Helikon Investments Ltd Lowers Stake in Corporación América Airports S.A. (NYSE:CAAP)

Helikon Investments Ltd lessened its stake in shares of Corporación América Airports S.A. (NYSE:CAAP) by 4.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,593,495 shares of the company’s stock after selling 330,629 shares during the period. Corporación América Airports accounts for about 11.0% of Helikon Investments Ltd’s portfolio, making the stock its 4th biggest position. Helikon Investments Ltd’s holdings in Corporación América Airports were worth $127,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in CAAP. Invst LLC acquired a new position in Corporación América Airports in the 4th quarter worth about $195,000. Mackenzie Financial Corp grew its position in shares of Corporación América Airports by 44.0% in the 4th quarter. Mackenzie Financial Corp now owns 70,388 shares of the company’s stock valued at $1,130,000 after buying an additional 21,513 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Corporación América Airports in the 4th quarter valued at about $347,000. Stokes Family Office LLC grew its position in shares of Corporación América Airports by 12.2% in the 4th quarter. Stokes Family Office LLC now owns 288,952 shares of the company’s stock valued at $4,641,000 after buying an additional 31,500 shares during the last quarter. Finally, GSA Capital Partners LLP grew its position in shares of Corporación América Airports by 41.4% in the 3rd quarter. GSA Capital Partners LLP now owns 119,289 shares of the company’s stock valued at $1,591,000 after buying an additional 34,915 shares during the last quarter. Institutional investors own 12.95% of the company’s stock.

Analysts Set New Price Targets

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

Corporación América Airports Trading Down 0.2 %

NYSE:CAAP traded down $0.03 on Tuesday, hitting $16.54. The stock had a trading volume of 86,247 shares, compared to its average volume of 146,892. The business’s fifty day moving average is $17.56 and its 200 day moving average is $16.46. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 0.86. Corporación América Airports S.A. has a 52 week low of $10.57 and a 52 week high of $18.89.

Corporación América Airports (NYSE:CAAP) last announced its quarterly earnings results on Thursday, May 23rd. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.54. The business had revenue of $433.05 million for the quarter. Corporación América Airports had a return on equity of 39.57% and a net margin of 23.65%. During the same quarter in the previous year, the company posted $0.20 EPS. On average, sell-side analysts predict that Corporación América Airports S.A. will post 1.05 EPS for the current fiscal year.

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.