Brandes Investment Partners LP Has $78.91 Million Stock Holdings in Copa Holdings, S.A. $CPA

Brandes Investment Partners LP grew its position in Copa Holdings, S.A. (NYSE:CPA) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 654,255 shares of the transportation company’s stock after purchasing an additional 22,126 shares during the period. Brandes Investment Partners LP owned about 1.59% of Copa worth $78,910,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CPA. Northwestern Mutual Wealth Management Co. raised its holdings in Copa by 1,361,326.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 258,671 shares of the transportation company’s stock worth $31,198,000 after purchasing an additional 258,652 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Copa in the fourth quarter worth $18,813,000. Clark Capital Management Group Inc. raised its holdings in Copa by 35.2% in the third quarter. Clark Capital Management Group Inc. now owns 550,805 shares of the transportation company’s stock worth $65,447,000 after purchasing an additional 143,497 shares during the period. Two Sigma Investments LP raised its holdings in Copa by 153.5% in the third quarter. Two Sigma Investments LP now owns 229,076 shares of the transportation company’s stock worth $27,219,000 after purchasing an additional 138,700 shares during the period. Finally, Wasatch Advisors LP raised its holdings in Copa by 33.3% in the third quarter. Wasatch Advisors LP now owns 547,618 shares of the transportation company’s stock worth $65,068,000 after purchasing an additional 136,719 shares during the period. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CPA shares. Wall Street Zen upgraded shares of Copa from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Barclays cut their target price on shares of Copa from $185.00 to $165.00 and set an “overweight” rating on the stock in a report on Tuesday, March 24th. Evercore reiterated an “outperform” rating and issued a $175.00 target price on shares of Copa in a report on Friday, May 15th. Citigroup cut their target price on shares of Copa from $155.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. Finally, JPMorgan Chase & Co. increased their target price on shares of Copa from $165.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Copa currently has an average rating of “Buy” and a consensus price target of $167.30.

Copa Trading Up 2.5%

CPA opened at $134.96 on Wednesday. The stock has a market capitalization of $5.55 billion, a P/E ratio of 7.87, a P/E/G ratio of 1.05 and a beta of 1.00. Copa Holdings, S.A. has a 12 month low of $99.32 and a 12 month high of $156.41. The firm’s fifty day simple moving average is $124.78 and its 200 day simple moving average is $126.82. The company has a current ratio of 1.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66.

Copa (NYSE:CPA) last posted its quarterly earnings data on Wednesday, May 13th. The transportation company reported $5.16 EPS for the quarter, beating the consensus estimate of $4.43 by $0.73. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Copa had a net margin of 18.76% and a return on equity of 26.01%. The firm’s revenue was up 17.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.28 EPS. As a group, research analysts anticipate that Copa Holdings, S.A. will post 15.18 EPS for the current fiscal year.

Copa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Friday, May 29th. Copa’s payout ratio is currently 39.88%.

About Copa

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.