Copa Holdings, S.A. (CPA) Stake Raised by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA increased its stake in Copa Holdings, S.A. (NYSE:CPA) by 22.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,156 shares of the transportation company’s stock after buying an additional 4,120 shares during the period. BNP Paribas Arbitrage SA owned about 0.05% of Copa Holdings, worth $2,592,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Bank of America Corp DE increased its stake in shares of Copa Holdings, by 910.3% in the first quarter. Bank of America Corp DE now owns 412,596 shares of the transportation company’s stock valued at $46,313,000 after buying an additional 371,756 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Copa Holdings, during the first quarter valued at $10,013,000. HighTower Advisors LLC bought a new stake in shares of Copa Holdings, during the first quarter valued at $219,000. Principal Financial Group Inc. increased its stake in shares of Copa Holdings, by 895.4% in the first quarter. Principal Financial Group Inc. now owns 255,621 shares of the transportation company’s stock valued at $28,693,000 after buying an additional 229,941 shares in the last quarter. Finally, James Investment Research Inc. bought a new stake in shares of Copa Holdings, during the second quarter valued at $1,408,000. Institutional investors and hedge funds own 64.31% of the company’s stock.
Shares of Copa Holdings, S.A. (CPA) opened at 121.33 on Wednesday. The company has a 50-day moving average of $125.88 and a 200 day moving average of $115.44. Copa Holdings, S.A. has a 52-week low of $75.74 and a 52-week high of $133.70. The stock has a market cap of $5.15 billion, a P/E ratio of 15.63 and a beta of 1.80.
Copa Holdings, (NYSE:CPA) last issued its quarterly earnings results on Wednesday, August 9th. The transportation company reported $1.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.48. Copa Holdings, had a return on equity of 14.98% and a net margin of 14.17%. The business had revenue of $578.10 million for the quarter, compared to analyst estimates of $567.47 million. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The firm’s revenue for the quarter was up 16.9% compared to the same quarter last year. Equities research analysts forecast that Copa Holdings, S.A. will post $8.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Tuesday, August 29th. This is a positive change from Copa Holdings,’s previous quarterly dividend of $0.51. Copa Holdings,’s dividend payout ratio is 25.79%.
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CPA has been the subject of several recent analyst reports. Bank of America Corporation boosted their price objective on shares of Copa Holdings, from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. BidaskClub downgraded shares of Copa Holdings, from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Deutsche Bank AG restated a “buy” rating and set a $137.00 price objective (up previously from $134.00) on shares of Copa Holdings, in a research report on Tuesday, July 18th. Zacks Investment Research upgraded shares of Copa Holdings, from a “hold” rating to a “buy” rating and set a $139.00 price objective for the company in a research report on Tuesday, July 11th. Finally, ValuEngine downgraded shares of Copa Holdings, from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $110.79.
About Copa Holdings,
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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