Quantbot Technologies LP Invests $879,000 in Copa Holdings, S.A. $CPA

Quantbot Technologies LP acquired a new stake in shares of Copa Holdings, S.A. (NYSE:CPA) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 7,394 shares of the transportation company’s stock, valued at approximately $879,000.

A number of other hedge funds also recently made changes to their positions in CPA. CWM LLC increased its holdings in Copa by 408.2% in the 3rd quarter. CWM LLC now owns 249 shares of the transportation company’s stock worth $30,000 after acquiring an additional 200 shares in the last quarter. US Bancorp DE lifted its holdings in Copa by 90.2% during the third quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 120 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Copa by 271.4% in the third quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock worth $31,000 after purchasing an additional 190 shares during the period. Marquette Asset Management LLC bought a new position in shares of Copa in the third quarter worth approximately $36,000. Finally, Jones Financial Companies Lllp increased its stake in shares of Copa by 100.0% in the third quarter. Jones Financial Companies Lllp now owns 364 shares of the transportation company’s stock worth $43,000 after purchasing an additional 182 shares in the last quarter. 70.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CPA has been the topic of several recent analyst reports. Morgan Stanley restated an “overweight” rating and set a $190.00 price objective on shares of Copa in a research report on Monday, February 9th. Barclays raised their price target on Copa from $150.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Copa in a research report on Wednesday, January 21st. Wall Street Zen raised Copa from a “hold” rating to a “buy” rating in a report on Sunday, February 8th. Finally, The Goldman Sachs Group cut shares of Copa from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $150.00 to $151.00 in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $167.75.

Copa Stock Performance

NYSE:CPA opened at $124.99 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.31 and a quick ratio of 1.20. Copa Holdings, S.A. has a 1 year low of $82.54 and a 1 year high of $156.41. The stock’s 50 day simple moving average is $136.41 and its two-hundred day simple moving average is $126.17. The company has a market cap of $5.15 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 0.84 and a beta of 0.89.

Copa (NYSE:CPA) last posted its earnings results on Wednesday, February 11th. The transportation company reported $4.18 EPS for the quarter, missing analysts’ consensus estimates of $4.44 by ($0.26). Copa had a net margin of 18.57% and a return on equity of 25.62%. The firm had revenue of $962.89 million for the quarter, compared to the consensus estimate of $959.22 million. During the same quarter in the prior year, the company posted $3.99 earnings per share. The firm’s revenue was up 9.6% compared to the same quarter last year. As a group, equities analysts anticipate that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a $1.71 dividend. This is a boost from Copa’s previous quarterly dividend of $1.61. The ex-dividend date is Friday, February 27th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 5.5%. Copa’s payout ratio is presently 42.04%.

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.