Allianz SE Makes New $738,000 Investment in Corporacion America Airports S.A. $CAAP

Allianz SE purchased a new position in shares of Corporacion America Airports S.A. (NYSE:CAAP) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 36,420 shares of the company’s stock, valued at approximately $738,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CAAP. Ping Capital Management Inc. increased its position in Corporacion America Airports by 17.2% during the first quarter. Ping Capital Management Inc. now owns 34,000 shares of the company’s stock worth $622,000 after purchasing an additional 5,000 shares during the last quarter. Formidable Asset Management LLC acquired a new position in Corporacion America Airports in the 1st quarter valued at about $377,000. Empirical Finance LLC purchased a new stake in shares of Corporacion America Airports in the 1st quarter valued at approximately $1,631,000. Malaga Cove Capital LLC increased its holdings in shares of Corporacion America Airports by 4.1% during the 1st quarter. Malaga Cove Capital LLC now owns 47,862 shares of the company’s stock worth $876,000 after buying an additional 1,901 shares during the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in shares of Corporacion America Airports during the 1st quarter worth approximately $568,000. Institutional investors and hedge funds own 12.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CAAP shares. JPMorgan Chase & Co. upped their price objective on Corporacion America Airports from $24.00 to $24.50 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Wall Street Zen downgraded Corporacion America Airports from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Citigroup began coverage on Corporacion America Airports in a report on Thursday, October 30th. They set a “buy” rating and a $28.00 price target for the company. Zacks Research downgraded Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Corporacion America Airports in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Corporacion America Airports currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.40.

Corporacion America Airports Stock Performance

Shares of Corporacion America Airports stock opened at $23.11 on Friday. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 0.81 and a beta of 1.38. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.47. The business has a 50-day moving average of $19.51 and a 200 day moving average of $20.15. Corporacion America Airports S.A. has a 12 month low of $15.01 and a 12 month high of $23.43.

Corporacion America Airports (NYSE:CAAP) last issued its quarterly 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 business had revenue of $476.80 million for the quarter, compared to analyst estimates of $423.15 million. As a group, sell-side analysts forecast that Corporacion America Airports S.A. will post 0.95 earnings per share for the current year.

Corporacion America 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.