Advisors Asset Management Inc. lowered its position in shares of Copa Holdings SA (NYSE:CPA) by 22.5% during the second quarter, Holdings Channel reports. The fund owned 11,567 shares of the company’s stock after selling 3,366 shares during the period. Advisors Asset Management Inc.’s holdings in Copa Holdings SA were worth $604,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. M&T Bank Corp acquired a new stake in shares of Copa Holdings SA during the first quarter worth approximately $222,000. UBS Asset Management Americas Inc. acquired a new stake in shares of Copa Holdings SA during the first quarter worth approximately $257,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Copa Holdings SA during the first quarter worth approximately $271,000. IMS Capital Management increased its stake in shares of Copa Holdings SA by 7.9% in the second quarter. IMS Capital Management now owns 4,760 shares of the company’s stock worth $249,000 after buying an additional 350 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of Copa Holdings SA during the second quarter worth approximately $272,000. 73.18% of the stock is owned by institutional investors.
Copa Holdings SA (NYSE:CPA) traded down 3.81% during midday trading on Monday, reaching $87.05. The company had a trading volume of 881,974 shares. The firm has a 50-day moving average price of $82.69 and a 200-day moving average price of $66.10. The company’s market capitalization is $3.67 billion. Copa Holdings SA has a 52 week low of $39.03 and a 52 week high of $90.75.
Copa Holdings SA (NYSE:CPA) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.19. The firm had revenue of $494.40 million for the quarter, compared to analysts’ expectations of $487.28 million. Copa Holdings SA had a return on equity of 9.05% and a net margin of 8.36%. The company’s revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 EPS. Analysts expect that Copa Holdings SA will post $4.62 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, August 29th. This represents a $2.04 annualized dividend and a dividend yield of 2.29%. Copa Holdings SA’s payout ratio is 48.46%.
A number of analysts recently commented on the company. Zacks Investment Research raised Copa Holdings SA from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Buckingham Research decreased their price target on Copa Holdings SA from $116.00 to $92.00 and set a “buy” rating for the company in a research report on Monday. Goldman Sachs Group Inc. raised their target price on Copa Holdings SA from $62.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, August 5th. HSBC downgraded Copa Holdings SA from a “buy” rating to a “hold” rating and raised their target price for the stock from $66.00 to $84.00 in a research report on Friday, August 5th. Finally, Cowen and Company raised their target price on Copa Holdings SA from $49.00 to $72.00 and gave the stock a “market perform” rating in a research report on Friday, August 5th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Copa Holdings SA presently has an average rating of “Hold” and an average target price of $80.50.
Copa Holdings SA 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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