Deltec Asset Management LLC Trims Stock Position in Copa Holdings, S.A. $CPA

Deltec Asset Management LLC decreased its position in Copa Holdings, S.A. (NYSE:CPA) by 26.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,925 shares of the transportation company’s stock after selling 9,975 shares during the period. Deltec Asset Management LLC owned 0.07% of Copa worth $3,173,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital World Investors lifted its holdings in Copa by 0.9% during the third quarter. Capital World Investors now owns 4,573,570 shares of the transportation company’s stock worth $543,432,000 after buying an additional 40,285 shares during the period. Aptus Capital Advisors LLC increased its holdings in shares of Copa by 14.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 65,537 shares of the transportation company’s stock valued at $7,787,000 after acquiring an additional 8,510 shares during the period. Mirabella Financial Services LLP bought a new position in shares of Copa in the 3rd quarter worth $3,809,000. Captrust Financial Advisors raised its position in shares of Copa by 3.6% in the 3rd quarter. Captrust Financial Advisors now owns 642,777 shares of the transportation company’s stock worth $76,375,000 after acquiring an additional 22,177 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Copa during the 3rd quarter worth $879,000. Institutional investors own 70.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CPA shares. Jefferies Financial Group started coverage on Copa in a research report on Thursday, June 18th. They set a “buy” rating and a $185.00 price objective on the stock. Wall Street Zen upgraded shares of Copa from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Evercore reissued an “outperform” rating and set a $175.00 price target on shares of Copa in a research report on Friday, May 15th. UBS Group raised their price target on shares of Copa from $185.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Finally, The Goldman Sachs Group lifted their price objective on shares of Copa from $138.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Copa has a consensus rating of “Buy” and an average target price of $168.91.

Copa Stock Down 1.5%

Shares of CPA stock opened at $153.23 on Thursday. The stock’s fifty day moving average price is $134.76 and its 200 day moving average price is $130.24. Copa Holdings, S.A. has a 1-year low of $106.56 and a 1-year high of $160.46. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 1.18 and a beta of 0.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.16 and a quick ratio of 1.06.

Copa (NYSE:CPA) last released its quarterly earnings results on Wednesday, May 13th. The transportation company reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.43 by $0.73. Copa had a return on equity of 26.01% and a net margin of 18.76%.The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the business posted $4.28 earnings per share. The firm’s revenue was up 17.0% compared to the same quarter last year. On average, research analysts expect that Copa Holdings, S.A. will post 15.96 earnings per share for the current fiscal year.

Copa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a dividend of $1.71 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.5%. Copa’s payout ratio is 39.88%.

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.