Sei Investments Co. lessened its position in Copa Holdings, S.A. (NYSE:CPA) by 15.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 80,127 shares of the transportation company’s stock after selling 14,120 shares during the quarter. Sei Investments Co. owned about 0.18% of Copa worth $9,979,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pictet Asset Management Ltd. increased its holdings in shares of Copa by 9.1% in the second quarter. Pictet Asset Management Ltd. now owns 1,853 shares of the transportation company’s stock valued at $210,000 after purchasing an additional 154 shares during the last quarter. HighTower Advisors LLC acquired a new stake in Copa during the first quarter worth $219,000. Global X Management Co. LLC increased its stake in Copa by 0.9% during the second quarter. Global X Management Co. LLC now owns 2,010 shares of the transportation company’s stock worth $235,000 after acquiring an additional 17 shares during the last quarter. Fiera Capital Corp acquired a new stake in Copa during the second quarter worth $250,000. Finally, US Bancorp DE increased its stake in Copa by 50.4% during the second quarter. US Bancorp DE now owns 2,220 shares of the transportation company’s stock worth $260,000 after acquiring an additional 744 shares during the last quarter. Institutional investors and hedge funds own 61.74% of the company’s stock.
Several research firms have issued reports on CPA. J P Morgan Chase & Co raised Copa from a “neutral” rating to an “overweight” rating and set a $155.00 target price for the company in a research note on Tuesday, November 21st. Santander raised Copa from an “underperform” rating to a “hold” rating in a research note on Monday. Bank of America dropped their price objective on Copa from $167.00 to $154.00 and set a “buy” rating for the company in a research note on Tuesday, September 26th. Zacks Investment Research cut Copa from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Finally, UBS raised Copa from a “neutral” rating to a “buy” rating in a research note on Thursday, November 9th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Copa currently has a consensus rating of “Buy” and a consensus target price of $129.69.
Copa Holdings, S.A. (NYSE:CPA) traded down $1.15 during trading hours on Wednesday, reaching $134.19. The company had a trading volume of 184,736 shares, compared to its average volume of 311,874. The stock has a market capitalization of $6,025.03, a price-to-earnings ratio of 17.48, a PEG ratio of 2.37 and a beta of 1.94. Copa Holdings, S.A. has a 52-week low of $90.15 and a 52-week high of $138.69. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.97 and a current ratio of 1.05.
Copa (NYSE:CPA) last released its earnings results on Wednesday, November 8th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.32 by $0.06. The firm had revenue of $657.17 million during the quarter, compared to analyst estimates of $644.36 million. Copa had a return on equity of 16.81% and a net margin of 14.88%. Copa’s revenue was up 15.6% compared to the same quarter last year. During the same period last year, the business posted $1.30 earnings per share. equities analysts anticipate that Copa Holdings, S.A. will post 8.61 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Wednesday, November 29th. Copa’s dividend payout ratio (DPR) is 34.84%.
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Copa Company Profile
Copa Holdings, SA is a provider of airline passenger and cargo service through its principal operating subsidiaries, Compania Panamena de Aviacion, S. A. (Copa Airlines) and AeroRepublica, S. A. (Copa Colombia). The Company operates through air transportation segment. Copa Airlines operates from its position located in the Republic of Panama.
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