Copa Holdings, S.A. (CPA) Position Cut by Thompson Siegel & Walmsley LLC
Thompson Siegel & Walmsley LLC cut its stake in Copa Holdings, S.A. (NYSE:CPA) by 66.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,554 shares of the transportation company’s stock after selling 3,100 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Copa were worth $194,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in Copa in the third quarter valued at $498,000. BNP Paribas Arbitrage SA raised its holdings in Copa by 22.8% in the second quarter. BNP Paribas Arbitrage SA now owns 22,156 shares of the transportation company’s stock valued at $2,592,000 after acquiring an additional 4,120 shares in the last quarter. Federated Investors Inc. PA raised its holdings in Copa by 6.1% in the second quarter. Federated Investors Inc. PA now owns 49,811 shares of the transportation company’s stock valued at $5,828,000 after acquiring an additional 2,847 shares in the last quarter. Capital Growth Management LP acquired a new stake in Copa in the second quarter valued at $72,435,000. Finally, 361 Capital LLC raised its holdings in Copa by 7.1% in the second quarter. 361 Capital LLC now owns 33,986 shares of the transportation company’s stock valued at $3,976,000 after acquiring an additional 2,259 shares in the last quarter. 68.49% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have weighed in on CPA. BidaskClub cut shares of Copa from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Bank of America Corporation increased their target price on shares of Copa from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. Cowen Inc increased their target price on shares of Copa from $120.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, November 10th. Zacks Investment Research cut shares of Copa from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Finally, J P Morgan Chase & Co raised shares of Copa from a “neutral” rating to an “overweight” rating and set a $155.00 target price on the stock in a report on Tuesday, November 21st. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Copa has a consensus rating of “Buy” and an average target price of $129.69.
Shares of Copa Holdings, S.A. (NYSE:CPA) opened at $133.77 on Friday. The firm has a market cap of $5,981.66, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 2.35 and a beta of 1.91. Copa Holdings, S.A. has a twelve month low of $87.69 and a twelve month high of $138.69. The company has a current ratio of 1.05, a quick ratio of 0.97 and a debt-to-equity ratio of 0.45.
Copa (NYSE:CPA) last issued its earnings results on Wednesday, November 8th. The transportation company reported $2.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.06. The company had revenue of $657.17 million for the quarter, compared to analysts’ expectations of $644.36 million. Copa had a net margin of 14.88% and a return on equity of 16.81%. The firm’s revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.30 earnings per share. sell-side analysts anticipate that Copa Holdings, S.A. will post 8.6 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.75 per share. The ex-dividend date is Wednesday, November 29th. This represents a $3.00 annualized dividend and a dividend yield of 2.24%. Copa’s dividend payout ratio is currently 34.84%.
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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