Pictet Asset Management Holding SA Has $3.21 Million Position in Copa Holdings, S.A. $CPA

Pictet Asset Management Holding SA lowered its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 73.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,263 shares of the transportation company’s stock after selling 76,947 shares during the quarter. Pictet Asset Management Holding SA owned about 0.07% of Copa worth $3,211,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC acquired a new stake in shares of Copa in the fourth quarter worth $27,000. Empowered Funds LLC acquired a new position in Copa in the 4th quarter valued at $29,000. US Bancorp DE grew its stake in Copa by 90.2% in the 3rd quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock valued at $30,000 after buying an additional 120 shares during the last quarter. Triumph Capital Management bought a new position in Copa in the 3rd quarter worth $36,000. Finally, Advisory Services Network LLC bought a new position in Copa in the 3rd quarter worth $50,000. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Stock Performance

NYSE CPA opened at $152.86 on Friday. 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 firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 8.91, a P/E/G ratio of 1.16 and a beta of 1.00. The company’s fifty day moving average is $136.06 and its two-hundred day moving average is $130.63. Copa Holdings, S.A. has a 52-week low of $106.56 and a 52-week high of $160.46.

Copa (NYSE:CPA) last posted its quarterly earnings data on Wednesday, May 13th. The transportation company reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.73. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. Copa had a net margin of 18.76% and a return on equity of 26.01%. The business’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.28 EPS. Equities research analysts forecast that Copa Holdings, S.A. will post 15.96 EPS for the current year.

Copa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 4.5%. The ex-dividend date was Friday, May 29th. Copa’s payout ratio is currently 39.88%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays decreased their price target on shares of Copa from $185.00 to $165.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th. UBS Group lifted their price objective on Copa from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Wall Street Zen raised Copa from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Jefferies Financial Group initiated coverage on Copa in a research note on Thursday, June 18th. They set a “buy” rating and a $185.00 target price for the company. Finally, Citigroup lowered their target price on Copa from $155.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average 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.