Copa Holdings, S.A. $CPA Shares Sold by Hosking Partners LLP

Hosking Partners LLP decreased its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 9.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,372 shares of the transportation company’s stock after selling 5,814 shares during the period. Hosking Partners LLP’s holdings in Copa were worth $7,564,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cullen Capital Management LLC acquired a new stake in shares of Copa in the second quarter valued at about $88,871,000. INCA Investments LLC bought a new position in shares of Copa in the first quarter worth about $26,950,000. Globeflex Capital L P bought a new position in shares of Copa in the second quarter worth about $13,579,000. Quantinno Capital Management LP lifted its position in shares of Copa by 94.7% during the 1st quarter. Quantinno Capital Management LP now owns 143,618 shares of the transportation company’s stock worth $16,316,000 after purchasing an additional 69,838 shares during the last quarter. Finally, Artemis Investment Management LLP lifted its position in shares of Copa by 64.9% during the 3rd quarter. Artemis Investment Management LLP now owns 159,559 shares of the transportation company’s stock worth $21,038,000 after purchasing an additional 62,789 shares during the last quarter. 70.09% of the stock is currently owned by institutional investors.

Copa Stock Performance

NYSE:CPA opened at $136.07 on Thursday. The firm’s 50-day moving average is $131.86 and its 200-day moving average is $134.25. Copa Holdings, S.A. has a 52-week low of $107.44 and a 52-week high of $160.46. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 1.06. The company has a market cap of $5.60 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 1.29 and a beta of 1.05.

Copa (NYSE:CPA) last released its earnings results on Saturday, August 8th. The transportation company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.21). Copa had a net margin of 15.71% and a return on equity of 22.40%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the business posted $3.61 EPS. The firm’s quarterly revenue was up 25.7% on a year-over-year basis. Equities research analysts anticipate that Copa Holdings, S.A. will post 14.78 earnings per share for the current year.

Copa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were issued a $1.71 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $6.84 annualized dividend and a yield of 5.0%. Copa’s dividend payout ratio is 44.97%.

Analyst Ratings Changes

Several brokerages recently weighed in on CPA. Weiss Ratings restated a “buy (b)” rating on shares of Copa in a research note on Tuesday, August 11th. Raymond James Financial dropped their price target on Copa from $195.00 to $185.00 and set a “strong-buy” rating on the stock in a research report on Monday, August 24th. UBS Group dropped their price target on Copa from $195.00 to $185.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Finally, Wall Street Zen lowered Copa from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $172.20.

Copa Profile

Copa Holdings, SA is a Panama-based airline holding company whose principal subsidiary is Compañía Panameña de Aviación, SA, known as Copa Airlines. The company provides scheduled passenger air transportation, with Tocumen International Airport in Panama City serving as its primary hub.

Copa Airlines operates a network connecting Panama with destinations across North, Central and South America and the Caribbean. Its services support both business and leisure travel, with connecting traffic routed through Panama’s geographic position as a regional aviation hub.

Copa Holdings also has an interest in Wingo, a low-cost airline serving Colombia and other markets in the Americas.