Two Sigma Advisers LP lifted its holdings in Copa Holdings (NYSE:CPA) by 7.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 320,074 shares of the transportation company’s stock after buying an additional 22,000 shares during the period. Two Sigma Advisers LP owned approximately 0.72% of Copa worth $42,909,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. boosted its stake in shares of Copa by 0.3% in the 4th quarter. Franklin Resources Inc. now owns 143,362 shares of the transportation company’s stock worth $19,219,000 after buying an additional 396 shares during the last quarter. Hosking Partners LLP boosted its stake in shares of Copa by 0.6% in the 3rd quarter. Hosking Partners LLP now owns 84,965 shares of the transportation company’s stock worth $10,581,000 after buying an additional 532 shares during the last quarter. Aperio Group LLC lifted its stake in Copa by 5.8% in the fourth quarter. Aperio Group LLC now owns 12,657 shares of the transportation company’s stock valued at $1,697,000 after purchasing an additional 699 shares during the last quarter. Chicago Equity Partners LLC lifted its stake in Copa by 0.7% in the fourth quarter. Chicago Equity Partners LLC now owns 107,430 shares of the transportation company’s stock valued at $14,402,000 after purchasing an additional 745 shares during the last quarter. Finally, Cerebellum GP LLC purchased a new position in Copa in the fourth quarter valued at approximately $126,000. Hedge funds and other institutional investors own 64.87% of the company’s stock.
Several equities analysts recently commented on CPA shares. Cowen reiterated a “hold” rating and issued a $137.00 price objective on shares of Copa in a research note on Tuesday, January 9th. Zacks Investment Research upgraded Copa from a “hold” rating to a “buy” rating and set a $148.00 price objective on the stock in a research note on Tuesday, January 9th. Bank of America started coverage on Copa in a research note on Friday, January 12th. They issued a “buy” rating on the stock. UBS set a $121.00 price objective on Copa and gave the company a “sell” rating in a research note on Friday, February 16th. Finally, Buckingham Research reiterated a “buy” rating and issued a $165.00 price objective (up previously from $163.00) on shares of Copa in a research note on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $146.00.
Shares of Copa stock traded down $6.80 during trading on Friday, hitting $123.12. The stock had a trading volume of 490,415 shares, compared to its average volume of 230,008. The stock has a market cap of $5,443.13, a P/E ratio of 14.22, a PEG ratio of 0.82 and a beta of 1.74. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.06 and a current ratio of 1.13. Copa Holdings has a 12 month low of $107.90 and a 12 month high of $141.34.
Copa (NYSE:CPA) last released its earnings results on Wednesday, February 21st. The transportation company reported $2.36 EPS for the quarter, beating the Zacks’ consensus estimate of $2.33 by $0.03. The business had revenue of $675.58 million for the quarter, compared to analysts’ expectations of $666.96 million. Copa had a return on equity of 18.25% and a net margin of 14.64%. The firm’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.26 earnings per share. sell-side analysts predict that Copa Holdings will post 10.39 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Monday, March 5th were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date was Friday, March 2nd. This is a boost from Copa’s previous quarterly dividend of $0.75. Copa’s dividend payout ratio is currently 40.18%.
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Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services in Panama and internationally. The company offers flights to 75 destinations in 31 countries in North, Central, and South America, as well as the Caribbean. As of February, 22, 2018, it operated a fleet of 101 aircraft comprising 81 Boeing 737NG aircraft and 20 Embraer-190s aircraft.
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