Bank Julius Baer & Co. Ltd Zurich Takes $347,000 Position in Corporación América Airports S.A. (NYSE:CAAP)

Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Corporación América Airports S.A. (NYSE:CAAP) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 21,600 shares of the company’s stock, valued at approximately $347,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Quantbot Technologies LP bought a new stake in shares of Corporación América Airports in the third quarter worth $55,000. Jump Financial LLC lifted its position in shares of Corporación América Airports by 48.3% in the third quarter. Jump Financial LLC now owns 18,840 shares of the company’s stock worth $251,000 after purchasing an additional 6,140 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in shares of Corporación América Airports in the third quarter worth $448,000. Mackenzie Financial Corp bought a new stake in shares of Corporación América Airports in the third quarter worth $639,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Corporación América Airports by 14.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 116,733 shares of the company’s stock worth $1,557,000 after purchasing an additional 14,541 shares in the last quarter. Institutional investors and hedge funds own 12.95% of the company’s stock.

Corporación América Airports Stock Performance

NYSE CAAP opened at $16.80 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 1.41. The firm’s fifty day moving average price is $15.76 and its two-hundred day moving average price is $14.82. Corporación América Airports S.A. has a 1 year low of $10.04 and a 1 year high of $17.85. The firm has a market capitalization of $2.69 billion, a P/E ratio of 9.71 and a beta of 2.08.

Corporación América Airports (NYSE:CAAP) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $0.81 earnings per share (EPS) for the quarter. Corporación América Airports had a net margin of 17.00% and a return on equity of 30.10%. The firm had revenue of $365.00 million for the quarter. As a group, research analysts anticipate that Corporación América Airports S.A. will post 1.05 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised shares of Corporación América Airports from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Tuesday, January 9th.

Corporación América Airports Company Profile

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.