CM Management LLC Sells 6,500 Shares of Copa Holdings, S.A. $CPA

CM Management LLC decreased its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 72.2% in the 4th quarter, Holdings Channel reports. The fund owned 2,500 shares of the transportation company’s stock after selling 6,500 shares during the quarter. CM Management LLC’s holdings in Copa were worth $302,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. CWM LLC boosted its stake in Copa by 408.2% in the 3rd quarter. CWM LLC now owns 249 shares of the transportation company’s stock worth $30,000 after purchasing an additional 200 shares during the period. US Bancorp DE boosted its position in shares of Copa by 90.2% during 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 boosted its position in shares of Copa by 271.4% during 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 bought a new stake in shares of Copa during the 3rd quarter valued at about $36,000. Finally, Triumph Capital Management bought a new stake in shares of Copa during the 3rd quarter valued at about $36,000. Institutional investors own 70.09% of the company’s stock.

Copa Stock Performance

Shares of NYSE CPA opened at $116.12 on Friday. The stock has a market cap of $4.78 billion, a price-to-earnings ratio of 7.14, a P/E/G ratio of 1.00 and a beta of 0.94. The company has a current ratio of 1.31, a quick ratio of 1.20 and a debt-to-equity ratio of 0.65. Copa Holdings, S.A. has a 1-year low of $93.33 and a 1-year high of $156.41. The stock’s 50-day moving average is $120.98 and its 200 day moving average is $125.71.

Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, February 11th. The transportation company reported $4.46 earnings per share for the quarter, beating analysts’ consensus estimates of $4.44 by $0.02. The company had revenue of $962.89 million for the quarter, compared to analysts’ expectations of $959.22 million. Copa had a return on equity of 25.62% and a net margin of 18.57%.Copa’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the firm posted $3.99 EPS. On average, sell-side analysts anticipate that Copa Holdings, S.A. will post 14.21 EPS for the current fiscal year.

Copa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a $1.71 dividend. This is an increase from Copa’s previous quarterly dividend of $1.61. The ex-dividend date of this dividend was Friday, February 27th. This represents a $6.84 dividend on an annualized basis and a yield of 5.9%. Copa’s payout ratio is presently 42.04%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CPA shares. Wall Street Zen downgraded Copa from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. UBS Group dropped their price target on Copa from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Friday, March 27th. Evercore reiterated an “outperform” rating and set a $185.00 price target on shares of Copa in a research report on Friday, February 13th. Barclays dropped their price target on Copa from $185.00 to $165.00 and set an “overweight” rating for the company in a research report on Tuesday, March 24th. Finally, The Goldman Sachs Group raised Copa from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $151.00 to $138.00 in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $165.00.

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.