Deltec Asset Management LLC Acquires 32,230 Shares of Copa Holdings SA (CPA)
Deltec Asset Management LLC raised its stake in Copa Holdings SA (NYSE:CPA) by 42.1% during the second quarter, Holdings Channel reports. The fund owned 108,820 shares of the company’s stock after buying an additional 32,230 shares during the period. Copa Holdings SA comprises about 1.4% of Deltec Asset Management LLC’s holdings, making the stock its 25th largest position. Deltec Asset Management LLC owned 0.26% of Copa Holdings SA worth $5,687,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. M&T Bank Corp acquired a new stake in Copa Holdings SA during the first quarter valued at approximately $222,000. UBS Asset Management Americas Inc. acquired a new stake in Copa Holdings SA during the first quarter valued at approximately $257,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Copa Holdings SA during the first quarter valued at approximately $271,000. IMS Capital Management acquired a new stake in Copa Holdings SA during the first quarter valued at approximately $299,000. Finally, Bank of Montreal Can acquired a new stake in Copa Holdings SA during the second quarter valued at approximately $272,000. 73.28% of the stock is owned by institutional investors.
Shares of Copa Holdings SA (NYSE:CPA) traded up 0.94% during mid-day trading on Tuesday, hitting $89.02. 836,273 shares of the company were exchanged. The company’s market capitalization is $3.75 billion. Copa Holdings SA has a 52 week low of $39.03 and a 52 week high of $90.34. The company has a 50 day moving average of $80.35 and a 200 day moving average of $65.43.
Copa Holdings SA (NYSE:CPA) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. Copa Holdings SA had a net margin of 8.36% and a return on equity of 9.05%. The company earned $494.40 million during the quarter, compared to analysts’ expectations of $487.28 million. During the same period last year, the company posted $0.93 EPS. Copa Holdings SA’s revenue was down 8.2% on a year-over-year basis. Equities analysts anticipate that Copa Holdings SA will post $4.55 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were given a dividend of $0.51 per share. The ex-dividend date was Monday, August 29th. This represents a $2.04 dividend on an annualized basis and a yield of 2.29%. Copa Holdings SA’s dividend payout ratio (DPR) is currently 48.46%.
A number of brokerages have issued reports on CPA. Zacks Investment Research raised shares of Copa Holdings SA from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Goldman Sachs Group Inc. upped their price objective on shares of Copa Holdings SA from $62.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, August 5th. HSBC downgraded shares of Copa Holdings SA from a “buy” rating to a “hold” rating and upped their price objective for the stock from $66.00 to $84.00 in a research report on Friday, August 5th. Cowen and Company upped their price objective on shares of Copa Holdings SA from $49.00 to $72.00 and gave the stock a “market perform” rating in a research report on Friday, August 5th. Finally, Wolfe Research downgraded shares of Copa Holdings SA from a “market perform” rating to an “underperform” rating in a research report on Friday, June 10th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Copa Holdings SA currently has an average rating of “Hold” and an average price target of $77.92.
About Copa Holdings SA
Copa Holdings, SA is a provider of airline passenger and cargo service through its principal operating subsidiaries, Compania Panamena de Aviacion, S. A. (Copa Airlines) and AeroRepublica, S. A. (Copa Colombia). The Company operates through air transportation segment. Copa Airlines operates from its position located in the Republic of Panama.
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