Carrera Capital Advisors Acquires Shares of 36,720 Copa Holdings, S.A. $CPA

Carrera Capital Advisors bought a new position in Copa Holdings, S.A. (NYSE:CPA) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 36,720 shares of the transportation company’s stock, valued at approximately $4,363,000. Copa accounts for 0.8% of Carrera Capital Advisors’ holdings, making the stock its 26th largest holding.

A number of other large investors have also modified their holdings of CPA. Fifth Third Bancorp acquired a new stake in Copa during the 2nd quarter valued at $25,000. CWM LLC increased its position in shares of Copa by 408.2% during the third quarter. CWM LLC now owns 249 shares of the transportation company’s stock worth $30,000 after acquiring an additional 200 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Copa by 271.4% in the third quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock worth $31,000 after acquiring an additional 190 shares in the last quarter. Marquette Asset Management LLC purchased a new position in Copa in the third quarter valued at about $36,000. Finally, Richardson Financial Services Inc. boosted its holdings in Copa by 121.2% in the third quarter. Richardson Financial Services Inc. now owns 480 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 263 shares during the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

Wall Street Analyst Weigh In

CPA has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Copa in a research report on Wednesday, January 21st. JPMorgan Chase & Co. cut their price target on shares of Copa from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, December 8th. Itau BBA Securities began coverage on shares of Copa in a research note on Sunday, November 30th. They set a “market perform” rating on the stock. Raymond James Financial set a $164.00 price target on Copa and gave the stock a “strong-buy” rating in a research note on Monday, November 3rd. Finally, Wall Street Zen cut Copa from a “buy” rating to a “hold” rating in a research note on Saturday. 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. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $156.00.

Copa Trading Up 2.8%

NYSE CPA opened at $136.49 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 1.06. Copa Holdings, S.A. has a one year low of $82.54 and a one year high of $138.00. The company has a 50-day simple moving average of $124.75 and a 200-day simple moving average of $120.88. The firm has a market capitalization of $5.62 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 1.50 and a beta of 0.92.

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

Copa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $1.61 per share. The ex-dividend date was Monday, December 1st. This represents a $6.44 dividend on an annualized basis and a yield of 4.7%. Copa’s payout ratio is currently 40.05%.

Copa 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.