Aberdeen Group plc Grows Stock Holdings in Corporacion America Airports S.A. $CAAP

Aberdeen Group plc raised its stake in shares of Corporacion America Airports S.A. (NYSE:CAAP) by 5.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 443,608 shares of the company’s stock after acquiring an additional 21,908 shares during the period. Aberdeen Group plc’s holdings in Corporacion America Airports were worth $8,167,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CAAP. Rhumbline Advisers grew its stake in shares of Corporacion America Airports by 10.0% in the 3rd quarter. Rhumbline Advisers now owns 6,600 shares of the company’s stock valued at $120,000 after purchasing an additional 600 shares during the last quarter. Inceptionr LLC acquired a new stake in shares of Corporacion America Airports during the second quarter worth $215,000. Sage Investment Counsel LLC grew its position in Corporacion America Airports by 21.6% in the 3rd quarter. Sage Investment Counsel LLC now owns 12,400 shares of the company’s stock valued at $225,000 after buying an additional 2,200 shares during the last quarter. Yorktown Management & Research Co Inc acquired a new position in Corporacion America Airports in the 2nd quarter valued at $276,000. Finally, Jane Street Group LLC acquired a new position in Corporacion America Airports in the 2nd quarter valued at $295,000. 12.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CAAP has been the topic of several analyst reports. Wall Street Zen raised shares of Corporacion America Airports from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Jefferies Financial Group restated a “buy” rating and issued a $31.00 price objective on shares of Corporacion America Airports in a research report on Wednesday, January 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Corporacion America Airports in a report on Monday, December 29th. The Goldman Sachs Group increased their price objective on Corporacion America Airports from $25.10 to $28.50 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Finally, Zacks Research cut shares of Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.60.

Corporacion America Airports Stock Up 1.2%

Shares of Corporacion America Airports stock opened at $29.34 on Friday. Corporacion America Airports S.A. has a 1 year low of $15.01 and a 1 year high of $30.50. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.51 and a current ratio of 1.53. The business has a 50 day moving average price of $27.38 and a 200 day moving average price of $23.24.

Corporacion America Airports (NYSE:CAAP) last released its quarterly earnings results on Monday, November 24th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.19). Corporacion America Airports had a return on equity of 11.64% and a net margin of 9.39%.The company had revenue of $532.10 million for the quarter, compared to analysts’ expectations of $492.00 million. During the same period in the previous year, the business posted $0.09 EPS. On average, equities research analysts anticipate that Corporacion America Airports S.A. will post 0.95 earnings per share for the current year.

Corporacion America Airports Profile

Corporación América Airports SA operates as a global airport infrastructure and services company, specializing in the development, acquisition and management of airport concessions. Headquartered in Buenos Aires, Argentina, the firm oversees long-term agreements that cover the planning, design, financing and ongoing operation of airport facilities. Its integrated approach aims to enhance operational efficiency and passenger experience through modernized terminals and streamlined processes.

The company’s core activities encompass passenger handling, cargo operations and ancillary services such as retail concessions, food and beverage outlets, ground handling, fueling and airport parking.