Copa Holdings, S.A. (CPA) Shares Sold by Sei Investments Co.
Sei Investments Co. reduced its stake in Copa Holdings, S.A. (NYSE:CPA) by 15.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,127 shares of the transportation company’s stock after selling 14,120 shares during the period. Sei Investments Co. owned 0.18% of Copa Holdings, worth $9,979,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. BNP Paribas Arbitrage SA lifted its stake in Copa Holdings, by 32.6% during the third quarter. BNP Paribas Arbitrage SA now owns 29,384 shares of the transportation company’s stock valued at $3,659,000 after purchasing an additional 7,228 shares during the last quarter. Jennison Associates LLC acquired a new stake in Copa Holdings, during the third quarter valued at approximately $1,708,000. Deltec Asset Management LLC lifted its stake in Copa Holdings, by 15.3% during the third quarter. Deltec Asset Management LLC now owns 46,100 shares of the transportation company’s stock valued at $5,741,000 after purchasing an additional 6,100 shares during the last quarter. Parametrica Management Ltd acquired a new stake in Copa Holdings, during the third quarter valued at approximately $333,000. Finally, First Quadrant L P CA acquired a new stake in Copa Holdings, during the third quarter valued at approximately $12,419,000. 68.49% of the stock is owned by institutional investors.
Copa Holdings, S.A. (NYSE:CPA) opened at $134.72 on Tuesday. The firm has a market cap of $5,620.00, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 2.33 and a beta of 1.91. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.05 and a quick ratio of 0.97. Copa Holdings, S.A. has a 12 month low of $87.69 and a 12 month high of $134.91.
Copa Holdings, (NYSE:CPA) last released its quarterly earnings data 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 firm had revenue of $657.17 million for the quarter, compared to analyst estimates of $644.36 million. Copa Holdings, had a net margin of 14.88% and a return on equity of 16.81%. During the same quarter in the prior year, the business earned $1.30 EPS. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. equities research analysts expect that Copa Holdings, S.A. will post 8.55 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid 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 2.23%. Copa Holdings,’s dividend payout ratio (DPR) is 38.66%.
Several research firms recently commented on CPA. J P Morgan Chase & Co raised shares of Copa Holdings, from a “neutral” rating to a “buy” rating and set a $155.00 target price for the company in a research note on Tuesday. Bank of America Corporation reduced their price target on shares of Copa Holdings, from $167.00 to $154.00 and set a “buy” rating for the company in a research report on Tuesday, September 26th. Stifel Nicolaus restated a “hold” rating and issued a $120.00 price target on shares of Copa Holdings, in a research report on Friday, August 11th. Zacks Investment Research downgraded shares of Copa Holdings, from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Finally, Cowen and Company upped their price target on shares of Copa Holdings, from $120.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, November 10th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $129.69.
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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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