Covalis Capital LLP Makes New Investment in Corporación América Airports S.A. (NYSE:CAAP)

Covalis Capital LLP acquired a new position in shares of Corporación América Airports S.A. (NYSE:CAAP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 36,559 shares of the company's stock, valued at approximately $682,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. abrdn plc increased its position in shares of Corporación América Airports by 8.7% during the 4th quarter. abrdn plc now owns 366,362 shares of the company's stock worth $6,880,000 after purchasing an additional 29,462 shares during the last quarter. Stokes Family Office LLC raised its holdings in shares of Corporación América Airports by 1.8% during the 4th quarter. Stokes Family Office LLC now owns 279,535 shares of the company's stock worth $5,216,000 after buying an additional 5,000 shares in the last quarter. State Street Corp boosted its stake in shares of Corporación América Airports by 6.8% in the 3rd quarter. State Street Corp now owns 266,233 shares of the company's stock valued at $4,648,000 after purchasing an additional 16,838 shares in the last quarter. LMG Wealth Partners LLC boosted its position in Corporación América Airports by 7.9% in the fourth quarter. LMG Wealth Partners LLC now owns 91,491 shares of the company's stock valued at $1,707,000 after buying an additional 6,670 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Corporación América Airports by 25.6% in the 4th quarter. Wells Fargo & Company MN now owns 83,141 shares of the company's stock worth $1,551,000 after purchasing an additional 16,941 shares in the last quarter. 12.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. initiated coverage on shares of Corporación América Airports in a research report on Friday, March 14th. They issued an "overweight" rating and a $22.50 price target on the stock.

Corporación América Airports Stock Up 2.7 %

Shares of CAAP stock traded up $0.51 on Thursday, hitting $19.24. The stock had a trading volume of 45,851 shares, compared to its average volume of 233,175. Corporación América Airports S.A. has a 12-month low of $13.97 and a 12-month high of $20.79. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.29 and a quick ratio of 1.27. The business has a 50 day moving average of $18.15 and a 200 day moving average of $18.72. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 8.91 and a beta of 1.58.

Corporación América Airports (NYSE:CAAP - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.12). The company had revenue of $461.10 million for the quarter, compared to analysts' expectations of $373.00 million. Corporación América Airports had a return on equity of 28.13% and a net margin of 20.78%. As a group, analysts expect that Corporación América Airports S.A. will post 0.95 EPS for the current year.

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.