Corporacion America Airports S.A. $CAAP Shares Acquired by Royal Bank of Canada

Royal Bank of Canada raised its holdings in shares of Corporacion America Airports S.A. (NYSE:CAAP) by 30.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 1,042,548 shares of the company’s stock after purchasing an additional 243,092 shares during the quarter. Royal Bank of Canada’s holdings in Corporacion America Airports were worth $26,366,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd lifted its position in shares of Corporacion America Airports by 328.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 65,051 shares of the company’s stock valued at $1,318,000 after acquiring an additional 49,882 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Corporacion America Airports by 49.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 63,613 shares of the company’s stock worth $1,289,000 after acquiring an additional 21,052 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of Corporacion America Airports by 2.9% in the 2nd quarter. Raymond James Financial Inc. now owns 68,680 shares of the company’s stock worth $1,391,000 after acquiring an additional 1,943 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Corporacion America Airports in the 2nd quarter worth $295,000. Finally, PDT Partners LLC raised its position in shares of Corporacion America Airports by 63.8% during the second quarter. PDT Partners LLC now owns 48,704 shares of the company’s stock worth $987,000 after purchasing an additional 18,972 shares during the period. Institutional investors and hedge funds own 12.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CAAP. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Corporacion America Airports in a report on Wednesday, June 24th. Wall Street Zen downgraded Corporacion America Airports from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. upped their price objective on shares of Corporacion America Airports from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, June 15th. Finally, Zacks Research upgraded shares of Corporacion America Airports from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Corporacion America Airports currently has a consensus rating of “Moderate Buy” and an average price target of $30.12.

Corporacion America Airports Stock Performance

Shares of Corporacion America Airports stock opened at $26.50 on Wednesday. Corporacion America Airports S.A. has a 12 month low of $17.36 and a 12 month high of $30.50. The company has a quick ratio of 1.38, a current ratio of 1.40 and a debt-to-equity ratio of 0.50. The stock has a market cap of $4.38 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 0.70 and a beta of 0.70. The business has a fifty day simple moving average of $25.81 and a 200-day simple moving average of $26.24.

Corporacion America Airports (NYSE:CAAP) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.04). The business had revenue of $537.62 million for 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, sell-side analysts anticipate 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.