32,060 Shares in Copa Holdings, S.A. $CPA Bought by Mirabella Financial Services LLP

Mirabella Financial Services LLP acquired a new stake in Copa Holdings, S.A. (NYSE:CPA) in the third quarter, Holdings Channel reports. The institutional investor acquired 32,060 shares of the transportation company’s stock, valued at approximately $3,809,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. CWM LLC boosted its holdings in Copa by 408.2% during the third quarter. CWM LLC now owns 249 shares of the transportation company’s stock worth $30,000 after buying an additional 200 shares during the last quarter. US Bancorp DE increased its stake in shares of Copa by 90.2% in the 3rd quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 120 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Copa by 271.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 190 shares during the last quarter. Marquette Asset Management LLC acquired a new stake in shares of Copa in the 3rd quarter valued at approximately $36,000. Finally, Triumph Capital Management bought a new position in Copa during the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 70.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CPA. Morgan Stanley restated an “overweight” rating and set a $190.00 price objective on shares of Copa in a report on Monday, February 9th. Citigroup reduced their price target on shares of Copa from $155.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday. Itau BBA Securities began coverage on shares of Copa in a report on Sunday, November 30th. They issued a “market perform” rating for the company. The Goldman Sachs Group cut shares of Copa from a “buy” rating to a “neutral” rating and upped their price objective for the company from $150.00 to $151.00 in a research report on Thursday, February 12th. Finally, Bank of America dropped their price objective on Copa from $212.00 to $171.00 and set a “buy” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $166.44.

Copa Price Performance

Shares of CPA opened at $110.15 on Thursday. The stock has a 50 day simple moving average of $135.35 and a 200 day simple moving average of $126.27. Copa Holdings, S.A. has a 52-week low of $82.54 and a 52-week high of $156.41. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.20 and a current ratio of 1.31. The firm has a market capitalization of $4.53 billion, a PE ratio of 6.77, a P/E/G ratio of 0.79 and a beta of 0.89.

Copa (NYSE:CPA) last announced its earnings results on Wednesday, February 11th. The transportation company reported $4.18 EPS for the quarter, missing the consensus estimate of $4.44 by ($0.26). Copa had a return on equity of 25.62% and a net margin of 18.57%.The company had revenue of $962.89 million for the quarter, compared to analyst estimates of $959.22 million. During the same quarter last year, the business posted $3.99 earnings per share. The business’s quarterly revenue was up 9.6% on a year-over-year basis. Sell-side analysts predict that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a $1.71 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $6.84 annualized dividend and a yield of 6.2%. This is an increase from Copa’s previous quarterly dividend of $1.61. Copa’s payout ratio is presently 42.04%.

About Copa

Copa Holdings, SA (NYSE:CPA) is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.