Fourth Sail Capital LP Has $21.87 Million Stock Position in Corporación América Airports S.A. (NYSE:CAAP)

Fourth Sail Capital LP grew its stake in shares of Corporación América Airports S.A. (NYSE:CAAP) by 1,779.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,314,525 shares of the company’s stock after buying an additional 1,244,592 shares during the quarter. Corporación América Airports comprises 5.0% of Fourth Sail Capital LP’s holdings, making the stock its 7th biggest position. Fourth Sail Capital LP’s holdings in Corporación América Airports were worth $21,874,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CAAP. Thoroughbred Financial Services LLC acquired a new position in shares of Corporación América Airports in the 1st quarter worth approximately $856,000. Assenagon Asset Management S.A. acquired a new stake in Corporación América Airports during the second quarter valued at approximately $583,000. Meixler Investment Management Ltd. bought a new stake in Corporación América Airports during the first quarter worth approximately $402,000. Ping Capital Management Inc. bought a new stake in Corporación América Airports during the second quarter worth approximately $383,000. Finally, Pekin Hardy Strauss Inc. grew its position in Corporación América Airports by 123.4% in the second quarter. Pekin Hardy Strauss Inc. now owns 34,765 shares of the company’s stock worth $578,000 after buying an additional 19,200 shares during the last quarter. 12.95% of the stock is owned by institutional investors and hedge funds.

Corporación América Airports Trading Up 1.2 %

Shares of CAAP opened at $17.27 on Tuesday. The business’s 50-day moving average price is $15.86 and its 200 day moving average price is $16.51. The company has a current ratio of 1.32, a quick ratio of 1.30 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $2.82 billion, a P/E ratio of 6.96 and a beta of 2.06. Corporación América Airports S.A. has a 1-year low of $10.57 and a 1-year high of $18.89.

Corporación América Airports (NYSE:CAAP) last released its earnings results on Wednesday, August 21st. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.02). The firm had revenue of $416.20 million during the quarter. Corporación América Airports had a return on equity of 33.87% and a net margin of 22.57%. During the same quarter in the prior year, the business posted $0.43 earnings per share. Analysts expect that Corporación América Airports S.A. will post 0.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Citigroup lifted their target price on Corporación América Airports from $21.00 to $21.50 and gave the stock a “buy” rating in a report on Monday, June 3rd.

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.