Legal & General Group Plc acquired a new stake in shares of Corporacion America Airports SA (NYSE:CAAP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,547 shares of the company’s stock, valued at approximately $64,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CAAP. Coronation Fund Managers Ltd. acquired a new position in shares of Corporacion America Airports in the 3rd quarter worth approximately $236,000. FMR LLC increased its stake in shares of Corporacion America Airports by 218.4% in the 2nd quarter. FMR LLC now owns 62,080 shares of the company’s stock valued at $524,000 after buying an additional 42,580 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Corporacion America Airports in the 3rd quarter valued at $587,000. Standard Life Aberdeen plc increased its stake in shares of Corporacion America Airports by 63.2% in the 3rd quarter. Standard Life Aberdeen plc now owns 93,000 shares of the company’s stock valued at $794,000 after buying an additional 36,024 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Corporacion America Airports in the 3rd quarter valued at $917,000. 12.29% of the stock is currently owned by institutional investors and hedge funds.

NYSE:CAAP opened at $8.07 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.25 and a current ratio of 1.27. The firm has a market capitalization of $1.29 billion and a PE ratio of 17.17. Corporacion America Airports SA has a 12-month low of $5.70 and a 12-month high of $16.70.

Corporacion America Airports (NYSE:CAAP) last posted its earnings results on Monday, November 26th. The company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.23). The business had revenue of $348.00 million for the quarter, compared to the consensus estimate of $374.50 million. Corporacion America Airports had a negative return on equity of 1.54% and a negative net margin of 0.99%. Analysts forecast that Corporacion America Airports SA will post -0.08 EPS for the current fiscal year.

Several research analysts have recently issued reports on CAAP shares. Zacks Investment Research upgraded Corporacion America Airports from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. Oppenheimer set a $12.00 price target on Corporacion America Airports and gave the stock a “buy” rating in a research report on Tuesday, November 27th. Finally, Goldman Sachs Group restated a “buy” rating on shares of Corporacion America Airports in a research report on Thursday, January 24th.

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

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