Assenagon Asset Management S.A. Takes $2.67 Million Position in Corporacion America Airports S.A. $CAAP

Assenagon Asset Management S.A. purchased a new stake in Corporacion America Airports S.A. (NYSE:CAAP) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 105,613 shares of the company’s stock, valued at approximately $2,671,000.

Several other large investors have also modified their holdings of CAAP. Leonteq Securities AG purchased a new position in shares of Corporacion America Airports during the 4th quarter worth $65,000. Van ECK Associates Corp boosted its position in shares of Corporacion America Airports by 119.4% during the fourth quarter. Van ECK Associates Corp now owns 2,808 shares of the company’s stock worth $73,000 after buying an additional 1,528 shares during the period. Aquatic Capital Management LLC acquired a new stake in shares of Corporacion America Airports during the third quarter worth about $88,000. Quarry LP purchased a new position in shares of Corporacion America Airports in the third quarter valued at approximately $108,000. Finally, Rhumbline Advisers boosted its stake in shares of Corporacion America Airports by 10.0% in the third 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 period. Institutional investors and hedge funds own 12.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CAAP. Wall Street Zen lowered Corporacion America Airports from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Zacks Research lowered shares of Corporacion America Airports from a “hold” rating to a “strong sell” rating in a report on Thursday, June 4th. JPMorgan Chase & Co. lifted their price objective on shares of Corporacion America Airports from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, June 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Corporacion America Airports in a research note on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $30.12.

Corporacion America Airports Stock Down 2.3%

Shares of NYSE:CAAP opened at $25.16 on Wednesday. The company has a market capitalization of $4.16 billion, a PE ratio of 14.30, a P/E/G ratio of 0.70 and a beta of 0.68. The company has a current ratio of 1.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.50. Corporacion America Airports S.A. has a twelve month low of $17.36 and a twelve month high of $30.50. The firm has a 50 day simple moving average of $25.66 and a 200-day simple moving average of $26.40.

Corporacion America Airports (NYSE:CAAP) last issued its earnings results on Thursday, May 14th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.04). The company had revenue of $537.62 million during the quarter, compared to analyst estimates of $470.63 million. Corporacion America Airports had a net margin of 13.79% and a return on equity of 17.40%. On average, equities analysts predict that Corporacion America Airports S.A. will post 2.2 EPS for the current fiscal year.

About Corporacion America Airports

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.