Truxt Investmentos Ltda. Purchases New Holdings in Copa Holdings, S.A. $CPA

Truxt Investmentos Ltda. bought a new stake in shares of Copa Holdings, S.A. (NYSE:CPA) in the third quarter, Holdings Channel reports. The fund bought 13,576 shares of the transportation company’s stock, valued at approximately $1,613,000. Copa comprises 2.4% of Truxt Investmentos Ltda.’s portfolio, making the stock its 9th biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. increased its holdings in Copa by 2.3% during the 3rd quarter. Legend Financial Advisors Inc. now owns 7,920 shares of the transportation company’s stock worth $941,000 after acquiring an additional 179 shares during the period. TD Waterhouse Canada Inc. lifted its holdings in shares of Copa by 2.1% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 8,915 shares of the transportation company’s stock worth $1,048,000 after acquiring an additional 182 shares during the last quarter. Jones Financial Companies Lllp grew its position in Copa by 100.0% in the third quarter. Jones Financial Companies Lllp now owns 364 shares of the transportation company’s stock worth $43,000 after acquiring an additional 182 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Copa by 271.4% in the third quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 190 shares during the last quarter. Finally, Focus Financial Network Inc. increased its stake in Copa by 10.6% in the third quarter. Focus Financial Network Inc. now owns 2,091 shares of the transportation company’s stock valued at $248,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 70.09% of the company’s stock.

Copa Stock Up 3.4%

Shares of NYSE CPA opened at $141.05 on Tuesday. The firm has a fifty day simple moving average of $125.21 and a two-hundred day simple moving average of $121.19. Copa Holdings, S.A. has a 12 month low of $82.54 and a 12 month high of $141.69. The company has a current ratio of 1.06, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $5.81 billion, a PE ratio of 8.77, a price-to-earnings-growth ratio of 1.54 and a beta of 0.92.

Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, November 19th. The transportation company reported $4.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.17. Copa had a net margin of 18.83% and a return on equity of 26.39%. The company had revenue of $913.15 million for the quarter, compared to analysts’ expectations of $917.51 million. During the same quarter in the previous year, the company earned $3.50 earnings per share. Copa’s quarterly revenue was up 6.8% on a year-over-year basis. Equities analysts expect that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Monday, December 1st. Copa’s dividend payout ratio (DPR) is presently 40.05%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Copa in a report on Wednesday, January 21st. Raymond James Financial set a $164.00 target price on Copa and gave the stock a “strong-buy” rating in a research note on Monday, November 3rd. Wall Street Zen cut shares of Copa from a “buy” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. lowered their price objective on shares of Copa from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Monday, December 8th. Finally, Itau BBA Securities initiated coverage on shares of Copa in a report on Sunday, November 30th. They set a “market perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Copa currently has a consensus rating of “Buy” and a consensus price target of $156.00.

Copa Company 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.