Capital Fund Management S.A. reduced its stake in shares of Copa Holdings SA (NYSE:CPA) by 33.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,675 shares of the company’s stock after selling 4,273 shares during the period. Capital Fund Management S.A.’s holdings in Copa Holdings SA were worth $453,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Riverhead Capital Management LLC bought a new stake in shares of Copa Holdings SA during the first quarter valued at approximately $934,000. Quadrature Capital Ltd raised its stake in shares of Copa Holdings SA by 217.4% in the first quarter. Quadrature Capital Ltd now owns 14,303 shares of the company’s stock valued at $969,000 after buying an additional 9,797 shares in the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Copa Holdings SA during the first quarter valued at approximately $271,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Copa Holdings SA during the first quarter valued at approximately $2,913,000. Finally, NWQ Investment Management Company LLC raised its stake in shares of Copa Holdings SA by 1.3% in the first quarter. NWQ Investment Management Company LLC now owns 827,906 shares of the company’s stock valued at $56,091,000 after buying an additional 10,435 shares in the last quarter. 73.18% of the stock is currently owned by institutional investors and hedge funds.
Copa Holdings SA (NYSE:CPA) traded up 2.48% during midday trading on Thursday, reaching $88.68. The company had a trading volume of 487,973 shares. The stock has a 50-day moving average price of $84.58 and a 200 day moving average price of $67.90. Copa Holdings SA has a 12-month low of $42.61 and a 12-month high of $90.75. The company’s market capitalization is $3.73 billion.
Copa Holdings SA (NYSE:CPA) last issued its earnings results on Wednesday, August 3rd. The company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.19. The firm had revenue of $494.40 million for the quarter, compared to the consensus estimate 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 quarter last year, the business posted $0.93 EPS. Equities analysts forecast that Copa Holdings SA will post $4.72 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Monday, August 29th. Copa Holdings SA’s dividend payout ratio is presently 48.46%.
Several brokerages recently commented on CPA. Buckingham Research decreased their price target on Copa Holdings SA from $116.00 to $92.00 and set a “buy” rating on the stock in a research note on Monday, September 26th. Raymond James Financial Inc. reiterated an “outperform” rating and issued a $100.00 price objective (up previously from $85.00) on shares of Copa Holdings SA in a research report on Friday, September 23rd. JPMorgan Chase & Co. lifted their price objective on Copa Holdings SA from $59.00 to $93.00 and gave the company a “neutral” rating in a research report on Tuesday, August 16th. Morgan Stanley upgraded Copa Holdings SA from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $56.00 to $94.00 in a research report on Thursday, September 8th. Finally, Zacks Investment Research upgraded Copa Holdings SA from a “hold” rating to a “strong-buy” rating and set a $90.00 price objective for the company in a research report on Tuesday, August 9th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $80.50.
About Copa Holdings SA
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.
Want to see what other hedge funds are holding CPA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Copa Holdings SA (NYSE:CPA).
Receive News & Ratings for Copa Holdings SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copa Holdings SA and related companies with MarketBeat.com's FREE daily email newsletter.