Novem Group Takes Position in Copa Holdings, S.A. $CPA

Novem Group bought a new position in Copa Holdings, S.A. (NYSE:CPA) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 8,068 shares of the transportation company’s stock, valued at approximately $973,000.

Other large investors have also recently bought and sold shares of the company. CWM LLC boosted its position in Copa by 408.2% during the 3rd quarter. CWM LLC now owns 249 shares of the transportation company’s stock worth $30,000 after buying an additional 200 shares during the period. US Bancorp DE raised its holdings in Copa by 90.2% during the 3rd quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock worth $30,000 after purchasing an additional 120 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Copa by 271.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock worth $31,000 after purchasing an additional 190 shares during the period. Marquette Asset Management LLC acquired a new position in shares of Copa in the 3rd quarter worth approximately $36,000. Finally, Triumph Capital Management bought a new stake in shares of Copa in the 3rd quarter valued at $36,000. 70.09% of the stock is currently owned by institutional investors.

Copa Price Performance

Copa stock opened at $121.10 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.31 and a debt-to-equity ratio of 0.65. The stock has a market cap of $4.98 billion, a P/E ratio of 7.44, a P/E/G ratio of 1.08 and a beta of 1.01. The company’s 50 day moving average price is $125.27 and its two-hundred day moving average price is $126.05. Copa Holdings, S.A. has a 52 week low of $86.74 and a 52 week high of $156.41.

Copa (NYSE:CPA) last posted its quarterly earnings data on Wednesday, February 11th. The transportation company reported $4.46 earnings per share for the quarter, topping the consensus estimate of $4.44 by $0.02. Copa had a return on equity of 25.62% and a net margin of 18.57%.The business had revenue of $962.89 million for the quarter, compared to analysts’ expectations of $959.22 million. During the same quarter in the previous year, the firm earned $3.99 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. On average, equities analysts predict that Copa Holdings, S.A. will post 14.21 earnings per share for the current year.

Copa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a dividend of $1.71 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 5.6%. This is an increase from Copa’s previous quarterly dividend of $1.61. Copa’s payout ratio is currently 42.04%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. The Goldman Sachs Group raised shares of Copa from a “neutral” rating to a “buy” rating and cut their price target for the company from $151.00 to $138.00 in a research report on Monday, April 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $190.00 target price on shares of Copa in a research note on Monday, February 9th. Citigroup lowered their target price on Copa from $155.00 to $140.00 and set a “buy” rating for the company in a report on Tuesday, March 17th. JPMorgan Chase & Co. reduced their price objective on shares of Copa from $170.00 to $165.00 and set an “overweight” rating for the company in a research report on Thursday, March 12th. Finally, Barclays lowered their price objective on shares of Copa from $185.00 to $165.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Copa currently has an average rating of “Buy” and a consensus price target of $165.00.

Copa Company Profile

Copa Holdings, SA (NYSE:CPA) is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.