Corporacion America Airports S.A. $CAAP Shares Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC increased its stake in Corporacion America Airports S.A. (NYSE:CAAP) by 45.9% in the first quarter, Holdings Channel reports. The institutional investor owned 103,565 shares of the company’s stock after acquiring an additional 32,603 shares during the quarter. Lazard Asset Management LLC’s holdings in Corporacion America Airports were worth $2,619,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Leonteq Securities AG acquired a new position in Corporacion America Airports during the 4th quarter worth $65,000. Van ECK Associates Corp increased its position in shares of Corporacion America Airports by 119.4% in the 4th quarter. Van ECK Associates Corp now owns 2,808 shares of the company’s stock worth $73,000 after purchasing an additional 1,528 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Corporacion America Airports in the 3rd quarter valued at about $88,000. Quarry LP acquired a new stake in shares of Corporacion America Airports in the 3rd quarter valued at about $108,000. Finally, Rhumbline Advisers lifted its position in shares of Corporacion America Airports by 10.0% during the third quarter. Rhumbline Advisers now owns 6,600 shares of the company’s stock worth $120,000 after purchasing an additional 600 shares during the last quarter. 12.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Zacks Research upgraded Corporacion America Airports from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Corporacion America Airports in a research note on Wednesday, June 24th. JPMorgan Chase & Co. increased their target price on shares of Corporacion America Airports from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, June 15th. Finally, Wall Street Zen downgraded shares of Corporacion America Airports from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.12.

Corporacion America Airports Trading Down 1.0%

NYSE:CAAP opened at $25.85 on Friday. The firm has a market capitalization of $4.27 billion, a P/E ratio of 14.69, a P/E/G ratio of 0.70 and a beta of 0.69. The business has a 50 day simple moving average of $25.78 and a 200 day simple moving average of $26.24. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.40 and a quick ratio of 1.38. Corporacion America Airports S.A. has a 12-month low of $17.36 and a 12-month high of $30.50.

Corporacion America Airports (NYSE:CAAP) last issued its earnings results on Thursday, May 14th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.04). The company had revenue of $537.62 million during the quarter, compared to analyst estimates of $470.63 million. Corporacion America Airports had a return on equity of 17.40% and a net margin of 13.79%. Equities research analysts predict that Corporacion America Airports S.A. will post 2.2 EPS for the current year.

Corporacion America Airports Profile

Corporación América Airports SA operates as a global airport infrastructure and services company, specializing in the development, acquisition and management of airport concessions. Headquartered in Buenos Aires, Argentina, the firm oversees long-term agreements that cover the planning, design, financing and ongoing operation of airport facilities. Its integrated approach aims to enhance operational efficiency and passenger experience through modernized terminals and streamlined processes.

The company’s core activities encompass passenger handling, cargo operations and ancillary services such as retail concessions, food and beverage outlets, ground handling, fueling and airport parking.