Empowered Funds LLC Has $10.76 Million Position in Corporacion America Airports S.A. $CAAP

Empowered Funds LLC increased its stake in Corporacion America Airports S.A. (NYSE:CAAP) by 74.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 425,585 shares of the company’s stock after acquiring an additional 181,598 shares during the period. Empowered Funds LLC’s holdings in Corporacion America Airports were worth $10,763,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Leonteq Securities AG bought a new position in Corporacion America Airports in the 4th quarter valued at $65,000. Van ECK Associates Corp increased its stake in shares of Corporacion America Airports by 119.4% in the 4th quarter. Van ECK Associates Corp now owns 2,808 shares of the company’s stock valued at $73,000 after buying an additional 1,528 shares during the period. Aquatic Capital Management LLC acquired a new position in shares of Corporacion America Airports during the third quarter valued at $88,000. Quarry LP acquired a new position in shares of Corporacion America Airports during the third quarter valued at $108,000. Finally, Rhumbline Advisers boosted its holdings in Corporacion America Airports by 10.0% in the third quarter. Rhumbline Advisers now owns 6,600 shares of the company’s stock valued at $120,000 after acquiring an additional 600 shares during the last quarter. Institutional investors and hedge funds own 12.95% of the company’s stock.

Corporacion America Airports Stock Performance

CAAP stock opened at $26.16 on Friday. Corporacion America Airports S.A. has a twelve month low of $17.36 and a twelve 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 company has a market cap of $4.32 billion, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 0.70 and a beta of 0.69. The business’s fifty day moving average is $25.76 and its 200-day moving average is $26.25.

Corporacion America Airports (NYSE:CAAP) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.04). Corporacion America Airports had a net margin of 13.79% and a return on equity of 17.40%. The company had revenue of $537.62 million during the quarter, compared to the consensus estimate of $470.63 million. Equities research analysts forecast that Corporacion America Airports S.A. will post 2.2 EPS for the current year.

Wall Street Analyst Weigh In

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

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.