Marshall Financial Group LLC Invests $687,000 in Copa Holdings, S.A. $CPA

Marshall Financial Group LLC bought a new stake in shares of Copa Holdings, S.A. (NYSE:CPA) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,696 shares of the transportation company’s stock, valued at approximately $687,000.

Other hedge funds have also recently made changes to their positions in the company. Clark Capital Management Group Inc. lifted its holdings in Copa by 35.2% during the 3rd quarter. Clark Capital Management Group Inc. now owns 550,805 shares of the transportation company’s stock valued at $65,447,000 after buying an additional 143,497 shares in the last quarter. Two Sigma Investments LP boosted its position in Copa by 153.5% in the 3rd quarter. Two Sigma Investments LP now owns 229,076 shares of the transportation company’s stock valued at $27,219,000 after buying an additional 138,700 shares during the period. Wasatch Advisors LP grew its stake in Copa by 33.3% in the 3rd quarter. Wasatch Advisors LP now owns 547,618 shares of the transportation company’s stock worth $65,068,000 after acquiring an additional 136,719 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Copa by 56.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 340,554 shares of the transportation company’s stock worth $31,488,000 after acquiring an additional 122,413 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Copa during the second quarter worth approximately $12,875,000. 70.09% of the stock is currently owned by institutional investors.

Copa Price Performance

Shares of CPA opened at $113.43 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.20 and a current ratio of 1.31. The company has a 50 day moving average price of $134.16 and a 200-day moving average price of $126.20. Copa Holdings, S.A. has a fifty-two week low of $82.54 and a fifty-two week high of $156.41. The stock has a market capitalization of $4.67 billion, a PE ratio of 6.97, a PEG ratio of 0.80 and a beta of 0.89.

Copa (NYSE:CPA) last issued its quarterly earnings data 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 business had revenue of $962.89 million for the quarter, compared to analysts’ expectations of $959.22 million. Copa had a net margin of 18.57% and a return on equity of 25.62%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.99 earnings per share. Equities analysts predict 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 was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a $1.71 dividend. The ex-dividend date was Friday, February 27th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 6.0%. This is a boost from Copa’s previous quarterly dividend of $1.61. Copa’s dividend payout ratio (DPR) is 42.04%.

Analyst Ratings Changes

Several analysts have recently weighed in on CPA shares. Itau BBA Securities began coverage on shares of Copa in a research note on Sunday, November 30th. They set a “market perform” rating for the company. Citigroup reduced their price objective on Copa from $155.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. JPMorgan Chase & Co. decreased their target price on Copa from $170.00 to $165.00 and set an “overweight” rating for the company in a research report on Thursday, March 12th. The Goldman Sachs Group cut Copa from a “buy” rating to a “neutral” rating and upped their target price for the stock from $150.00 to $151.00 in a report on Thursday, February 12th. Finally, Barclays increased their price target on Copa from $150.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Copa currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.44.

Copa 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.