Captrust Financial Advisors Acquires 22,177 Shares of Copa Holdings, S.A. $CPA

Captrust Financial Advisors lifted its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 3.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 642,777 shares of the transportation company’s stock after purchasing an additional 22,177 shares during the period. Captrust Financial Advisors’ holdings in Copa were worth $76,375,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cullen Capital Management LLC lifted its position in Copa by 13.7% during the 3rd quarter. Cullen Capital Management LLC now owns 209,401 shares of the transportation company’s stock worth $24,881,000 after buying an additional 25,173 shares in the last quarter. Carrera Capital Advisors acquired a new stake in Copa in the 3rd quarter valued at about $4,363,000. GSA Capital Partners LLP increased its position in Copa by 657.8% in the 3rd quarter. GSA Capital Partners LLP now owns 19,786 shares of the transportation company’s stock valued at $2,351,000 after acquiring an additional 17,175 shares in the last quarter. Savant Capital LLC bought a new position in shares of Copa in the second quarter worth about $240,000. Finally, Aptus Capital Advisors LLC raised its stake in shares of Copa by 14.9% in the third quarter. Aptus Capital Advisors LLC now owns 65,537 shares of the transportation company’s stock worth $7,787,000 after acquiring an additional 8,510 shares during the last quarter. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CPA has been the topic of several research analyst reports. The Goldman Sachs Group cut shares of Copa from a “buy” rating to a “neutral” rating and increased their price target for the company from $150.00 to $151.00 in a research note on Thursday, February 12th. Bank of America dropped their price objective on shares of Copa from $212.00 to $171.00 and set a “buy” rating for the company in a research report on Wednesday. Barclays upped their price objective on Copa from $150.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Copa in a research report on Wednesday, January 21st. Finally, Morgan Stanley reissued an “overweight” rating and issued a $190.00 target price on shares of Copa in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Copa has an average rating of “Moderate Buy” and an average target price of $166.44.

Copa Stock Down 5.2%

Shares of NYSE:CPA opened at $110.15 on Thursday. The company has a 50 day moving average price of $135.35 and a two-hundred day moving average price of $126.27. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.20 and a current ratio of 1.31. The company has a market capitalization of $4.53 billion, a PE ratio of 6.77, a PEG ratio of 0.79 and a beta of 0.89. Copa Holdings, S.A. has a 52 week low of $82.54 and a 52 week high of $156.41.

Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, February 11th. The transportation company reported $4.18 earnings per share for the quarter, missing analysts’ consensus estimates of $4.44 by ($0.26). Copa had a return on equity of 25.62% and a net margin of 18.57%.The firm had revenue of $962.89 million for the quarter, compared to the consensus estimate of $959.22 million. During the same period in the prior year, the business earned $3.99 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. Analysts forecast that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a dividend of $1.71 per share. This is a boost from Copa’s previous quarterly dividend of $1.61. This represents a $6.84 annualized dividend and a yield of 6.2%. The ex-dividend date was Friday, February 27th. Copa’s dividend payout ratio is presently 42.04%.

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.