RWC Asset Management LLP Reduces Stake in Corporación América Airports S.A. (NYSE:CAAP)

RWC Asset Management LLP trimmed its stake in Corporación América Airports S.A. (NYSE:CAAP) by 10.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 526,283 shares of the company’s stock after selling 59,532 shares during the quarter. RWC Asset Management LLP’s holdings in Corporación América Airports were worth $8,452,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in Corporación América Airports in the third quarter valued at about $55,000. Jump Financial LLC boosted its stake in Corporación América Airports by 48.3% in the third quarter. Jump Financial LLC now owns 18,840 shares of the company’s stock valued at $251,000 after acquiring an additional 6,140 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Corporación América Airports in the fourth quarter valued at about $347,000. Stratos Wealth Partners LTD. purchased a new position in Corporación América Airports in the third quarter valued at about $448,000. Finally, Mackenzie Financial Corp purchased a new position in Corporación América Airports in the third quarter valued at about $639,000. 12.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded shares of Corporación América Airports from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Tuesday, January 9th.

Corporación América Airports Stock Performance

Shares of CAAP stock traded up $0.30 during trading on Friday, reaching $16.80. 56,723 shares of the company’s stock traded hands, compared to its average volume of 121,589. The company has a market capitalization of $2.69 billion, a P/E ratio of 9.71 and a beta of 2.08. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 1.41. The firm’s 50-day moving average is $15.76 and its 200 day moving average is $14.81. Corporación América Airports S.A. has a 1 year low of $10.04 and a 1 year high of $17.85.

Corporación América Airports (NYSE:CAAP) last announced its quarterly earnings results on Wednesday, March 20th. The company reported $0.81 EPS for the quarter. The company had revenue of $365.00 million for the quarter. Corporación América Airports had a net margin of 17.00% and a return on equity of 30.10%. Equities research analysts expect that Corporación América Airports S.A. will post 1.05 EPS for the current year.

About Corporación América Airports

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.