10,543 Shares in Copa Holdings, S.A. $CPA Purchased by Range Financial Group LLC

Range Financial Group LLC purchased a new position in Copa Holdings, S.A. (NYSE:CPA) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,543 shares of the transportation company’s stock, valued at approximately $1,390,000.

A number of other large investors have also bought and sold shares of CPA. Hilton Head Capital Partners LLC raised its holdings in Copa by 44.0% during the 1st quarter. Hilton Head Capital Partners LLC now owns 324 shares of the transportation company’s stock worth $37,000 after buying an additional 99 shares during the period. Elevation Wealth Partners LLC boosted its holdings in shares of Copa by 59.3% in the third quarter. Elevation Wealth Partners LLC now owns 266 shares of the transportation company’s stock valued at $35,000 after buying an additional 99 shares during the period. Triumph Capital Management increased its position in shares of Copa by 26.7% during the second quarter. Triumph Capital Management now owns 570 shares of the transportation company’s stock worth $89,000 after acquiring an additional 120 shares in the last quarter. IFP Advisors Inc increased its position in shares of Copa by 15.4% during the third quarter. IFP Advisors Inc now owns 959 shares of the transportation company’s stock worth $126,000 after acquiring an additional 128 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Copa by 5.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,181 shares of the transportation company’s stock valued at $361,000 after acquiring an additional 151 shares in the last quarter. 70.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. 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 note on Monday, August 24th. UBS Group decreased their price target on shares of Copa from $195.00 to $185.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. Wall Street Zen downgraded shares of Copa from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Copa in a research report on Tuesday, August 11th. One equities research 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 data from MarketBeat, Copa presently has a consensus rating of “Buy” and a consensus price target of $172.20.

Copa Stock Performance

Shares of Copa stock opened at $135.25 on Wednesday. Copa Holdings, S.A. has a 1 year low of $107.44 and a 1 year high of $160.46. The firm’s 50-day moving average is $131.85 and its 200 day moving average is $134.10. The stock has a market cap of $5.56 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 1.26 and a beta of 1.05. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.97.

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

Copa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were given a dividend of $1.71 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $6.84 annualized dividend and a dividend yield of 5.1%. Copa’s dividend payout ratio (DPR) is 44.97%.

Copa Company 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.