Key Square Capital Management LLC lessened its holdings in Corporacion America Airports SA (NYSE:CAAP) by 11.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,534,221 shares of the company’s stock after selling 196,279 shares during the quarter. Corporacion America Airports makes up 2.7% of Key Square Capital Management LLC’s holdings, making the stock its 12th largest holding. Key Square Capital Management LLC’s holdings in Corporacion America Airports were worth $12,949,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. RWC Asset Management LLP bought a new position in shares of Corporacion America Airports during the 1st quarter worth $49,856,000. BlackRock Inc. bought a new position in shares of Corporacion America Airports during the 1st quarter worth $14,948,000. Makaira Partners LLC bought a new position in shares of Corporacion America Airports during the 1st quarter worth $11,987,000. Russell Investments Group Ltd. bought a new position in shares of Corporacion America Airports during the 1st quarter worth $8,879,000. Finally, CI Investments Inc. bought a new position in shares of Corporacion America Airports during the 1st quarter worth $6,149,000. 13.31% of the stock is currently owned by institutional investors.

Shares of CAAP remained flat at $$8.08 during midday trading on Friday. The stock had a trading volume of 1,337 shares, compared to its average volume of 106,299. Corporacion America Airports SA has a fifty-two week low of $7.83 and a fifty-two week high of $17.99. The company has a quick ratio of 1.28, a current ratio of 1.31 and a debt-to-equity ratio of 1.32. The company has a market cap of $1.34 billion and a P/E ratio of 17.19.

Corporacion America Airports (NYSE:CAAP) last posted its quarterly earnings results on Tuesday, August 21st. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.27). The firm had revenue of $397.10 million during the quarter, compared to analyst estimates of $373.10 million. equities analysts forecast that Corporacion America Airports SA will post 0.31 EPS for the current fiscal year.

Separately, Zacks Investment Research raised Corporacion America Airports from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Thursday, May 24th.

Corporacion America Airports 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.

Further Reading: Price to Earnings Ratio (PE)

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Institutional Ownership by Quarter for Corporacion America Airports (NYSE:CAAP)

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