Flinton Capital Management LLC lessened its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 57.2% during the 4th quarter, Holdings Channel reports. The fund owned 35,598 shares of the transportation company’s stock after selling 47,634 shares during the quarter. Flinton Capital Management LLC’s holdings in Copa were worth $2,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of CPA. BlackRock Inc. boosted its stake in shares of Copa by 101.1% during the 4th quarter. BlackRock Inc. now owns 1,500,956 shares of the transportation company’s stock worth $118,141,000 after acquiring an additional 754,505 shares during the last quarter. Brandes Investment Partners LP purchased a new position in shares of Copa during the 4th quarter worth $34,753,000. MARSHALL WACE ASIA Ltd purchased a new position in shares of Copa during the 3rd quarter worth $24,102,000. Baillie Gifford & Co. boosted its stake in shares of Copa by 8.7% during the 3rd quarter. Baillie Gifford & Co. now owns 3,165,519 shares of the transportation company’s stock worth $252,735,000 after acquiring an additional 253,414 shares during the last quarter. Finally, INCA Investments LLC boosted its stake in shares of Copa by 31.0% during the 4th quarter. INCA Investments LLC now owns 938,100 shares of the transportation company’s stock worth $73,838,000 after acquiring an additional 222,067 shares during the last quarter. Institutional investors and hedge funds own 61.84% of the company’s stock.
Several brokerages have recently weighed in on CPA. Zacks Investment Research upgraded shares of Copa from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a research note on Monday, January 28th. Bank of America cut shares of Copa from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 30th. Stifel Nicolaus upgraded shares of Copa from a “sell” rating to a “hold” rating and lifted their target price for the company from $70.00 to $90.00 in a research note on Friday, February 15th. TheStreet cut shares of Copa from a “b” rating to a “c+” rating in a research note on Thursday, February 14th. Finally, Imperial Capital restated an “underperform” rating and set a $77.00 target price (up previously from $68.00) on shares of Copa in a research note on Wednesday, February 20th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. Copa has an average rating of “Hold” and an average target price of $98.08.
CPA opened at $82.80 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.93 and a current ratio of 1.02. Copa Holdings, S.A. has a fifty-two week low of $67.38 and a fifty-two week high of $140.33. The firm has a market cap of $3.49 billion, a P/E ratio of 12.70, a PEG ratio of 1.23 and a beta of 1.50.
Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, February 13th. The transportation company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.02). The company had revenue of $656.06 million during the quarter, compared to analysts’ expectations of $660.29 million. Copa had a return on equity of 13.56% and a net margin of 3.29%. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.36 EPS. As a group, equities analysts expect that Copa Holdings, S.A. will post 7.11 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 28th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Wednesday, February 27th. Copa’s payout ratio is currently 53.37%.
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Copa Company Profile
Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 75 destinations in 31 countries in North, Central, and South America, as well as the Caribbean. As of April 12, 2018, it operated a fleet of 101 aircraft comprising 81 Boeing 737NG aircraft and 20 EMBRAER-190s aircraft.
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