Quantbot Technologies LP Acquires Shares of 7,394 Copa Holdings, S.A. $CPA

Quantbot Technologies LP acquired a new stake in Copa Holdings, S.A. (NYSE:CPA) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 7,394 shares of the transportation company’s stock, valued at approximately $879,000.

Other large investors have also recently modified their holdings of the company. Cullen Capital Management LLC lifted its position in Copa by 13.7% in the third quarter. Cullen Capital Management LLC now owns 209,401 shares of the transportation company’s stock worth $24,881,000 after buying an additional 25,173 shares during the last quarter. Carrera Capital Advisors purchased a new stake in shares of Copa in the third quarter valued at $4,363,000. GSA Capital Partners LLP lifted its holdings in shares of Copa by 657.8% in the 3rd quarter. GSA Capital Partners LLP now owns 19,786 shares of the transportation company’s stock worth $2,351,000 after acquiring an additional 17,175 shares during the last quarter. Savant Capital LLC bought a new stake in shares of Copa in the 2nd quarter worth about $240,000. Finally, Artisan Partners Limited Partnership boosted its stake in shares of Copa by 26.2% during the 2nd quarter. Artisan Partners Limited Partnership now owns 214,533 shares of the transportation company’s stock worth $23,592,000 after purchasing an additional 44,513 shares during the period. Institutional investors own 70.09% of the company’s stock.

Copa Trading Down 1.5%

Shares of CPA opened at $124.99 on Friday. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 0.84 and a beta of 0.89. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.31 and a quick ratio of 1.20. Copa Holdings, S.A. has a 1-year low of $82.54 and a 1-year high of $156.41. The company has a 50-day moving average of $136.41 and a 200 day moving average of $126.17.

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

Copa Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a $1.71 dividend. The ex-dividend date is Friday, February 27th. This is a positive change from Copa’s previous quarterly dividend of $1.61. This represents a $6.84 dividend on an annualized basis and a dividend yield of 5.5%. Copa’s dividend payout ratio (DPR) is presently 42.04%.

Analyst Ratings Changes

CPA has been the topic of several analyst reports. Barclays upped their price target on shares of Copa from $150.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Itau BBA Securities began coverage on shares of Copa in a research note on Sunday, November 30th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. dropped their target price on Copa from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, December 8th. Wall Street Zen upgraded Copa from a “hold” rating to a “buy” rating in a report on Sunday, February 8th. Finally, The Goldman Sachs Group cut Copa from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $150.00 to $151.00 in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Copa has an average rating of “Moderate Buy” and a consensus price target of $167.75.

Copa Profile

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.