Flinton Capital Management LLC raised its stake in Copa Holdings, S.A. (NYSE:CPA) by 8.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,800 shares of the transportation company’s stock after buying an additional 4,624 shares during the period. Flinton Capital Management LLC owned 0.13% of Copa worth $7,749,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of CPA. Nationwide Fund Advisors boosted its position in Copa by 23.6% in the third quarter. Nationwide Fund Advisors now owns 215,158 shares of the transportation company’s stock valued at $26,794,000 after buying an additional 41,130 shares in the last quarter. Jennison Associates LLC acquired a new stake in Copa in the third quarter valued at approximately $1,708,000. BNP Paribas Arbitrage SA boosted its position in Copa by 32.6% in the third quarter. BNP Paribas Arbitrage SA now owns 29,384 shares of the transportation company’s stock valued at $3,659,000 after buying an additional 7,228 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Copa in the third quarter valued at approximately $4,884,000. Finally, Bank of New York Mellon Corp boosted its position in Copa by 44.7% in the third quarter. Bank of New York Mellon Corp now owns 194,756 shares of the transportation company’s stock valued at $24,254,000 after buying an additional 60,168 shares in the last quarter. Hedge funds and other institutional investors own 64.92% of the company’s stock.
CPA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upgraded shares of Copa from a “neutral” rating to an “overweight” rating and set a $155.00 target price on the stock in a research report on Tuesday, November 21st. Santander upgraded shares of Copa from an “underperform” rating to a “hold” rating in a research report on Monday, December 4th. Cowen reiterated a “hold” rating and set a $137.00 price target on shares of Copa in a report on Tuesday, January 9th. Zacks Investment Research upgraded shares of Copa from a “hold” rating to a “buy” rating and set a $148.00 price target on the stock in a report on Tuesday, January 9th. Finally, Bank of America started coverage on shares of Copa in a report on Friday, January 12th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Copa presently has a consensus rating of “Hold” and a consensus price target of $145.38.
Copa (NYSE:CPA) last issued its quarterly earnings results on Wednesday, February 21st. The transportation company reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.33 by $0.03. The company had revenue of $675.58 million for the quarter, compared to analyst estimates of $666.96 million. Copa had a net margin of 14.64% and a return on equity of 18.25%. Copa’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.26 earnings per share. research analysts forecast that Copa Holdings, S.A. will post 10.35 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Monday, March 5th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Friday, March 2nd. This is an increase from Copa’s previous quarterly dividend of $0.75. Copa’s dividend payout ratio (DPR) is currently 39.86%.
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Copa Company Profile
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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