Raymond James Financial Inc. Makes New Investment in Corporación América Airports S.A. (NYSE:CAAP)

Raymond James Financial Inc. acquired a new stake 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 63,717 shares of the company's stock, valued at approximately $1,189,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CAAP. abrdn plc increased its stake in shares of Corporación América Airports by 8.7% in the fourth 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 period. State Street Corp grew its stake in shares of Corporación América Airports by 6.8% in the third quarter. State Street Corp now owns 266,233 shares of the company's stock worth $4,648,000 after acquiring an additional 16,838 shares during the last quarter. LMG Wealth Partners LLC increased its position in Corporación América Airports by 7.9% during the fourth quarter. LMG Wealth Partners LLC now owns 91,491 shares of the company's stock worth $1,707,000 after acquiring an additional 6,670 shares during the period. Invst LLC raised its stake in Corporación América Airports by 28.2% during the 3rd quarter. Invst LLC now owns 43,124 shares of the company's stock valued at $753,000 after purchasing an additional 9,473 shares during the last quarter. Finally, Meixler Investment Management Ltd. boosted its holdings in Corporación América Airports by 37.5% in the 4th quarter. Meixler Investment Management Ltd. now owns 42,710 shares of the company's stock valued at $797,000 after purchasing an additional 11,659 shares during the period. 12.95% of the stock is currently owned by institutional investors and hedge funds.

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Corporación América Airports Stock Performance

Shares of NYSE:CAAP traded down $1.20 during trading on Monday, hitting $16.26. 410,994 shares of the stock were exchanged, compared to its average volume of 176,972. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 7.53 and a beta of 1.58. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 1.29. Corporación América Airports S.A. has a 1-year low of $13.97 and a 1-year high of $20.79. The company's fifty day simple moving average is $18.66 and its 200-day simple moving average is $18.75.

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

Wall Street Analysts Forecast Growth

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

Corporación América 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.