Hsbc Holdings PLC Trims Stock Position in Copa Holdings, S.A. $CPA

Hsbc Holdings PLC trimmed its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 22.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,753 shares of the transportation company’s stock after selling 11,776 shares during the quarter. Hsbc Holdings PLC owned about 0.10% of Copa worth $5,056,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Copa by 1,361,326.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 258,671 shares of the transportation company’s stock worth $31,198,000 after purchasing an additional 258,652 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of Copa by 428.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 258,251 shares of the transportation company’s stock worth $31,148,000 after purchasing an additional 209,381 shares during the period. Assenagon Asset Management S.A. purchased a new position in Copa in the 4th quarter valued at $18,813,000. Clark Capital Management Group Inc. increased its stake in Copa by 35.2% in the 3rd quarter. Clark Capital Management Group Inc. now owns 550,805 shares of the transportation company’s stock valued at $65,447,000 after buying an additional 143,497 shares during the period. Finally, Two Sigma Investments LP increased its stake in Copa by 153.5% in the 3rd quarter. Two Sigma Investments LP now owns 229,076 shares of the transportation company’s stock valued at $27,219,000 after buying an additional 138,700 shares during the period. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

Copa Price Performance

Shares of NYSE CPA opened at $157.22 on Friday. 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 Holdings, S.A. has a one year low of $104.90 and a one year high of $160.46. The firm has a market capitalization of $6.47 billion, a P/E ratio of 9.17, a PEG ratio of 1.20 and a beta of 1.00. The company’s fifty day moving average is $132.87 and its two-hundred day moving average is $129.37.

Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, May 13th. The transportation company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $4.28 EPS. The business’s revenue was up 17.0% compared to the same quarter last year. Analysts forecast that Copa Holdings, S.A. will post 15.96 EPS for the current fiscal year.

Copa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 4.4%. The ex-dividend date was Friday, May 29th. Copa’s dividend payout ratio is presently 39.88%.

Analyst Ratings Changes

A number of equities analysts have commented on CPA shares. UBS Group upped their price objective on shares of Copa from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. boosted their price target on shares of Copa from $165.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Jefferies Financial Group initiated coverage on shares of Copa in a report on Thursday, June 18th. They set a “buy” rating and a $185.00 price target for the company. 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. Finally, Wall Street Zen raised Copa from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $168.91.

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.