Banco BTG Pactual S.A. Grows Holdings in Copa Holdings, S.A. $CPA

Banco BTG Pactual S.A. boosted its holdings in Copa Holdings, S.A. (NYSE:CPA) by 185.0% in the 4th quarter, Holdings Channel reports. The firm owned 10,090 shares of the transportation company’s stock after purchasing an additional 6,550 shares during the period. Banco BTG Pactual S.A.’s holdings in Copa were worth $1,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GSA Capital Partners LLP raised its position in Copa by 657.8% in the 3rd quarter. GSA Capital Partners LLP now owns 19,786 shares of the transportation company’s stock valued at $2,351,000 after purchasing an additional 17,175 shares during the last quarter. Capital World Investors raised its position in Copa by 0.9% in the 3rd quarter. Capital World Investors now owns 4,573,570 shares of the transportation company’s stock valued at $543,432,000 after purchasing an additional 40,285 shares during the last quarter. Aptus Capital Advisors LLC raised its position in Copa by 14.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 65,537 shares of the transportation company’s stock valued at $7,787,000 after purchasing an additional 8,510 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Copa by 33.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 104,675 shares of the transportation company’s stock valued at $12,438,000 after purchasing an additional 26,158 shares during the last quarter. Finally, Mirabella Financial Services LLP purchased a new stake in Copa in the 3rd quarter valued at $3,809,000. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Copa Stock Performance

NYSE:CPA opened at $138.80 on Friday. 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 fifty-two week low of $99.32 and a fifty-two week high of $156.41. The stock has a market cap of $5.71 billion, a PE ratio of 8.09, a price-to-earnings-growth ratio of 1.03 and a beta of 1.00. The firm’s fifty day simple moving average is $125.69 and its 200-day simple moving average is $127.10.

Copa (NYSE:CPA) last posted its quarterly earnings results on Wednesday, May 13th. The transportation company reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $4.43 by $0.73. Copa had a net margin of 18.76% and a return on equity of 26.01%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the company posted $4.28 EPS. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. Analysts expect that Copa Holdings, S.A. will post 15.18 earnings per share for the current fiscal year.

Copa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a dividend of $1.71 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.9%. Copa’s dividend payout ratio is 39.88%.

Wall Street Analysts Forecast Growth

CPA has been the topic of several recent research reports. The Goldman Sachs Group boosted their price objective on shares of Copa from $138.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Bank of America dropped their price objective on shares of Copa from $212.00 to $171.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. Barclays dropped their price objective on shares of Copa from $185.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 24th. Wall Street Zen raised shares of Copa from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Evercore reissued an “outperform” rating and issued a $175.00 price objective on shares of Copa in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $167.30.

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.