Corporacion America Airports (NYSE:CAAP) Releases Quarterly Earnings Results, Misses Estimates By $0.19 EPS

Corporacion America Airports (NYSE:CAAP - Get Free Report) posted its quarterly earnings data on Monday. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.19), Zacks reports. Corporacion America Airports had a net margin of 7.53% and a return on equity of 9.06%.

Corporacion America Airports Stock Performance

Shares of Corporacion America Airports stock opened at $22.44 on Monday. The company has a quick ratio of 1.47, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. Corporacion America Airports has a 52 week low of $15.01 and a 52 week high of $23.65. The firm's 50 day moving average is $19.84 and its two-hundred day moving average is $20.28. The firm has a market capitalization of $3.66 billion, a P/E ratio of 26.40, a P/E/G ratio of 0.78 and a beta of 1.37.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CAAP. Rhumbline Advisers raised its stake in Corporacion America Airports by 10.0% during the 3rd quarter. Rhumbline Advisers now owns 6,600 shares of the company's stock worth $120,000 after acquiring an additional 600 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Corporacion America Airports by 2.9% during the second quarter. Raymond James Financial Inc. now owns 68,680 shares of the company's stock worth $1,391,000 after purchasing an additional 1,943 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Corporacion America Airports during the third quarter worth about $88,000. Militia Capital Partners LP lifted its holdings in shares of Corporacion America Airports by 3.3% in the 2nd quarter. Militia Capital Partners LP now owns 163,293 shares of the company's stock valued at $3,308,000 after purchasing an additional 5,250 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Corporacion America Airports in the 3rd quarter valued at about $108,000. 12.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CAAP. JPMorgan Chase & Co. increased their price target on shares of Corporacion America Airports from $24.00 to $24.50 and gave the stock an "overweight" rating in a research report on Tuesday, September 16th. Zacks Research cut shares of Corporacion America Airports from a "hold" rating to a "strong sell" rating in a research report on Monday, October 13th. Citigroup assumed coverage on Corporacion America Airports in a research report on Thursday, October 30th. They set a "buy" rating and a $28.00 price objective on the stock. Wall Street Zen cut Corporacion America Airports from a "buy" rating to a "hold" rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Corporacion America Airports in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $24.40.

Check Out Our Latest Report on Corporacion America Airports

About Corporacion America 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.

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