Copa Holdings, S.A. (CPA) Shares Sold by Majedie Asset Management Ltd
Majedie Asset Management Ltd cut its stake in Copa Holdings, S.A. (NYSE:CPA) by 7.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,941 shares of the transportation company’s stock after selling 450 shares during the period. Majedie Asset Management Ltd’s holdings in Copa Holdings, were worth $740,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new stake in shares of Copa Holdings, during the third quarter worth approximately $498,000. BNP Paribas Arbitrage SA grew its holdings in Copa Holdings, by 22.8% during the second quarter. BNP Paribas Arbitrage SA now owns 22,156 shares of the transportation company’s stock valued at $2,592,000 after purchasing an additional 4,120 shares during the period. Federated Investors Inc. PA grew its holdings in Copa Holdings, by 6.1% during the second quarter. Federated Investors Inc. PA now owns 49,811 shares of the transportation company’s stock valued at $5,828,000 after purchasing an additional 2,847 shares during the period. Capital Growth Management LP acquired a new position in Copa Holdings, during the second quarter valued at approximately $72,435,000. Finally, 361 Capital LLC grew its holdings in Copa Holdings, by 7.1% during the second quarter. 361 Capital LLC now owns 33,986 shares of the transportation company’s stock valued at $3,976,000 after purchasing an additional 2,259 shares during the period. 68.49% of the stock is owned by institutional investors.
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CPA has been the subject of a number of analyst reports. BidaskClub cut shares of Copa Holdings, from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Bank of America Corporation boosted their price objective on shares of Copa Holdings, from $140.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, August 10th. UBS AG upgraded shares of Copa Holdings, from a “neutral” rating to a “buy” rating in a report on Thursday, November 9th. Stifel Nicolaus restated a “hold” rating and set a $120.00 price objective on shares of Copa Holdings, in a report on Friday, August 11th. Finally, Zacks Investment Research cut shares of Copa Holdings, from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Six investment 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 stock. The stock presently has an average rating of “Buy” and an average target price of $129.69.
Copa Holdings, S.A. (NYSE:CPA) opened at $134.87 on Friday. The firm has a market cap of $6,030.85, a P/E ratio of 17.49, a PEG ratio of 2.37 and a beta of 1.91. Copa Holdings, S.A. has a 1-year low of $87.69 and a 1-year high of $138.69. The company has a quick ratio of 0.97, a current ratio of 1.05 and a debt-to-equity ratio of 0.45.
Copa Holdings, (NYSE:CPA) last released its quarterly earnings results on Wednesday, November 8th. The transportation company reported $2.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.06. The company had revenue of $657.17 million during the quarter, compared to analysts’ expectations of $644.36 million. Copa Holdings, had a net margin of 14.88% and a return on equity of 16.81%. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.30 earnings per share. sell-side analysts expect that Copa Holdings, S.A. will post 8.6 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Wednesday, November 29th. Copa Holdings,’s dividend payout ratio (DPR) is presently 34.84%.
About Copa Holdings,
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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