47,600 Shares in Copa Holdings, S.A. (CPA) Purchased by Elkfork Partners LLC

Elkfork Partners LLC bought a new position in shares of Copa Holdings, S.A. (NYSE:CPA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 47,600 shares of the transportation company’s stock, valued at approximately $6,381,000. Elkfork Partners LLC owned 0.11% of Copa as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Cerebellum GP LLC purchased a new position in shares of Copa during the fourth quarter worth approximately $126,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Copa during the fourth quarter worth approximately $201,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Copa during the fourth quarter worth approximately $201,000. FCA Corp TX purchased a new position in shares of Copa during the fourth quarter worth approximately $201,000. Finally, MUFG Americas Holdings Corp purchased a new position in shares of Copa during the third quarter worth approximately $227,000. 64.87% of the stock is currently owned by institutional investors and hedge funds.

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CPA stock opened at $129.70 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 0.41. Copa Holdings, S.A. has a 1-year low of $107.76 and a 1-year high of $141.34. The stock has a market cap of $5,594.35, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 0.84 and a beta of 1.80.

Copa (NYSE:CPA) last released its quarterly earnings results on Wednesday, February 21st. The transportation company reported $2.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.33 by $0.03. Copa had a net margin of 14.64% and a return on equity of 18.25%. The business had revenue of $675.58 million for the quarter, compared to analyst estimates of $666.96 million. During the same period in the previous year, the company earned $2.26 earnings per share. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. sell-side analysts anticipate that Copa Holdings, S.A. will post 10.39 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Monday, March 5th were issued a $0.87 dividend. This is a positive change from Copa’s previous quarterly dividend of $0.75. This represents a $3.48 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend was Friday, March 2nd. Copa’s payout ratio is currently 39.86%.

A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Copa from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Stifel Nicolaus raised their target price on shares of Copa from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, February 23rd. Bank of America assumed coverage on shares of Copa in a research report on Friday, January 12th. They set a “buy” rating on the stock. Cowen reissued a “market perform” rating and set a $140.00 price objective (up from $137.00) on shares of Copa in a report on Friday, February 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Copa from $155.00 to $160.00 and gave the company a “buy” rating in a report on Monday, March 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $146.00.

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Copa 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.

Institutional Ownership by Quarter for Copa (NYSE:CPA)

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