Copa Holdings, S.A. $CPA Shares Acquired by Banco BTG Pactual S.A.

Banco BTG Pactual S.A. raised its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 185.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,090 shares of the transportation company’s stock after acquiring an additional 6,550 shares during the period. Banco BTG Pactual S.A.’s holdings in Copa were worth $1,217,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. GSA Capital Partners LLP increased its position in shares of Copa by 657.8% during the third 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 during the last quarter. Capital World Investors grew its holdings in shares of Copa by 0.9% in the third quarter. Capital World Investors now owns 4,573,570 shares of the transportation company’s stock valued at $543,432,000 after purchasing an additional 40,285 shares in the last quarter. Aptus Capital Advisors LLC grew its holdings 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 valued at $7,787,000 after purchasing an additional 8,510 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Copa by 33.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 104,675 shares of the transportation company’s stock worth $12,438,000 after acquiring an additional 26,158 shares in the last quarter. Finally, Mirabella Financial Services LLP acquired a new position in Copa during the 3rd quarter worth approximately $3,809,000. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on CPA shares. Citigroup lowered their price target on shares of Copa from $155.00 to $140.00 and set a “buy” rating for the company in a report on Tuesday, March 17th. Evercore restated an “outperform” rating and set a $175.00 price objective on shares of Copa in a research report on Friday, May 15th. Barclays reduced their price objective on shares of Copa from $185.00 to $165.00 and set an “overweight” rating for the company in a research report on Tuesday, March 24th. Wall Street Zen upgraded shares of Copa from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Bank of America reduced 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, March 18th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $167.30.

Copa Stock Up 8.0%

Shares of NYSE:CPA opened at $138.80 on Friday. The company has a market capitalization of $5.71 billion, a PE ratio of 8.09, a P/E/G ratio of 1.03 and a beta of 1.00. 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 Holdings, S.A. has a twelve month low of $99.32 and a twelve month high of $156.41. The firm has a 50 day simple moving average of $125.69 and a 200-day simple moving average of $127.10.

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

Copa Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, May 29th. This represents a $6.84 annualized dividend and a yield of 4.9%. Copa’s dividend payout ratio is 39.88%.

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.