Copa Holdings, S.A. (NYSE:CPA) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totalling 336,654 shares, a drop of 48.2% from the July 14th total of 649,471 shares. Based on an average daily trading volume, of 322,014 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.1% of the company’s shares are short sold.

A number of equities analysts recently commented on the company. Stifel Nicolaus reiterated a “hold” rating and set a $120.00 price objective on shares of Copa Holdings, in a research report on Friday, August 11th. BidaskClub downgraded Copa Holdings, from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research downgraded Copa Holdings, from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. ValuEngine upgraded Copa Holdings, from a “hold” rating to a “buy” rating in a research report on Friday, May 19th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $137.00 price objective (up previously from $134.00) on shares of Copa Holdings, in a research report on Tuesday, July 18th. Seven research analysts have rated the stock with a hold rating, eight 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 $109.42.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Global X Management Co. LLC raised its position in shares of Copa Holdings, by 0.9% in the second quarter. Global X Management Co. LLC now owns 2,010 shares of the transportation company’s stock worth $235,000 after buying an additional 17 shares in the last quarter. Comerica Bank raised its position in shares of Copa Holdings, by 0.9% in the first quarter. Comerica Bank now owns 3,054 shares of the transportation company’s stock worth $353,000 after buying an additional 26 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its position in shares of Copa Holdings, by 1.5% in the first quarter. Dynamic Technology Lab Private Ltd now owns 3,281 shares of the transportation company’s stock worth $368,000 after buying an additional 48 shares in the last quarter. Amalgamated Bank raised its position in shares of Copa Holdings, by 3.4% in the first quarter. Amalgamated Bank now owns 4,473 shares of the transportation company’s stock worth $502,000 after buying an additional 145 shares in the last quarter. Finally, Pictet Asset Management Ltd. raised its position in shares of Copa Holdings, by 9.1% in the second quarter. Pictet Asset Management Ltd. now owns 1,853 shares of the transportation company’s stock worth $210,000 after buying an additional 154 shares in the last quarter. 70.35% of the stock is currently owned by institutional investors.

Shares of Copa Holdings, (CPA) opened at 125.68 on Wednesday. The firm has a market cap of $5.33 billion, a PE ratio of 16.19 and a beta of 1.80. The firm’s 50-day moving average price is $124.96 and its 200 day moving average price is $114.19. Copa Holdings, has a 1-year low of $75.74 and a 1-year high of $133.70.

Copa Holdings, (NYSE:CPA) last issued its quarterly earnings results on Wednesday, August 9th. The transportation company reported $1.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.48. Copa Holdings, had a return on equity of 14.98% and a net margin of 14.17%. The company had revenue of $578.10 million for the quarter, compared to analyst estimates of $567.47 million. During the same quarter in the prior year, the company posted $0.51 EPS. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. On average, equities research analysts forecast that Copa Holdings, will post $8.60 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Tuesday, August 29th. This is a positive change from Copa Holdings,’s previous quarterly dividend of $0.51. Copa Holdings,’s dividend payout ratio is currently 25.79%.

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Copa Holdings, Company Profile

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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