Deltec Asset Management LLC Has $4.68 Million Position in Copa Holdings, S.A. $CPA

Deltec Asset Management LLC lessened its stake in Copa Holdings, S.A. (NYSE:CPA) by 33.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 39,400 shares of the transportation company’s stock after selling 19,975 shares during the period. Deltec Asset Management LLC’s holdings in Copa were worth $4,682,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CPA. Fifth Third Bancorp acquired a new stake in shares of Copa in the 2nd quarter valued at $25,000. CWM LLC boosted its holdings in Copa by 408.2% in the third quarter. CWM LLC now owns 249 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 200 shares during the last quarter. Farther Finance Advisors LLC increased its position in 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. Bayforest Capital Ltd bought a new stake in Copa during the 1st quarter worth about $36,000. Finally, McIlrath & Eck LLC bought a new stake in Copa during the 3rd quarter worth about $69,000. 70.09% of the stock is currently owned by institutional investors.

Copa Stock Up 0.4%

Shares of NYSE:CPA opened at $130.89 on Friday. The company has a 50 day moving average price of $122.14 and a two-hundred day moving average price of $118.48. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 1.06. The company has a market capitalization of $5.39 billion, a PE ratio of 8.14, a PEG ratio of 1.48 and a beta of 0.92. Copa Holdings, S.A. has a 52 week low of $82.54 and a 52 week high of $133.00.

Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, November 19th. The transportation company reported $4.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.17. Copa had a net margin of 18.83% and a return on equity of 26.39%. The company had revenue of $913.15 million during the quarter, compared to analyst estimates of $917.51 million. During the same quarter in the previous year, the business earned $3.50 EPS. The firm’s revenue was up 6.8% on a year-over-year basis. Analysts forecast that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a dividend of $1.61 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $6.44 dividend on an annualized basis and a dividend yield of 4.9%. Copa’s dividend payout ratio (DPR) is currently 40.05%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CPA. Evercore ISI lifted their price target on shares of Copa from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. JPMorgan Chase & Co. reduced their price objective on shares of Copa from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, December 8th. Raymond James Financial set a $164.00 target price on shares of Copa and gave the stock a “strong-buy” rating in a report on Monday, November 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Copa in a research report on Wednesday, October 8th. Finally, Itau BBA Securities initiated coverage on Copa in a research report on Sunday, November 30th. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Copa currently has a consensus rating of “Buy” and an average target price of $156.00.

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.