The Manufacturers Life Insurance Company Takes $839,000 Position in Corporación América Airports S.A. (NYSE:CAAP)

The Manufacturers Life Insurance Company acquired a new position in Corporación América Airports S.A. (NYSE:CAAP) in the 2nd quarter, HoldingsChannel reports. The firm acquired 50,405 shares of the company’s stock, valued at approximately $839,000.

A number of other large investors have also recently made changes to their positions in the business. Rhumbline Advisers bought a new stake in shares of Corporación América Airports during the 2nd quarter valued at about $98,000. Virtu Financial LLC bought a new stake in shares of Corporación América Airports during the 1st quarter valued at $177,000. Invst LLC increased its stake in shares of Corporación América Airports by 79.1% in the 1st quarter. Invst LLC now owns 20,349 shares of the company’s stock worth $343,000 after acquiring an additional 8,990 shares in the last quarter. Ping Capital Management Inc. purchased a new position in Corporación América Airports during the 2nd quarter valued at about $383,000. Finally, Meixler Investment Management Ltd. bought a new stake in Corporación América Airports during the first quarter worth about $402,000. 12.95% of the stock is currently owned by institutional investors.

Corporación América Airports Price Performance

CAAP stock opened at $18.88 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.30 and a current ratio of 1.32. The firm has a 50 day moving average price of $16.25 and a 200-day moving average price of $16.87. Corporación América Airports S.A. has a 52-week low of $10.57 and a 52-week high of $19.31. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 7.61 and a beta of 2.07.

Corporación América Airports (NYSE:CAAP) last announced its quarterly earnings data on Wednesday, August 21st. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). Corporación América Airports had a net margin of 22.57% and a return on equity of 33.87%. The company had revenue of $416.20 million for the quarter. During the same period last year, the firm earned $0.43 EPS. Equities research analysts forecast that Corporación América Airports S.A. will post 0.96 EPS for the current fiscal year.

Corporación América Airports 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.