Wasatch Advisors LP Trims Stake in Copa Holdings, S.A. $CPA

Wasatch Advisors LP lowered its position in Copa Holdings, S.A. (NYSE:CPA) by 52.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 217,648 shares of the transportation company’s stock after selling 237,075 shares during the quarter. Wasatch Advisors LP owned about 0.53% of Copa worth $24,727,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CPA. Hilton Head Capital Partners LLC bought a new stake in Copa during the fourth quarter valued at $27,000. Empowered Funds LLC bought a new position in Copa in the 4th quarter worth about $29,000. US Bancorp DE raised its holdings in shares of Copa by 90.2% in the 3rd quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 120 shares in the last quarter. Triumph Capital Management purchased a new stake in shares of Copa in the 3rd quarter valued at about $36,000. Finally, Advisory Services Network LLC bought a new stake in shares of Copa during the 3rd quarter valued at about $50,000. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Copa Stock Up 0.1%

Shares of NYSE CPA opened at $157.22 on Friday. The stock has a market capitalization of $6.47 billion, a P/E ratio of 9.17, a PEG ratio of 1.20 and a beta of 1.00. Copa Holdings, S.A. has a one year low of $104.90 and a one year high of $160.46. The firm’s 50 day simple moving average is $132.87 and its two-hundred day simple moving average is $129.37. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.16 and a quick ratio of 1.06.

Copa (NYSE:CPA) last issued its earnings results on Wednesday, May 13th. The transportation company reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.73. Copa had a return on equity of 26.01% and a net margin of 18.76%.The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the business posted $4.28 EPS. Copa’s quarterly revenue was up 17.0% compared to the same quarter last year. As a group, analysts expect that Copa Holdings, S.A. will post 15.96 EPS for the current fiscal year.

Copa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a $1.71 dividend. The ex-dividend date was Friday, May 29th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.4%. Copa’s payout ratio is presently 39.88%.

Analysts Set New Price Targets

CPA has been the topic of several research analyst reports. UBS Group upped their price objective on shares of Copa from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Evercore reissued an “outperform” rating and issued a $175.00 price target on shares of Copa in a research note on Friday, May 15th. Bank of America decreased their price target on shares of Copa from $212.00 to $171.00 and set a “buy” rating on the stock in a report on Wednesday, March 18th. JPMorgan Chase & Co. lifted their price objective on shares of Copa from $165.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Finally, Jefferies Financial Group assumed coverage on shares of Copa in a research report on Thursday, June 18th. They issued a “buy” rating and a $185.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Copa presently has a consensus rating of “Buy” and a consensus price target of $168.91.

Copa Company Profile

Copa Holdings, SA (NYSE:CPA) is a Panama?based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.