Advisors Capital Management LLC lifted its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 118,076 shares of the transportation company’s stock after acquiring an additional 2,576 shares during the period. Advisors Capital Management LLC owned approximately 0.28% of Copa worth $12,762,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of CPA. Bamco Inc. NY increased its position in shares of Copa by 89.5% during the second quarter. Bamco Inc. NY now owns 776,239 shares of the transportation company’s stock worth $75,738,000 after acquiring an additional 366,623 shares in the last quarter. BlackRock Inc. increased its position in shares of Copa by 25.3% during the second quarter. BlackRock Inc. now owns 1,591,467 shares of the transportation company’s stock worth $155,280,000 after acquiring an additional 321,725 shares in the last quarter. Millennium Management LLC increased its position in shares of Copa by 453.2% during the third quarter. Millennium Management LLC now owns 254,845 shares of the transportation company’s stock worth $25,165,000 after acquiring an additional 208,781 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Copa by 171.2% during the second quarter. Point72 Asset Management L.P. now owns 268,316 shares of the transportation company’s stock worth $26,180,000 after acquiring an additional 169,368 shares in the last quarter. Finally, Nuveen Asset Management LLC bought a new stake in shares of Copa during the second quarter worth about $12,275,000. 69.82% of the stock is owned by institutional investors.
CPA stock traded down $0.03 during trading on Friday, reaching $105.11. The stock had a trading volume of 3,132 shares, compared to its average volume of 265,856. Copa Holdings, S.A. has a one year low of $77.57 and a one year high of $116.88. The company has a quick ratio of 0.95, a current ratio of 1.04 and a debt-to-equity ratio of 0.61. The company’s 50 day moving average is $105.67 and its two-hundred day moving average is $102.44. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 16.13, a P/E/G ratio of 0.69 and a beta of 1.31.
Copa (NYSE:CPA) last issued its quarterly earnings data on Wednesday, November 13th. The transportation company reported $2.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.31 by $0.14. Copa had a net margin of 3.29% and a return on equity of 15.24%. The business had revenue of $708.21 million during the quarter, compared to the consensus estimate of $698.59 million. During the same period in the prior year, the firm posted $1.36 EPS. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, research analysts predict that Copa Holdings, S.A. will post 7.62 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Wednesday, November 27th. Copa’s payout ratio is 39.88%.
CPA has been the subject of several recent research reports. UBS Group raised shares of Copa from a “neutral” rating to a “buy” rating in a research report on Friday, September 27th. Evercore ISI reissued a “buy” rating on shares of Copa in a research report on Sunday, November 17th. Deutsche Bank boosted their target price on shares of Copa from $103.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Copa from a “buy” rating to a “sell” rating and set a $106.00 target price for the company. in a research report on Wednesday, October 9th. Finally, TheStreet downgraded shares of Copa from a “b-” rating to a “c+” rating in a research report on Monday, September 30th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $113.18.
Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 81 destinations in 33 countries in North, Central, and South America, as well as the Caribbean. As of April 24, 2019, it operated a fleet of 105 aircraft comprising 6 Boeing 737 MAX9s, 82 Boeing 737NGs, and 17 Embraer-190s aircraft.
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