Atlas Capital Advisors Inc. Buys New Holdings in Copa Holdings, S.A. $CPA

Atlas Capital Advisors Inc. bought a new stake in Copa Holdings, S.A. (NYSE:CPA) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,385 shares of the transportation company’s stock, valued at approximately $891,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC increased its stake in Copa by 0.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 65,822 shares of the transportation company’s stock valued at $7,939,000 after purchasing an additional 285 shares during the last quarter. Kestra Advisory Services LLC increased its stake in Copa by 3.1% in the fourth quarter. Kestra Advisory Services LLC now owns 17,646 shares of the transportation company’s stock valued at $2,128,000 after purchasing an additional 531 shares during the last quarter. Transamerica Financial Advisors LLC increased its stake in Copa by 12.1% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,656 shares of the transportation company’s stock valued at $200,000 after purchasing an additional 179 shares during the last quarter. Marshall Wace LLP increased its stake in Copa by 34.5% in the fourth quarter. Marshall Wace LLP now owns 163,349 shares of the transportation company’s stock valued at $19,702,000 after purchasing an additional 41,891 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in Copa by 55.0% in the fourth quarter. Stifel Financial Corp now owns 7,899 shares of the transportation company’s stock valued at $954,000 after purchasing an additional 2,803 shares during the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Stock Performance

Shares of CPA opened at $141.82 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66. The firm has a market cap of $5.83 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 1.13 and a beta of 1.00. The company’s 50 day simple moving average is $126.17 and its 200-day simple moving average is $127.26. Copa Holdings, S.A. has a 12-month low of $99.32 and a 12-month high of $156.41.

Copa (NYSE:CPA) last announced its earnings results on Wednesday, May 13th. The transportation company reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.73. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. Copa had a net margin of 18.76% and a return on equity of 26.01%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period last year, the firm posted $4.28 earnings per share. As a group, equities analysts predict that Copa Holdings, S.A. will post 15.18 EPS for the current year.

Copa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a dividend of $1.71 per share. The ex-dividend date is Friday, May 29th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.8%. Copa’s dividend payout ratio (DPR) is 39.88%.

Analyst Ratings Changes

Several brokerages have commented on CPA. Barclays dropped their price target on shares of Copa from $185.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 24th. Wall Street Zen upgraded shares of Copa from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Bank of America dropped their price target on shares of Copa from $212.00 to $171.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. JPMorgan Chase & Co. increased their price target on shares of Copa from $165.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Finally, Evercore reiterated an “outperform” rating and issued a $175.00 price target on shares of Copa in a research note on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $167.30.

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.