Trinity Street Asset Management LLP acquired a new stake in Copa Holdings SA (NYSE:CPA) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 485,224 shares of the company’s stock, valued at approximately $42,665,000. Copa Holdings SA accounts for about 7.4% of Trinity Street Asset Management LLP’s investment portfolio, making the stock its 6th largest position. Trinity Street Asset Management LLP owned 1.15% of Copa Holdings SA as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of CPA. Schwab Charles Investment Management Inc. raised its stake in shares of Copa Holdings SA by 23.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 78,900 shares of the company’s stock valued at $4,124,000 after buying an additional 14,870 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Copa Holdings SA by 22.0% in the second quarter. Stifel Financial Corp now owns 149,565 shares of the company’s stock valued at $7,815,000 after buying an additional 26,991 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Copa Holdings SA during the second quarter valued at about $342,000. AQR Capital Management LLC purchased a new stake in shares of Copa Holdings SA during the second quarter valued at about $251,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Copa Holdings SA during the second quarter valued at about $327,000. Institutional investors own 73.42% of the company’s stock.

Institutional Ownership by Quarter for Copa Holdings SA (NYSE:CPA)

Copa Holdings SA (NYSE:CPA) traded up 0.26% during trading on Monday, reaching $92.92. The company’s stock had a trading volume of 409,229 shares. Copa Holdings SA has a 12-month low of $42.61 and a 12-month high of $97.00. The company’s market capitalization is $3.94 billion. The firm’s 50-day moving average price is $89.74 and its 200 day moving average price is $72.72.

Copa Holdings SA (NYSE:CPA) last announced its earnings results on Tuesday, November 8th. The company reported $1.30 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.08. The firm earned $569 million during the quarter, compared to analysts’ expectations of $548.76 million. Copa Holdings SA had a return on equity of 10.56% and a net margin of 11.42%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 EPS. On average, analysts predict that Copa Holdings SA will post $5.15 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Monday, November 28th. Copa Holdings SA’s payout ratio is currently 35.05%.

Several analysts have issued reports on the company. Goldman Sachs Group Inc. raised Copa Holdings SA from a “neutral” rating to a “buy” rating and upped their target price for the stock from $71.00 to $100.00 in a research note on Wednesday, November 16th. Wolfe Research raised Copa Holdings SA from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 10th. Cowen and Company reissued a “market perform” rating and set a $90.00 price objective (up previously from $72.00) on shares of Copa Holdings SA in a research note on Thursday, November 10th. Citigroup Inc. raised Copa Holdings SA from a “hold” rating to a “buy” rating and increased their price objective for the company from $90.00 to $105.00 in a research note on Wednesday, November 9th. Finally, Deutsche Bank AG raised Copa Holdings SA from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research note on Wednesday, November 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Copa Holdings SA has a consensus rating of “Buy” and an average target price of $89.42.

Copa Holdings SA 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.

5 Day Chart for NYSE:CPA

Receive News & Stock Ratings for Copa Holdings SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copa Holdings SA and related stocks with our FREE daily email newsletter.