Mackenzie Financial Corp Purchases 21,513 Shares of Corporación América Airports S.A. (NYSE:CAAP)

Mackenzie Financial Corp boosted its position in shares of Corporación América Airports S.A. (NYSE:CAAP) by 44.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,388 shares of the company’s stock after purchasing an additional 21,513 shares during the period. Mackenzie Financial Corp’s holdings in Corporación América Airports were worth $1,130,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in Corporación América Airports by 45.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 169,767 shares of the company’s stock worth $2,726,000 after purchasing an additional 53,034 shares during the period. Acadian Asset Management LLC grew its holdings in Corporación América Airports by 219.9% during the third quarter. Acadian Asset Management LLC now owns 156,902 shares of the company’s stock worth $2,087,000 after purchasing an additional 107,857 shares during the period. GSA Capital Partners LLP grew its holdings in Corporación América Airports by 41.4% during the third quarter. GSA Capital Partners LLP now owns 119,289 shares of the company’s stock worth $1,591,000 after purchasing an additional 34,915 shares during the period. Stratos Wealth Partners LTD. grew its holdings in Corporación América Airports by 114.1% during the fourth quarter. Stratos Wealth Partners LTD. now owns 71,939 shares of the company’s stock worth $1,155,000 after purchasing an additional 38,336 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Corporación América Airports by 3.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 279,328 shares of the company’s stock worth $3,726,000 after purchasing an additional 10,563 shares during the period. Institutional investors own 12.95% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded shares of Corporación América Airports from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Tuesday, January 9th.

Corporación América Airports Stock Down 2.1 %

NYSE CAAP opened at $16.62 on Thursday. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 1.41. Corporación América Airports S.A. has a 1-year low of $10.04 and a 1-year high of $17.85. The company has a 50 day moving average of $15.69 and a 200-day moving average of $14.76. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 9.61 and a beta of 2.08.

Corporación América Airports (NYSE:CAAP) last released its quarterly earnings results on Wednesday, March 20th. The company reported $0.81 earnings per share for the quarter. Corporación América Airports had a net margin of 17.00% and a return on equity of 30.10%. The company had revenue of $365.00 million during the quarter. On average, equities research analysts expect that Corporación América Airports S.A. will post 1.05 earnings per share for the current fiscal 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.