Teachers Advisors LLC Raises Stake in Copa Holdings, S.A. (CPA)
Teachers Advisors LLC boosted its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 146.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 85,574 shares of the company’s stock after buying an additional 50,862 shares during the period. Teachers Advisors LLC’s holdings in Copa Holdings, were worth $7,525,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Brandes Investment Partners LP boosted its position in shares of Copa Holdings, by 2.2% in the second quarter. Brandes Investment Partners LP now owns 1,592,785 shares of the company’s stock worth $86,559,000 after buying an additional 34,328 shares during the period. Chicago Equity Partners LLC bought a new position in shares of Copa Holdings, during the third quarter worth approximately $23,626,000. Trinity Street Asset Management LLP bought a new position in shares of Copa Holdings, during the third quarter worth approximately $42,665,000. BlackRock Advisors LLC boosted its position in shares of Copa Holdings, by 34.6% in the third quarter. BlackRock Advisors LLC now owns 48,966 shares of the company’s stock worth $4,305,000 after buying an additional 12,580 shares during the period. Finally, Deltec Asset Management LLC boosted its position in shares of Copa Holdings, by 42.1% in the second quarter. Deltec Asset Management LLC now owns 108,820 shares of the company’s stock worth $5,687,000 after buying an additional 32,230 shares during the period. 68.73% of the stock is currently owned by institutional investors.
Copa Holdings, S.A. (NYSE:CPA) opened at 94.44 on Friday. The stock’s market cap is $4.00 billion. Copa Holdings, S.A. has a 52 week low of $44.07 and a 52 week high of $97.00. The firm’s 50-day moving average price is $91.93 and its 200-day moving average price is $83.16.
Copa Holdings, (NYSE:CPA) last issued its quarterly earnings data on Tuesday, November 8th. The company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.08. Copa Holdings, had a return on equity of 10.56% and a net margin of 11.42%. The business had revenue of $569 million for the quarter, compared to the consensus estimate of $548.76 million. During the same period in the prior year, the business posted $0.85 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities analysts predict that Copa Holdings, S.A. will post $5.00 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th were issued a $0.51 dividend. The ex-dividend date of this dividend was Monday, November 28th. This represents a $2.04 annualized dividend and a dividend yield of 2.16%. Copa Holdings,’s payout ratio is 35.05%.
CPA has been the topic of a number of analyst reports. Vetr raised Copa Holdings, from a “buy” rating to a “strong-buy” rating and set a $102.50 price target on the stock in a research note on Tuesday, November 29th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a $100.00 price target (up from $85.00) on shares of Copa Holdings, in a research note on Friday, September 23rd. Goldman Sachs Group, Inc. (The) raised Copa Holdings, from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $71.00 to $100.00 in a research note on Wednesday, November 16th. Deutsche Bank AG raised Copa Holdings, from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research note on Wednesday, November 9th. Finally, Wolfe Research raised Copa Holdings, from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $90.42.
Copa Holdings, Company Profile
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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