Jupiter Asset Management Ltd. decreased its holdings in Copa Holdings, S.A. (NYSE:CPA) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,393 shares of the transportation company’s stock after selling 2,585 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.11% of Copa worth $6,026,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Investec Asset Management LTD raised its position in shares of Copa by 331.0% during the third quarter. Investec Asset Management LTD now owns 67,456 shares of the transportation company’s stock worth $8,400,000 after acquiring an additional 51,806 shares during the last quarter. Cadence Capital Management LLC bought a new stake in Copa in the third quarter valued at about $1,747,000. Schroder Investment Management Group increased its holdings in Copa by 214.1% in the third quarter. Schroder Investment Management Group now owns 86,700 shares of the transportation company’s stock valued at $10,636,000 after purchasing an additional 59,100 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Copa by 5.1% in the third quarter. JPMorgan Chase & Co. now owns 3,112,359 shares of the transportation company’s stock valued at $381,825,000 after purchasing an additional 150,735 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in Copa by 21.1% in the third quarter. Legal & General Group Plc now owns 10,621 shares of the transportation company’s stock valued at $1,323,000 after purchasing an additional 1,853 shares during the last quarter. Hedge funds and other institutional investors own 61.74% of the company’s stock.
A number of research firms have issued reports on CPA. Santander raised Copa from an “underperform” rating to a “hold” rating in a research note on Monday. Bank of America decreased their target price on Copa from $167.00 to $154.00 and set a “buy” rating for the company in a research note on Tuesday, September 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $120.00 price objective on shares of Copa in a research report on Friday, August 11th. Zacks Investment Research cut Copa from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Finally, BidaskClub cut Copa from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $129.69.
Copa Holdings, S.A. (CPA) traded down $1.15 during trading hours on Thursday, reaching $134.19. The company’s stock had a trading volume of 184,700 shares, compared to its average volume of 311,874. The company has a quick ratio of 0.97, a current ratio of 1.05 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $6,051.86, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 2.38 and a beta of 1.94. Copa Holdings, S.A. has a 12-month low of $90.15 and a 12-month high of $138.69.
Copa (NYSE:CPA) last announced its earnings results on Wednesday, November 8th. The transportation company reported $2.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.06. The company had revenue of $657.17 million for the quarter, compared to analyst estimates of $644.36 million. Copa had a return on equity of 16.81% and a net margin of 14.88%. The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.30 earnings per share. equities research analysts forecast that Copa Holdings, S.A. will post 8.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.24%. Copa’s dividend payout ratio (DPR) is currently 34.84%.
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.
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