Empowered Funds LLC Buys Shares of 307,559 Corporacion America Airports S.A. $CAAP

Empowered Funds LLC purchased a new position in Corporacion America Airports S.A. (NYSE:CAAP) in the second quarter, HoldingsChannel reports. The institutional investor purchased 307,559 shares of the company’s stock, valued at approximately $7,744,000.

A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Corporacion America Airports during the 2nd quarter valued at $38,001,000. BNP Paribas Financial Markets grew its position in Corporacion America Airports by 673.3% in the third quarter. BNP Paribas Financial Markets now owns 494,703 shares of the company’s stock worth $8,964,000 after acquiring an additional 430,726 shares in the last quarter. Pillsbury Lake Capital LLC bought a new position in Corporacion America Airports in the second quarter valued at $7,429,989. Royal Bank of Canada increased its stake in Corporacion America Airports by 30.4% in the first quarter. Royal Bank of Canada now owns 1,042,548 shares of the company’s stock valued at $26,366,000 after acquiring an additional 243,092 shares during the last quarter. Finally, Militia Capital Management LLC purchased a new stake in Corporacion America Airports during the first quarter valued at about $4,072,000. Institutional investors own 12.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CAAP. Wall Street Zen lowered Corporacion America Airports from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Research upgraded Corporacion America Airports from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. JPMorgan Chase & Co. increased their price objective on Corporacion America Airports from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, June 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Corporacion America Airports in a report on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.12.

Corporacion America Airports Stock Performance

Corporacion America Airports stock opened at $24.16 on Monday. The firm has a fifty day simple moving average of $25.07 and a two-hundred day simple moving average of $25.76. The company has a quick ratio of 1.48, a current ratio of 1.51 and a debt-to-equity ratio of 0.48. Corporacion America Airports S.A. has a twelve month low of $17.36 and a twelve month high of $30.50. The company has a market capitalization of $3.99 billion, a PE ratio of 13.57, a P/E/G ratio of 0.66 and a beta of 0.70.

Corporacion America Airports (NYSE:CAAP) last announced its quarterly earnings data on Tuesday, August 18th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.18). Corporacion America Airports had a net margin of 13.58% and a return on equity of 16.69%. The company had revenue of $534.04 million for the quarter, compared to the consensus estimate of $497.52 million. Research analysts expect that Corporacion America Airports S.A. will post 2.2 EPS for the current year.

Corporacion America Airports Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 31st will be paid a $0.91 dividend. The ex-dividend date of this dividend is Monday, August 31st.

Corporacion America Airports Company 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.