Corporación América Airports S.A. (NYSE:CAAP) Shares Acquired by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. lifted its stake in shares of Corporación América Airports S.A. (NYSE:CAAP) by 123.4% during the second quarter, Holdings Channel reports. The firm owned 34,765 shares of the company’s stock after buying an additional 19,200 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Corporación América Airports were worth $578,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Meixler Investment Management Ltd. raised its position in shares of Corporación América Airports by 5.0% during the 2nd quarter. Meixler Investment Management Ltd. now owns 25,101 shares of the company’s stock worth $418,000 after purchasing an additional 1,201 shares during the period. Stokes Family Office LLC raised its position in shares of Corporación América Airports by 1.5% during the 1st quarter. Stokes Family Office LLC now owns 293,272 shares of the company’s stock worth $4,927,000 after purchasing an additional 4,320 shares during the period. LMG Wealth Partners LLC raised its position in shares of Corporación América Airports by 5.5% during the 2nd quarter. LMG Wealth Partners LLC now owns 83,559 shares of the company’s stock worth $1,390,000 after purchasing an additional 4,359 shares during the period. Rhumbline Advisers acquired a new stake in shares of Corporación América Airports during the 2nd quarter worth approximately $98,000. Finally, Thoroughbred Financial Services LLC raised its position in shares of Corporación América Airports by 15.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 58,905 shares of the company’s stock worth $980,000 after purchasing an additional 7,925 shares during the period. 12.95% of the stock is currently owned by institutional investors and hedge funds.

Corporación América Airports Price Performance

CAAP opened at $17.27 on Wednesday. Corporación América Airports S.A. has a 12 month low of $10.57 and a 12 month high of $18.89. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.32 and a quick ratio of 1.30. The stock has a market cap of $2.82 billion, a P/E ratio of 6.96 and a beta of 2.06. The stock’s 50 day moving average price is $15.86 and its 200 day moving average price is $16.53.

Corporación América Airports (NYSE:CAAP) last posted its earnings results on Wednesday, August 21st. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). Corporación América Airports had a net margin of 22.57% and a return on equity of 33.87%. The business had revenue of $416.20 million during the quarter. During the same quarter in the prior year, the company posted $0.43 EPS. As a group, research analysts predict that Corporación América Airports S.A. will post 0.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Citigroup increased their price target on Corporación América Airports from $21.00 to $21.50 and gave the stock a “buy” rating in a research report on Monday, June 3rd.

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.