Carrhae Capital LLP Invests $15.04 Million in Copa Holdings, S.A. $CPA

Carrhae Capital LLP acquired a new stake in shares of Copa Holdings, S.A. (NYSE:CPA) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 124,717 shares of the transportation company’s stock, valued at approximately $15,042,000. Copa makes up about 0.6% of Carrhae Capital LLP’s investment portfolio, making the stock its 28th largest position.

Several other large investors have also recently added to or reduced their stakes in CPA. Northwestern Mutual Wealth Management Co. lifted its position in Copa by 1,361,326.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 258,671 shares of the transportation company’s stock worth $31,198,000 after buying an additional 258,652 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Copa during the 4th quarter valued at $18,813,000. Clark Capital Management Group Inc. increased its stake in shares of Copa by 35.2% in the third quarter. Clark Capital Management Group Inc. now owns 550,805 shares of the transportation company’s stock worth $65,447,000 after acquiring an additional 143,497 shares during the last quarter. Two Sigma Investments LP raised its holdings in shares of Copa by 153.5% during the third quarter. Two Sigma Investments LP now owns 229,076 shares of the transportation company’s stock worth $27,219,000 after acquiring an additional 138,700 shares in the last quarter. Finally, Wasatch Advisors LP raised its holdings in shares of Copa by 33.3% during the third quarter. Wasatch Advisors LP now owns 547,618 shares of the transportation company’s stock worth $65,068,000 after acquiring an additional 136,719 shares in the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Stock Performance

Shares of CPA opened at $136.99 on Friday. The company has a market capitalization of $5.64 billion, a PE ratio of 7.99, a price-to-earnings-growth ratio of 1.06 and a beta of 0.94. Copa Holdings, S.A. has a one year low of $99.32 and a one year high of $156.41. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.16 and a quick ratio of 1.06. The company’s fifty day moving average price is $118.67 and its 200 day moving average price is $125.76.

Copa (NYSE:CPA) last released its quarterly earnings results on Wednesday, May 13th. The transportation company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.43 by $0.73. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Copa had a net margin of 18.76% and a return on equity of 26.01%. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the company earned $4.28 earnings per share. As a group, analysts expect that Copa Holdings, S.A. will post 15.74 earnings per share for the current year.

Copa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, May 29th. Copa’s payout ratio is currently 39.88%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CPA shares. Barclays lowered their target price on Copa from $185.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 24th. UBS Group reduced their price target on Copa from $190.00 to $185.00 and set a “buy” rating for the company in a report on Friday, March 27th. Citigroup lowered their price target on Copa from $155.00 to $140.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. Morgan Stanley reiterated an “overweight” rating and issued a $190.00 target price on shares of Copa in a research note on Monday, February 9th. Finally, Evercore reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Copa in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $165.80.

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.