Two Sigma Investments LP decreased its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 11.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 249,595 shares of the transportation company’s stock after selling 31,246 shares during the period. Two Sigma Investments LP owned 0.56% of Copa worth $33,461,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC acquired a new position in Copa during the 3rd quarter worth $1,708,000. Bamco Inc. NY lifted its position in Copa by 11.1% during the 3rd quarter. Bamco Inc. NY now owns 569,642 shares of the transportation company’s stock worth $70,938,000 after acquiring an additional 56,862 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Copa by 76.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 55,461 shares of the transportation company’s stock worth $6,907,000 after acquiring an additional 24,041 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in Copa by 5.2% during the 3rd quarter. Artisan Partners Limited Partnership now owns 112,875 shares of the transportation company’s stock worth $14,056,000 after acquiring an additional 5,554 shares during the last quarter. Finally, Baltimore Capital Management Inc. acquired a new position in Copa during the 3rd quarter worth $641,000. 64.92% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have weighed in on CPA. Zacks Investment Research lowered shares of Copa from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Stifel Nicolaus boosted their price objective on shares of Copa from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, February 23rd. Santander upgraded shares of Copa from an “underperform” rating to a “hold” rating in a report on Monday, December 4th. Cowen restated a “hold” rating and set a $137.00 price objective on shares of Copa in a report on Tuesday, January 9th. Finally, UBS Group set a $121.00 price objective on shares of Copa and gave the stock a “sell” rating in a report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $145.38.
Copa (NYSE:CPA) last posted its quarterly earnings data on Wednesday, February 21st. The transportation company reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.03. Copa had a net margin of 14.64% and a return on equity of 18.25%. The company had revenue of $675.58 million for the quarter, compared to the consensus estimate of $666.96 million. During the same quarter in the previous year, the firm posted $2.26 EPS. The business’s revenue was up 12.4% compared to the same quarter last year. equities research analysts forecast that Copa Holdings, S.A. will post 10.35 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Monday, March 5th will be issued a dividend of $0.87 per share. This is an increase from Copa’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $3.48 annualized dividend and a dividend yield of 2.49%. Copa’s payout ratio is presently 39.86%.
COPYRIGHT VIOLATION WARNING: This news story was first reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2018/03/14/copa-holdings-s-a-cpa-shares-sold-by-two-sigma-investments-lp.html.
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.
Receive News & Ratings for Copa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copa and related companies with MarketBeat.com's FREE daily email newsletter.