MARSHALL WACE ASIA Ltd raised its holdings in Copa Holdings, S.A. (NYSE:CPA) by 17.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 754,414 shares of the transportation company’s stock after buying an additional 112,776 shares during the quarter. Copa makes up approximately 1.8% of MARSHALL WACE ASIA Ltd’s holdings, making the stock its 23rd largest holding. MARSHALL WACE ASIA Ltd’s holdings in Copa were worth $60,813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Baltimore Capital Management Inc. bought a new stake in shares of Copa in the 1st quarter valued at approximately $222,000. Moerus Capital Management LLC lifted its stake in Copa by 2.2% in the first quarter. Moerus Capital Management LLC now owns 25,817 shares of the transportation company’s stock worth $2,081,000 after purchasing an additional 544 shares during the last quarter. Northern Trust Corp increased its position in shares of Copa by 1.0% in the first quarter. Northern Trust Corp now owns 120,137 shares of the transportation company’s stock valued at $9,684,000 after acquiring an additional 1,187 shares during the period. Teza Capital Management LLC purchased a new position in shares of Copa in the first quarter valued at about $307,000. Finally, FIL Ltd increased its position in shares of Copa by 57.5% in the first quarter. FIL Ltd now owns 2,223,758 shares of the transportation company’s stock valued at $179,258,000 after acquiring an additional 811,463 shares during the period. Institutional investors own 66.98% of the company’s stock.
Shares of NYSE CPA traded down $0.09 during midday trading on Friday, hitting $96.10. 1,144 shares of the company traded hands, compared to its average volume of 248,053. Copa Holdings, S.A. has a 12-month low of $67.38 and a 12-month high of $103.95. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.95 and a quick ratio of 0.88. The stock has a market capitalization of $4.00 billion, a P/E ratio of 14.76, a P/E/G ratio of 0.98 and a beta of 1.23.
Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, May 8th. The transportation company reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.47. Copa had a net margin of 1.56% and a return on equity of 11.81%. The company had revenue of $672.17 million for the quarter, compared to analysts’ expectations of $670.26 million. During the same quarter in the previous year, the company earned $3.22 earnings per share. Copa’s quarterly revenue was down 6.0% on a year-over-year basis. Research analysts anticipate that Copa Holdings, S.A. will post 6.93 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Thursday, May 30th. Copa’s dividend payout ratio is currently 39.88%.
A number of equities analysts have issued reports on CPA shares. Zacks Investment Research cut shares of Copa from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Imperial Capital restated an “underperform” rating and issued a $77.00 price objective (up previously from $68.00) on shares of Copa in a research report on Wednesday, February 20th. Cowen restated a “market perform” rating and issued a $93.00 price objective (up previously from $85.00) on shares of Copa in a research report on Friday, May 10th. ValuEngine upgraded shares of Copa from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th. Finally, TheStreet cut shares of Copa from a “b” rating to a “c+” rating in a research report on Thursday, February 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. Copa has a consensus rating of “Buy” and a consensus target price of $101.55.
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Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 81 destinations in 33 countries in North, Central, and South America, as well as the Caribbean. As of April 24, 2019, it operated a fleet of 105 aircraft comprising 6 Boeing 737 MAX9s, 82 Boeing 737NGs, and 17 Embraer-190s aircraft.
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