Schwab Charles Investment Management Inc. decreased its position in Copa Holdings, S.A. (NYSE:CPA) by 13.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 76,465 shares of the transportation company’s stock after selling 11,551 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.18% of Copa Holdings, worth $8,947,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Global X Management Co. LLC lifted its holdings in 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 valued at $235,000 after acquiring an additional 17 shares during the period. Pictet Asset Management Ltd. lifted its holdings in Copa Holdings, by 9.1% in the second quarter. Pictet Asset Management Ltd. now owns 1,853 shares of the transportation company’s stock valued at $210,000 after acquiring an additional 154 shares during the period. Sei Investments Co. lifted its holdings in Copa Holdings, by 360.6% in the second quarter. Sei Investments Co. now owns 94,247 shares of the transportation company’s stock valued at $11,026,000 after acquiring an additional 73,786 shares during the period. Spark Investment Management LLC bought a new position in Copa Holdings, in the second quarter valued at about $2,457,000. Finally, Acadian Asset Management LLC lifted its holdings in Copa Holdings, by 136.7% in the second quarter. Acadian Asset Management LLC now owns 367,441 shares of the transportation company’s stock valued at $42,991,000 after acquiring an additional 212,185 shares during the period. 64.28% of the stock is currently owned by institutional investors.

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Several research firms have recently commented on CPA. Bank of America Corporation decreased their price objective on Copa Holdings, from $167.00 to $154.00 and set a “buy” rating on the stock in a research note on Tuesday, September 26th. BidaskClub downgraded Copa Holdings, from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $120.00 price objective on shares of Copa Holdings, in a research note on Friday, August 11th. Zacks Investment Research downgraded Copa Holdings, from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $137.00 price objective (up previously from $134.00) on shares of Copa Holdings, in a research note on Tuesday, July 18th. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $116.39.

Shares of Copa Holdings, S.A. (CPA) opened at 129.37 on Thursday. The stock has a market cap of $5.49 billion, a PE ratio of 16.67 and a beta of 1.80. The company’s 50 day moving average price is $127.00 and its 200 day moving average price is $120.18. Copa Holdings, S.A. has a 52-week low of $83.32 and a 52-week high of $134.25.

Copa Holdings, (NYSE:CPA) last issued its quarterly earnings data on Wednesday, August 9th. The transportation company reported $1.48 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.48. The business had revenue of $578.10 million during the quarter, compared to analysts’ expectations of $567.47 million. Copa Holdings, had a return on equity of 14.98% and a net margin of 14.17%. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 EPS. On average, analysts anticipate that Copa Holdings, S.A. will post $8.55 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Tuesday, August 29th. This is a boost from Copa Holdings,’s previous quarterly dividend of $0.51. Copa Holdings,’s payout ratio is 37.93%.

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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Institutional Ownership by Quarter for Copa Holdings, (NYSE:CPA)

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