Squarepoint Ops LLC bought a new stake in shares of Copa Holdings, S.A. (NYSE:CPA) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 59,989 shares of the transportation company’s stock, valued at approximately $5,924,000. Squarepoint Ops LLC owned about 0.14% of Copa as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new stake in shares of Copa during the second quarter worth $57,000. Cerebellum GP LLC bought a new position in Copa during the third quarter worth about $126,000. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Copa by 8.0% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,398 shares of the transportation company’s stock worth $132,000 after buying an additional 103 shares during the period. Quantamental Technologies LLC acquired a new position in shares of Copa during the 2nd quarter worth about $165,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Copa by 197.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,730 shares of the transportation company’s stock valued at $170,000 after acquiring an additional 1,148 shares during the last quarter. 69.82% of the stock is currently owned by institutional investors.
NYSE:CPA opened at $103.10 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.04 and a quick ratio of 0.95. The business’s 50-day simple moving average is $104.38 and its 200-day simple moving average is $99.99. Copa Holdings, S.A. has a fifty-two week low of $72.00 and a fifty-two week high of $116.88. The stock has a market capitalization of $4.40 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 0.86 and a beta of 1.32.
Copa (NYSE:CPA) last posted its earnings results on Wednesday, November 13th. The transportation company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.14. Copa had a return on equity of 15.24% and a net margin of 3.29%. The business had revenue of $708.21 million during the quarter, compared to analysts’ expectations of $698.59 million. During the same period in the prior year, the business earned $1.36 EPS. Copa’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, research analysts expect that Copa Holdings, S.A. will post 7.62 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Wednesday, November 27th. Copa’s dividend payout ratio is 39.88%.
A number of analysts recently weighed in on the stock. ValuEngine lowered shares of Copa from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 14th. Stifel Nicolaus boosted their price objective on shares of Copa from $90.00 to $95.00 and gave the company a “hold” rating in a report on Thursday, August 8th. Raymond James raised shares of Copa from a “market perform” rating to an “outperform” rating and set a $127.00 target price for the company in a research note on Friday, August 9th. UBS Group upgraded shares of Copa from a “neutral” rating to a “buy” rating in a report on Friday, September 27th. Finally, Evercore ISI reissued a “buy” rating on shares of Copa in a research report on Sunday, November 17th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. Copa currently has a consensus rating of “Hold” and a consensus target price of $110.83.
Copa Company Profile
Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 81 destinations in 33 countries in North, Central, and South America, as well as the Caribbean. As of April 24, 2019, it operated a fleet of 105 aircraft comprising 6 Boeing 737 MAX9s, 82 Boeing 737NGs, and 17 Embraer-190s aircraft.
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