5 Best Airport Stocks to Buy According to Hedge Funds

In this piece we will look at the 5 Best Airport Stocks to Buy According to Hedge Funds. Please visit 8 Best Airport Stocks to Buy According to Hedge Funds if you’d like to see an extended list and how we came up with the list of Best Airport Stocks to Buy According to Hedge Funds.

5. Corporación América Airports S.A. (NYSE:CAAP)

Number of Hedge Fund Holders: 13

​Corporación América Airports S.A. (NYSE:CAAP) is one of the Best Airport Stocks to Buy According to Hedge Funds. On May 13, Corporación América Airports S.A. (NYSE:CAAP) delivered strong first-quarter results driven by broad-based growth across traffic, revenue, and profitability metrics.

​During the quarter, the company reported 7% year-over-year passenger traffic growth to 21.8 million. This was led by a 14% increase in international passengers. Moreover, the cargo volumes also improved 1.7% to 95.2 thousand tons, and aircraft movements increased 3.5% to 213,500.

​As a result, the consolidated revenue rose 18.8% to $495.2 million, with both Commercial and Aeronautical revenues growing at 21.0% and 17.4%, respectively. Notably, revenue growth comfortably outpaced passenger traffic growth. Management noted that excluding the effect of Argentina’s hyperinflation accounting rule, revenues still grew 15.5% to $477.9 million.

​The profitability also improved as operating income rose to $139.5 million from $104.0 million a year ago, and adjusted EBITDA climbed 26.1% to $196.2 million, with the margin expanding 2.3% to 39.6%.

Corporación América Airports S.A. (NYSE:CAAP) is a firm that works in the acquisition, development, and administration of airport concessionaires. It operates in the following geographical segments: Argentina, Italy, Brazil, Uruguay, Ecuador, and Armenia.