Hsbc Holdings PLC Trims Position in Copa Holdings, S.A. $CPA

Hsbc Holdings PLC lessened its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 22.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,753 shares of the transportation company’s stock after selling 11,776 shares during the quarter. Hsbc Holdings PLC’s holdings in Copa were worth $5,056,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its position in Copa by 56.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 340,554 shares of the transportation company’s stock valued at $31,488,000 after purchasing an additional 122,413 shares during the period. Invesco Ltd. boosted its stake in shares of Copa by 585.6% during the 2nd quarter. Invesco Ltd. now owns 94,361 shares of the transportation company’s stock valued at $10,377,000 after purchasing an additional 80,598 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of Copa during the second quarter valued at about $435,000. NewEdge Advisors LLC bought a new position in Copa in the second quarter worth about $1,419,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Copa in the second quarter worth about $12,875,000. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Copa Trading Up 1.7%

Shares of NYSE CPA opened at $149.95 on Friday. Copa Holdings, S.A. has a 1 year low of $106.56 and a 1 year high of $160.46. The stock has a market cap of $6.17 billion, a P/E ratio of 8.74, a price-to-earnings-growth ratio of 1.08 and a beta of 1.00. The firm has a 50-day moving average of $138.81 and a 200 day moving average of $131.57. 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 posted its quarterly earnings data on Wednesday, May 13th. The transportation company reported $5.16 EPS for the quarter, topping the consensus estimate of $4.43 by $0.73. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. Copa had a net margin of 18.76% and a return on equity of 26.01%. Copa’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.28 earnings per share. As a group, sell-side analysts expect that Copa Holdings, S.A. will post 16.54 EPS for the current fiscal year.

Copa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Friday, May 29th. Copa’s payout ratio is currently 39.88%.

Wall Street Analyst Weigh In

CPA has been the topic of several research reports. Wall Street Zen raised Copa from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Jefferies Financial Group began coverage on Copa in a research report on Thursday, June 18th. They issued a “buy” rating and a $185.00 target price for the company. Bank of America lowered their target price on Copa from $212.00 to $171.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. UBS Group lifted their price target on Copa from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Finally, Barclays reduced their price target on Copa from $185.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Copa currently has a consensus rating of “Buy” and a consensus price target of $168.91.

Copa 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.