Globeflex Capital L P Buys Shares of 87,283 Copa Holdings, S.A. $CPA

Globeflex Capital L P acquired a new stake in shares of Copa Holdings, S.A. (NYSE:CPA) during the second quarter, Holdings Channel reports. The firm acquired 87,283 shares of the transportation company’s stock, valued at approximately $13,579,000. Copa comprises 1.7% of Globeflex Capital L P’s investment portfolio, making the stock its 4th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elevation Wealth Partners LLC raised its holdings in shares of Copa by 240.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 167 shares of the transportation company’s stock worth $26,000 after purchasing an additional 118 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of Copa in the fourth quarter worth $27,000. Empowered Funds LLC acquired a new stake in Copa during the 4th quarter worth about $29,000. US Bancorp DE boosted its position 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 acquiring an additional 120 shares during the period. Finally, SJS Investment Consulting Inc. grew its stake in Copa by 284.2% during the 1st quarter. SJS Investment Consulting Inc. now owns 292 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 216 shares in the last quarter. 70.09% of the stock is currently owned by institutional investors.

Copa Stock Performance

NYSE CPA opened at $129.59 on Monday. Copa Holdings, S.A. has a twelve month low of $107.44 and a twelve month high of $160.46. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. The company’s 50-day simple moving average is $143.99 and its 200 day simple moving average is $133.88. The stock has a market cap of $5.33 billion, a P/E ratio of 8.52, a PEG ratio of 1.14 and a beta of 1.01.

Copa (NYSE:CPA) last posted its earnings results on Saturday, August 8th. The transportation company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.21). Copa had a return on equity of 22.40% and a net margin of 15.71%.The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the business earned $3.61 EPS. Copa’s quarterly revenue was up 25.7% compared to the same quarter last year. As a group, research analysts forecast that Copa Holdings, S.A. will post 16.05 earnings per share for the current fiscal year.

Copa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $1.71 dividend. The ex-dividend date is Monday, August 31st. This represents a $6.84 dividend on an annualized basis and a dividend yield of 5.3%. Copa’s payout ratio is 44.97%.

Wall Street Analysts Forecast Growth

CPA has been the topic of several research analyst reports. Raymond James Financial boosted their price target on shares of Copa from $190.00 to $195.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 14th. Jefferies Financial Group began coverage on shares of Copa in a research report on Thursday, June 18th. They issued a “buy” rating and a $185.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on Copa from $165.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. The Goldman Sachs Group boosted their price objective on Copa from $138.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Evercore restated an “outperform” rating and set a $175.00 target price on shares of Copa in a research note on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $173.20.

About Copa

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.