quarter. BNP Paribas Financial Markets now owns 3,102 shares of the company’s stock worth $58,000 after purchasing an additional 1,726 shares during the last quarter. Bank of America Corp DE increased its position in shares of Corporacion America Airports by 6.6% in the fourth quarter. Bank of America Corp DE now owns 13,437 shares of the company’s stock worth $251,000 after purchasing an additional 836 shares during the last quarter. Trek Financial LLC bought a new position in shares of Corporacion America Airports in the first quarter worth approximately $333,000. Formidable Asset Management LLC bought a new position in shares of Corporacion America Airports in the first quarter worth approximately $377,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in shares of Corporacion America Airports in the first quarter worth approximately $568,000. 12.95% of the stock is currently owned by institutional investors.

Corporacion America Airports Stock Up 1.6%

Shares of Corporacion America Airports stock opened at $21.38 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.49. Corporacion America Airports S.A. has a 52-week low of $14.64 and a 52-week high of $22.85. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 25.15, a P/E/G ratio of 0.70 and a beta of 1.49. The company’s 50 day moving average price is $20.58 and its 200-day moving average price is $19.69.

Corporacion America Airports (NYSE:CAAP) last issued its earnings results on Wednesday, August 20th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.17). Corporacion America Airports had a return on equity of 9.06% and a net margin of 7.53%.The firm had revenue of $476.80 million during the quarter, compared to the consensus estimate of $423.15 million. Equities research analysts forecast that Corporacion America Airports S.A. will post 0.95 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CAAP. Bank of America assumed coverage on shares of Corporacion America Airports in a research report on Thursday, May 22nd. They issued a “buy” rating and a $24.70 price objective on the stock. JPMorgan Chase & Co. increased their price target on shares of Corporacion America Airports from $22.50 to $24.00 and gave the company an “overweight” rating in a research report on Wednesday, July 2nd. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Corporacion America Airports presently has an average rating of “Buy” and a consensus price target of $23.03.

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.