Metis Global Partners LLC Acquires 4,634 Shares of Corporacion America Airports S.A. $CAAP

Metis Global Partners LLC lifted its position in Corporacion America Airports S.A. (NYSE:CAAP) by 26.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 21,829 shares of the company’s stock after purchasing an additional 4,634 shares during the period. Metis Global Partners LLC’s holdings in Corporacion America Airports were worth $442,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CAAP. Meixler Investment Management Ltd. boosted its position in Corporacion America Airports by 2.6% during the 2nd quarter. Meixler Investment Management Ltd. now owns 54,362 shares of the company’s stock valued at $1,101,000 after buying an additional 1,370 shares during the period. Aberdeen Group plc raised its stake in shares of Corporacion America Airports by 0.3% during the second quarter. Aberdeen Group plc now owns 421,700 shares of the company’s stock valued at $8,544,000 after acquiring an additional 1,400 shares during the last quarter. Malaga Cove Capital LLC boosted its holdings in shares of Corporacion America Airports by 4.1% during the first quarter. Malaga Cove Capital LLC now owns 47,862 shares of the company’s stock worth $876,000 after purchasing an additional 1,901 shares during the period. Quantbot Technologies LP bought a new stake in shares of Corporacion America Airports in the first quarter worth about $50,000. Finally, LMG Wealth Partners LLC grew its stake in shares of Corporacion America Airports by 3.0% in the second quarter. LMG Wealth Partners LLC now owns 98,050 shares of the company’s stock worth $1,986,000 after purchasing an additional 2,866 shares during the last quarter. 12.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Corporacion America Airports in a research report on Wednesday, October 8th. Citigroup assumed coverage on Corporacion America Airports in a research note on Thursday, October 30th. They set a “buy” rating and a $28.00 target price on the stock. Wall Street Zen lowered Corporacion America Airports from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. JPMorgan Chase & Co. lifted their price target on shares of Corporacion America Airports from $24.00 to $24.50 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Finally, Zacks Research downgraded shares of Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $24.40.

Corporacion America Airports Trading Up 0.1%

NYSE CAAP opened at $23.07 on Thursday. The company has a quick ratio of 1.47, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. Corporacion America Airports S.A. has a twelve month low of $15.01 and a twelve month high of $23.43. The firm has a market capitalization of $3.77 billion, a PE ratio of 27.14, a P/E/G ratio of 0.80 and a beta of 1.38. The stock’s 50 day moving average is $19.47 and its 200 day moving average is $20.13.

Corporacion America Airports (NYSE:CAAP) last posted its quarterly earnings data on Wednesday, August 20th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. Research analysts forecast that Corporacion America Airports S.A. will post 0.95 earnings per share for the current fiscal 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.