1492 Capital Management LLC Sells 7,086 Shares of Copa Holdings, S.A. $CPA

1492 Capital Management LLC cut its holdings in Copa Holdings, S.A. (NYSE:CPA) by 11.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 53,743 shares of the transportation company’s stock after selling 7,086 shares during the quarter. Copa accounts for about 2.3% of 1492 Capital Management LLC’s portfolio, making the stock its 7th biggest position. 1492 Capital Management LLC’s holdings in Copa were worth $6,106,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CPA. Capital World Investors boosted its holdings in Copa by 0.7% during the fourth quarter. Capital World Investors now owns 4,603,671 shares of the transportation company’s stock worth $555,249,000 after buying an additional 30,101 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Copa by 2.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,647,779 shares of the transportation company’s stock worth $198,739,000 after purchasing an additional 44,834 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Copa by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,344,720 shares of the transportation company’s stock worth $162,185,000 after buying an additional 31,699 shares during the period. Captrust Financial Advisors raised its holdings in Copa by 1.9% during the 4th quarter. Captrust Financial Advisors now owns 654,830 shares of the transportation company’s stock worth $78,979,000 after buying an additional 12,053 shares during the period. Finally, Brandes Investment Partners LP lifted its stake in Copa by 3.5% during the fourth quarter. Brandes Investment Partners LP now owns 654,255 shares of the transportation company’s stock valued at $78,910,000 after buying an additional 22,126 shares in the last quarter. 70.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CPA has been the subject of several recent analyst reports. The Goldman Sachs Group raised their target price on shares of Copa from $138.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Citigroup reduced their price target on shares of Copa from $155.00 to $140.00 and set a “buy” rating for the company in a research report on Tuesday, March 17th. Evercore reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Copa in a research note on Friday, May 15th. Jefferies Financial Group started coverage on shares of Copa in a research report on Thursday, June 18th. They set a “buy” rating and a $185.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their target price 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. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Copa has an average rating of “Buy” and an average price target of $168.91.

Copa Stock Performance

Shares of CPA opened at $157.22 on Friday. The company’s 50 day moving average price is $132.87 and its 200 day moving average price is $129.37. Copa Holdings, S.A. has a 52 week low of $104.90 and a 52 week high of $160.46. The company has a market capitalization of $6.47 billion, a PE ratio of 9.17, a PEG ratio of 1.20 and a beta of 1.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.06 and a current ratio of 1.16.

Copa (NYSE:CPA) last released its quarterly earnings data on Wednesday, May 13th. The transportation company reported $5.16 earnings per share for the quarter, beating 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 firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the business earned $4.28 EPS. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. Research analysts expect that Copa Holdings, S.A. will post 15.96 EPS for the current fiscal year.

Copa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $1.71 dividend. 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 4.4%. Copa’s dividend payout ratio is 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.