Aberdeen Group plc Raises Stake in Corporacion America Airports S.A. $CAAP

Aberdeen Group plc grew its stake in Corporacion America Airports S.A. (NYSE:CAAP) by 5.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 443,608 shares of the company’s stock after acquiring an additional 21,908 shares during the quarter. Aberdeen Group plc owned about 0.27% of Corporacion America Airports worth $8,167,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rhumbline Advisers boosted its holdings in Corporacion America Airports by 10.0% during the 3rd quarter. Rhumbline Advisers now owns 6,600 shares of the company’s stock valued at $120,000 after acquiring an additional 600 shares during the period. Inceptionr LLC purchased a new stake in Corporacion America Airports during the 2nd quarter worth approximately $215,000. Sage Investment Counsel LLC lifted its holdings in Corporacion America Airports by 21.6% during the 3rd quarter. Sage Investment Counsel LLC now owns 12,400 shares of the company’s stock worth $225,000 after buying an additional 2,200 shares in the last quarter. Yorktown Management & Research Co Inc purchased a new position in Corporacion America Airports in the 2nd quarter valued at approximately $276,000. Finally, Jane Street Group LLC purchased a new position in Corporacion America Airports in the 2nd quarter valued at approximately $295,000. Institutional investors and hedge funds own 12.95% of the company’s stock.

Analyst Ratings Changes

CAAP has been the topic of several analyst reports. Wall Street Zen upgraded Corporacion America Airports from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. JPMorgan Chase & Co. boosted their price objective on Corporacion America Airports from $24.50 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. The Goldman Sachs Group raised their price objective on shares of Corporacion America Airports from $25.10 to $28.50 and gave the company a “neutral” rating in a report on Thursday, January 29th. Zacks Research cut shares of Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Finally, Citigroup assumed coverage on Corporacion America Airports in a report on Thursday, October 30th. They issued a “buy” rating and a $28.00 target price on the stock. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.60.

Corporacion America Airports Stock Performance

CAAP opened at $29.34 on Friday. The business’s 50-day simple moving average is $27.38 and its 200-day simple moving average is $23.24. The company has a current ratio of 1.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.68. Corporacion America Airports S.A. has a one year low of $15.01 and a one year high of $30.50.

Corporacion America Airports (NYSE:CAAP) last announced its earnings results on Monday, November 24th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.19). The firm had revenue of $532.10 million during the quarter, compared to analyst estimates of $492.00 million. Corporacion America Airports had a net margin of 9.39% and a return on equity of 11.64%. During the same period last year, the company earned $0.09 earnings per share. Analysts forecast that Corporacion America Airports S.A. will post 0.95 EPS for the current year.

About Corporacion America Airports

Corporación América Airports SA operates as a global airport infrastructure and services company, specializing in the development, acquisition and management of airport concessions. Headquartered in Buenos Aires, Argentina, the firm oversees long-term agreements that cover the planning, design, financing and ongoing operation of airport facilities. Its integrated approach aims to enhance operational efficiency and passenger experience through modernized terminals and streamlined processes.

The company’s core activities encompass passenger handling, cargo operations and ancillary services such as retail concessions, food and beverage outlets, ground handling, fueling and airport parking.