Zacks Investment Research Upgrades Corporacion America Airports (CAAP) to “Hold”
Corporacion America Airports (NYSE:CAAP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “Corporacion America Airports SA is a focused on acquiring, developing and operating airport concessions. The Company is a private sector airport operator. It operates primarily in Latin America, Europe and Eurasia. Corporacion America Airports SA is based in Luxembourg. “
Separately, Bank of America lowered their price objective on shares of Corporacion America Airports from $23.00 to $14.00 and set a “buy” rating for the company in a report on Monday.
Corporacion America Airports (NYSE:CAAP) last posted its earnings results on Tuesday, August 21st. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.27). The company had revenue of $397.10 million during the quarter, compared to the consensus estimate of $373.10 million. analysts anticipate that Corporacion America Airports will post 0.31 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Global X Management Co LLC purchased a new stake in Corporacion America Airports in the second quarter worth about $942,000. Makaira Partners LLC lifted its holdings in Corporacion America Airports by 10.8% in the second quarter. Makaira Partners LLC now owns 1,076,379 shares of the company’s stock worth $9,085,000 after buying an additional 104,979 shares during the period. Highland Capital Management LP purchased a new stake in Corporacion America Airports in the second quarter worth about $13,680,000. FMR LLC lifted its holdings in Corporacion America Airports by 218.4% in the second quarter. FMR LLC now owns 62,080 shares of the company’s stock worth $524,000 after buying an additional 42,580 shares during the period. Finally, BlackRock Inc. lifted its holdings in Corporacion America Airports by 26.8% in the second quarter. BlackRock Inc. now owns 1,536,283 shares of the company’s stock worth $12,967,000 after buying an additional 324,952 shares during the period. Institutional investors and hedge funds own 13.31% of the company’s stock.
Corporacion America Airports Company Profile
Corporación América Airports SA acquires, develops, and operates airport concessions. It operates 52 airports in Latin America, Europe, and Eurasia. The company was formerly knwona as A.C.I. Airports International S.à r.l. The company was founded in 1998 and is based in Luxembourg City, Luxembourg. Corporación América Airports SA is a subsidiary of A.C.I.
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