Barclays PLC reduced its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 11.5% during the third quarter, Holdings Channel reports. The institutional investor owned 18,849 shares of the transportation company’s stock after selling 2,444 shares during the period. Barclays PLC’s holdings in Copa were worth $1,861,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in CPA. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Copa by 8.0% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,398 shares of the transportation company’s stock worth $132,000 after buying an additional 103 shares during the period. Highland Capital Management LLC lifted its position in shares of Copa by 1.4% in the second quarter. Highland Capital Management LLC now owns 8,205 shares of the transportation company’s stock valued at $801,000 after acquiring an additional 115 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of Copa by 0.3% in the third quarter. California State Teachers Retirement System now owns 49,947 shares of the transportation company’s stock worth $4,932,000 after acquiring an additional 135 shares during the period. Rhumbline Advisers boosted its stake in shares of Copa by 0.8% in the third quarter. Rhumbline Advisers now owns 23,811 shares of the transportation company’s stock worth $2,351,000 after acquiring an additional 185 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its position in shares of Copa by 0.7% during the second quarter. State Board of Administration of Florida Retirement System now owns 36,219 shares of the transportation company’s stock worth $3,534,000 after purchasing an additional 254 shares in the last quarter. Institutional investors own 69.82% of the company’s stock.

A number of research analysts recently commented on the company. Buckingham Research boosted their price target on Copa from $119.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Stifel Nicolaus increased their price objective on shares of Copa from $90.00 to $95.00 and gave the company a “hold” rating in a report on Thursday, August 8th. Zacks Investment Research cut shares of Copa from a “buy” rating to a “sell” rating and set a $106.00 price objective on the stock. in a research report on Wednesday, October 9th. ValuEngine downgraded shares of Copa from a “sell” rating to a “strong sell” rating in a report on Saturday, September 14th. Finally, Evercore ISI restated a “buy” rating on shares of Copa in a research report on Sunday, November 17th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $110.83.

Shares of CPA opened at $104.84 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.04 and a quick ratio of 0.95. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 16.08, a price-to-earnings-growth ratio of 0.86 and a beta of 1.32. Copa Holdings, S.A. has a 1 year low of $72.00 and a 1 year high of $116.88. The business’s 50 day simple moving average is $104.64 and its 200-day simple moving average is $100.15.

Copa (NYSE:CPA) last posted its earnings results on Wednesday, November 13th. The transportation company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.14. Copa had a net margin of 3.29% and a return on equity of 15.24%. The firm had revenue of $708.21 million during the quarter, compared to analyst estimates of $698.59 million. During the same period last year, the firm posted $1.36 earnings per share. Copa’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, sell-side analysts expect that Copa Holdings, S.A. will post 7.62 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $2.60 annualized dividend and a yield of 2.48%. Copa’s dividend payout ratio (DPR) is currently 39.88%.

About Copa

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 81 destinations in 33 countries in North, Central, and South America, as well as the Caribbean. As of April 24, 2019, it operated a fleet of 105 aircraft comprising 6 Boeing 737 MAX9s, 82 Boeing 737NGs, and 17 Embraer-190s aircraft.

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Institutional Ownership by Quarter for Copa (NYSE:CPA)

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