Marshall Wace LLP Acquires New Stake in Corporacion America Airports SA (CAAP)

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Marshall Wace LLP acquired a new stake in shares of Corporacion America Airports SA (NYSE:CAAP) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 201,295 shares of the company’s stock, valued at approximately $1,719,000. Marshall Wace LLP owned approximately 0.13% of Corporacion America Airports at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Standard Life Aberdeen plc boosted its holdings in shares of Corporacion America Airports by 63.2% in the third quarter. Standard Life Aberdeen plc now owns 93,000 shares of the company’s stock worth $794,000 after buying an additional 36,024 shares during the period. Key Square Capital Management LLC boosted its holdings in shares of Corporacion America Airports by 14.6% in the third quarter. Key Square Capital Management LLC now owns 1,757,656 shares of the company’s stock worth $15,010,000 after buying an additional 223,435 shares during the period. Brookfield Asset Management Inc. purchased a new stake in shares of Corporacion America Airports in the third quarter worth approximately $6,426,000. Makaira Partners LLC lifted its position in shares of Corporacion America Airports by 23.2% in the third quarter. Makaira Partners LLC now owns 1,326,379 shares of the company’s stock worth $11,327,000 after purchasing an additional 250,000 shares in the last quarter. Finally, River & Mercantile Asset Management LLP lifted its position in shares of Corporacion America Airports by 20.0% in the third quarter. River & Mercantile Asset Management LLP now owns 814,046 shares of the company’s stock worth $6,907,000 after purchasing an additional 135,936 shares in the last quarter. Institutional investors own 12.39% of the company’s stock.

NYSE CAAP opened at $6.78 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.27 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $1.09 billion and a PE ratio of 14.43. Corporacion America Airports SA has a 52-week low of $6.51 and a 52-week high of $17.99.

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

A number of analysts have recently issued reports on CAAP shares. Bank of America reduced their price target on shares of Corporacion America Airports from $23.00 to $14.00 and set a “buy” rating for the company in a research report on Monday, September 10th. Oppenheimer set a $12.00 price target on shares of Corporacion America Airports and gave the stock a “buy” rating in a research report on Tuesday, November 27th. Finally, Zacks Investment Research raised shares of Corporacion America Airports from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd.

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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.

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

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