JPMorgan Chase & Co. Has $12.85 Million Stock Position in Corporacion America Airports S.A. $CAAP

JPMorgan Chase & Co. lowered its position in Corporacion America Airports S.A. (NYSE:CAAP) by 5.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 634,064 shares of the company’s stock after selling 38,122 shares during the period. JPMorgan Chase & Co.’s holdings in Corporacion America Airports were worth $12,846,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Corporacion America Airports by 9.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 933,660 shares of the company’s stock valued at $17,086,000 after acquiring an additional 82,335 shares during the period. Aberdeen Group plc lifted its holdings in shares of Corporacion America Airports by 14.7% during the 1st quarter. Aberdeen Group plc now owns 420,300 shares of the company’s stock valued at $7,691,000 after purchasing an additional 53,938 shares in the last quarter. Empirical Finance LLC grew its position in shares of Corporacion America Airports by 56.4% in the 2nd quarter. Empirical Finance LLC now owns 139,327 shares of the company’s stock valued at $2,823,000 after purchasing an additional 50,215 shares during the period. Allianz SE acquired a new position in shares of Corporacion America Airports in the 2nd quarter valued at approximately $738,000. Finally, Militia Capital Partners LP increased its stake in Corporacion America Airports by 26.4% during the 1st quarter. Militia Capital Partners LP now owns 158,043 shares of the company’s stock worth $2,892,000 after purchasing an additional 33,043 shares in the last quarter. 12.95% of the stock is currently owned by institutional investors.

Corporacion America Airports Stock Performance

Shares of CAAP stock opened at $25.61 on Monday. Corporacion America Airports S.A. has a 12 month low of $15.01 and a 12 month high of $26.97. The company’s fifty day simple moving average is $21.10 and its 200-day simple moving average is $20.54. The firm has a market cap of $4.18 billion, a PE ratio of 23.28, a P/E/G ratio of 0.90 and a beta of 0.81. The company has a quick ratio of 1.51, a current ratio of 1.53 and a debt-to-equity ratio of 0.68.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CAAP. JPMorgan Chase & Co. lifted their price target on shares of Corporacion America Airports from $24.00 to $24.50 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Zacks Research lowered shares of Corporacion America Airports from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Corporacion America Airports in a research note on Tuesday, December 2nd. Wall Street Zen upgraded Corporacion America Airports from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Citigroup assumed coverage on Corporacion America Airports in a research note on Thursday, October 30th. They issued a “buy” rating and a $28.00 price target on the stock. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.40.

Corporacion America Airports Company 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.