Copa Holdings, S.A. (CPA) Shares Bought by AHL Partners LLP
AHL Partners LLP lifted its stake in Copa Holdings, S.A. (NYSE:CPA) by 155.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,335 shares of the transportation company’s stock after purchasing an additional 42,213 shares during the period. AHL Partners LLP owned approximately 0.16% of Copa Holdings, worth $8,112,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its holdings in Copa Holdings, by 3.4% during the first quarter. Bank of New York Mellon Corp now owns 135,055 shares of the transportation company’s stock worth $15,161,000 after buying an additional 4,451 shares in the last quarter. Comerica Bank grew its position in Copa Holdings, by 0.9% during the first quarter. Comerica Bank now owns 3,054 shares of the transportation company’s stock worth $353,000 after buying an additional 26 shares during the period. UBS Asset Management Americas Inc. grew its position in Copa Holdings, by 35.9% during the first quarter. UBS Asset Management Americas Inc. now owns 42,013 shares of the transportation company’s stock worth $4,716,000 after buying an additional 11,100 shares during the period. Karp Capital Management Corp acquired a new position in Copa Holdings, during the first quarter worth about $1,330,000. Finally, Ameriprise Financial Inc. grew its position in Copa Holdings, by 346.3% during the first quarter. Ameriprise Financial Inc. now owns 29,995 shares of the transportation company’s stock worth $3,367,000 after buying an additional 23,274 shares during the period. Hedge funds and other institutional investors own 64.28% of the company’s stock.
A number of research firms have recently issued reports on CPA. Deutsche Bank AG reiterated a “buy” rating and set a $137.00 price target (up from $134.00) on shares of Copa Holdings, in a research report on Tuesday, July 18th. Bank of America Corporation lowered their price target on Copa Holdings, from $167.00 to $154.00 and set a “buy” rating on the stock in a report on Tuesday, September 26th. BidaskClub cut Copa Holdings, from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research raised Copa Holdings, from a “hold” rating to a “buy” rating and set a $139.00 price objective for the company in a research note on Tuesday, July 11th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $120.00 price objective on shares of Copa Holdings, in a research note on Friday, August 11th. Six 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 company’s stock. Copa Holdings, currently has a consensus rating of “Buy” and an average target price of $116.39.
Shares of Copa Holdings, S.A. (NYSE:CPA) traded down 0.34% on Wednesday, hitting $130.58. The company had a trading volume of 33,844 shares. The company has a 50-day moving average of $126.90 and a 200 day moving average of $120.11. Copa Holdings, S.A. has a 12 month low of $83.32 and a 12 month high of $134.25. The stock has a market cap of $5.54 billion, a PE ratio of 16.83 and a beta of 1.80.
Copa Holdings, (NYSE:CPA) last released its earnings results on Wednesday, August 9th. The transportation company reported $1.48 EPS for the quarter, meeting the consensus estimate of $1.48. The business had revenue of $578.10 million during the quarter, compared to analyst estimates of $567.47 million. Copa Holdings, had a net margin of 14.17% and a return on equity of 14.98%. The business’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 earnings per share. Analysts anticipate that Copa Holdings, S.A. will post $8.55 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were given a $0.75 dividend. This is a positive change from Copa Holdings,’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $3.00 annualized dividend and a yield of 2.29%. Copa Holdings,’s payout ratio is 37.93%.
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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