150,000 Shares in Corporacion America Airports SA (CAAP) Acquired by Serengeti Asset Management LP

Serengeti Asset Management LP purchased a new stake in shares of Corporacion America Airports SA (NYSE:CAAP) during the 3rd quarter, HoldingsChannel reports. The fund purchased 150,000 shares of the company’s stock, valued at approximately $1,281,000. Corporacion America Airports makes up 0.2% of Serengeti Asset Management LP’s portfolio, making the stock its 23rd biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. RWC Asset Management LLP increased its stake in shares of Corporacion America Airports by 1.2% in the 3rd quarter. RWC Asset Management LLP now owns 4,908,100 shares of the company’s stock worth $41,915,000 after purchasing an additional 56,395 shares in the last quarter. Highland Capital Management LP purchased a new stake in shares of Corporacion America Airports in the 2nd quarter worth $13,680,000. BlackRock Inc. increased its stake in shares of Corporacion America Airports by 26.8% in the 2nd quarter. BlackRock Inc. now owns 1,536,283 shares of the company’s stock worth $12,967,000 after purchasing an additional 324,952 shares in the last quarter. Makaira Partners LLC increased its stake in shares of Corporacion America Airports by 10.8% in the 2nd quarter. Makaira Partners LLC now owns 1,076,379 shares of the company’s stock worth $9,085,000 after purchasing an additional 104,979 shares in the last quarter. Finally, Bienville Capital Management LLC increased its stake in shares of Corporacion America Airports by 46.6% in the 2nd quarter. Bienville Capital Management LLC now owns 1,052,945 shares of the company’s stock worth $8,887,000 after purchasing an additional 334,755 shares in the last quarter. 13.35% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:CAAP opened at $8.16 on Thursday. 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 firm has a market capitalization of $1.29 billion and a PE ratio of 17.36. Corporacion America Airports SA has a one year low of $7.62 and a one year high of $17.99.

Corporacion America Airports (NYSE:CAAP) last posted its quarterly earnings data on Tuesday, August 21st. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.27). The firm had revenue of $397.10 million during the quarter, compared to analysts’ expectations of $373.10 million. Sell-side analysts expect that Corporacion America Airports SA will post 0.31 EPS for the current fiscal year.

Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded Corporacion America Airports from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Bank of America reduced their price objective on Corporacion America Airports from $23.00 to $14.00 and set a “buy” rating for the company in a research note on Monday, September 10th.

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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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