Deltec Asset Management LLC Trims Holdings in Copa Holdings, S.A. $CPA

Deltec Asset Management LLC decreased its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 26.3% in the first quarter, HoldingsChannel reports. The firm owned 27,925 shares of the transportation company’s stock after selling 9,975 shares during the quarter. Deltec Asset Management LLC’s holdings in Copa were worth $3,173,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Hilton Head Capital Partners LLC increased its holdings in Copa by 44.0% in the 1st quarter. Hilton Head Capital Partners LLC now owns 324 shares of the transportation company’s stock worth $37,000 after buying an additional 99 shares during the period. Focus Financial Network Inc. lifted its stake in Copa by 4.9% during the 4th quarter. Focus Financial Network Inc. now owns 2,193 shares of the transportation company’s stock valued at $264,000 after acquiring an additional 102 shares during the period. Burney Co. lifted its stake in Copa by 1.9% during the 4th quarter. Burney Co. now owns 6,032 shares of the transportation company’s stock valued at $728,000 after acquiring an additional 111 shares during the period. MGO One Seven LLC boosted its holdings in shares of Copa by 3.1% in the 4th quarter. MGO One Seven LLC now owns 3,743 shares of the transportation company’s stock valued at $451,000 after acquiring an additional 112 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake in shares of Copa by 5.8% in the third quarter. Private Advisor Group LLC now owns 2,158 shares of the transportation company’s stock worth $256,000 after acquiring an additional 119 shares during the period. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Copa Trading Down 1.5%

CPA stock opened at $153.23 on Thursday. The company’s 50-day simple moving average is $134.76 and its 200-day simple moving average is $130.24. The company has a quick ratio of 1.06, a current ratio of 1.16 and a debt-to-equity ratio of 0.66. Copa Holdings, S.A. has a 52-week low of $106.56 and a 52-week high of $160.46. The firm has a market cap of $6.30 billion, a P/E ratio of 8.93, a PEG ratio of 1.18 and a beta of 0.99.

Copa (NYSE:CPA) last posted its earnings results on Wednesday, May 13th. The transportation company reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.43 by $0.73. Copa had a return on equity of 26.01% and a net margin of 18.76%.The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the firm earned $4.28 EPS. The company’s quarterly revenue was up 17.0% on a year-over-year basis. As a group, equities analysts forecast that Copa Holdings, S.A. will post 15.96 EPS for the current fiscal year.

Copa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Friday, May 29th. Copa’s dividend payout ratio (DPR) is presently 39.88%.

Wall Street Analysts Forecast Growth

CPA has been the subject of a number of research reports. Citigroup decreased their target price on shares of Copa from $155.00 to $140.00 and set a “buy” rating for the company in a research report on Tuesday, March 17th. UBS Group boosted their price objective on Copa from $185.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Evercore reaffirmed an “outperform” rating and set a $175.00 target price on shares of Copa in a report on Friday, May 15th. Bank of America decreased their price target on Copa from $212.00 to $171.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Finally, Wall Street Zen upgraded Copa from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $168.91.

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.