RWC Asset Management LLP Reduces Stock Position in Corporación América Airports S.A. (NYSE:CAAP)

RWC Asset Management LLP reduced its holdings in shares of Corporación América Airports S.A. (NYSE:CAAP) by 52.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 141,817 shares of the company’s stock after selling 156,202 shares during the period. RWC Asset Management LLP’s holdings in Corporación América Airports were worth $2,646,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CAAP. Helikon Investments Ltd boosted its stake in Corporación América Airports by 10.1% during the 3rd quarter. Helikon Investments Ltd now owns 8,131,794 shares of the company’s stock valued at $141,981,000 after acquiring an additional 746,084 shares during the last quarter. Fourth Sail Capital LP lifted its position in shares of Corporación América Airports by 22.9% during the third quarter. Fourth Sail Capital LP now owns 1,615,054 shares of the company’s stock worth $28,199,000 after purchasing an additional 300,529 shares during the last quarter. Citigroup Inc. lifted its position in shares of Corporación América Airports by 0.6% during the third quarter. Citigroup Inc. now owns 1,050,579 shares of the company’s stock worth $18,343,000 after purchasing an additional 6,600 shares during the last quarter. abrdn plc increased its holdings in Corporación América Airports by 8.7% in the fourth quarter. abrdn plc now owns 366,362 shares of the company’s stock valued at $6,880,000 after buying an additional 29,462 shares during the last quarter. Finally, State Street Corp grew its position in shares of Corporación América Airports by 6.8% in the 3rd quarter. State Street Corp now owns 266,233 shares of the company’s stock worth $4,648,000 after acquiring an additional 16,838 shares in the last quarter. Institutional investors and hedge funds own 12.95% of the company’s stock.

Corporación América Airports Stock Performance

Shares of NYSE CAAP opened at $18.64 on Monday. The company has a quick ratio of 1.27, a current ratio of 1.29 and a debt-to-equity ratio of 0.71. The firm’s 50-day moving average price is $19.24 and its two-hundred day moving average price is $18.16. The stock has a market capitalization of $3.04 billion, a P/E ratio of 8.63 and a beta of 1.97. Corporación América Airports S.A. has a 52-week low of $13.74 and a 52-week high of $20.79.

About Corporación América Airports

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.