SPX Gestao de Recursos Ltda Sells 27,602 Shares of Copa Holdings, S.A. $CPA

SPX Gestao de Recursos Ltda trimmed its stake in Copa Holdings, S.A. (NYSE:CPA) by 6.4% in the third quarter, Holdings Channel.com reports. The firm owned 406,642 shares of the transportation company’s stock after selling 27,602 shares during the quarter. Copa comprises 4.0% of SPX Gestao de Recursos Ltda’s portfolio, making the stock its 5th largest holding. SPX Gestao de Recursos Ltda’s holdings in Copa were worth $48,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. CWM LLC grew its position in Copa by 408.2% during the third quarter. CWM LLC now owns 249 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. US Bancorp DE lifted its position in Copa by 90.2% in the 3rd quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock worth $30,000 after buying an additional 120 shares in the last quarter. Farther Finance Advisors LLC lifted its position in 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 buying an additional 190 shares in the last quarter. Marquette Asset Management LLC acquired a new stake in shares of Copa during the 3rd quarter valued at $36,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of Copa by 100.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 364 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 182 shares in the last quarter. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Copa Trading Down 1.5%

Copa stock opened at $124.99 on Friday. Copa Holdings, S.A. has a one year low of $82.54 and a one year high of $156.41. The company’s fifty day moving average price is $136.41 and its two-hundred day moving average price is $126.17. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.31 and a quick ratio of 1.20. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 0.84 and a beta of 0.89.

Copa (NYSE:CPA) last released its quarterly earnings results on Wednesday, February 11th. The transportation company reported $4.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.44 by ($0.26). The company had revenue of $962.89 million for the quarter, compared to the consensus estimate of $959.22 million. Copa had a return on equity of 25.62% and a net margin of 18.57%.The business’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the company posted $3.99 EPS. On average, analysts forecast that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 5.5%. This is a boost from Copa’s previous quarterly dividend of $1.61. The ex-dividend date is Friday, February 27th. Copa’s dividend payout ratio is 42.04%.

Wall Street Analysts Forecast Growth

CPA has been the subject of several recent research reports. JPMorgan Chase & Co. cut their price objective on Copa from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Monday, December 8th. Wall Street Zen upgraded Copa from a “hold” rating to a “buy” rating in a report on Sunday, February 8th. Barclays increased their price objective on Copa from $150.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $190.00 price objective on shares of Copa in a research report on Monday, February 9th. Finally, Itau BBA Securities assumed coverage on shares of Copa in a research note on Sunday, November 30th. They issued a “market perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $167.75.

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.