Deprince Race & Zollo Inc. Increases Stock Holdings in Copa Holdings, S.A. $CPA

Deprince Race & Zollo Inc. increased its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 92.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 26,479 shares of the transportation company’s stock after acquiring an additional 12,692 shares during the period. Deprince Race & Zollo Inc. owned approximately 0.06% of Copa worth $3,008,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CPA. Capital World Investors lifted its position in shares of Copa by 0.9% during the third quarter. Capital World Investors now owns 4,573,570 shares of the transportation company’s stock worth $543,432,000 after purchasing an additional 40,285 shares in the last quarter. Aptus Capital Advisors LLC grew its holdings in Copa by 14.9% during the 3rd 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. Mirabella Financial Services LLP acquired a new stake in Copa during the 3rd quarter valued at $3,809,000. Captrust Financial Advisors increased its stake in Copa by 3.6% during the 3rd quarter. Captrust Financial Advisors now owns 642,777 shares of the transportation company’s stock worth $76,375,000 after buying an additional 22,177 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Copa during the 3rd quarter worth $879,000. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Copa Trading Down 0.1%

CPA opened at $152.86 on Friday. Copa Holdings, S.A. has a 12-month low of $106.56 and a 12-month high of $160.46. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.16 and a quick ratio of 1.06. The stock has a market capitalization of $6.29 billion, a PE ratio of 8.91, a P/E/G ratio of 1.16 and a beta of 1.00. The firm’s fifty day moving average price is $135.40 and its 200 day moving average price is $130.48.

Copa (NYSE:CPA) last announced 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. The company had revenue of $1.05 billion during 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 firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period last year, the business earned $4.28 EPS. As a group, 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 given a dividend of $1.71 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $6.84 annualized dividend and a dividend yield of 4.5%. Copa’s dividend payout ratio (DPR) is presently 39.88%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CPA shares. Wall Street Zen raised shares of Copa from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Barclays dropped their target price on Copa from $185.00 to $165.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. Citigroup cut their price target on Copa from $155.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, March 17th. Evercore reissued an “outperform” rating and issued a $175.00 price target on shares of Copa in a report on Friday, May 15th. Finally, Bank of America lowered their price objective on Copa from $212.00 to $171.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $168.91.

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.