Copa Holdings, S.A. $CPA Shares Bought by Burney Co.

Burney Co. grew its holdings in Copa Holdings, S.A. (NYSE:CPA) by 907.8% during the first quarter, HoldingsChannel reports. The firm owned 60,789 shares of the transportation company’s stock after acquiring an additional 54,757 shares during the period. Burney Co.’s holdings in Copa were worth $6,906,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CPA. Hilton Head Capital Partners LLC purchased a new stake in shares of Copa in the fourth quarter valued at approximately $27,000. Empowered Funds LLC purchased a new position in Copa during the fourth quarter worth approximately $29,000. US Bancorp DE lifted its position in Copa by 90.2% during the third quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock worth $30,000 after buying an additional 120 shares in the last quarter. SJS Investment Consulting Inc. boosted its stake in Copa by 284.2% during the first quarter. SJS Investment Consulting Inc. now owns 292 shares of the transportation company’s stock worth $33,000 after buying an additional 216 shares during the last quarter. Finally, Triumph Capital Management acquired a new position in Copa during the third quarter worth $36,000. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CPA has been the subject of several analyst reports. Wall Street Zen upgraded Copa from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Citigroup reduced their price target on Copa from $155.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. Barclays lowered their price target on shares of Copa from $185.00 to $165.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. JPMorgan Chase & Co. raised their price objective on shares of Copa from $165.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Finally, UBS Group raised 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. One 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.com, the stock presently has an average rating of “Buy” and a consensus target price of $168.91.

Copa Trading Up 1.4%

CPA opened at $154.79 on Tuesday. The stock has a market capitalization of $6.37 billion, a PE ratio of 9.03, a P/E/G ratio of 1.16 and a beta of 1.00. Copa Holdings, S.A. has a one year low of $106.56 and a one year high of $160.46. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.06 and a current ratio of 1.16. The business’s 50 day moving average price is $136.84 and its 200 day moving average price is $130.97.

Copa (NYSE:CPA) last posted its earnings results 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. Copa had a return on equity of 26.01% and a net margin of 18.76%.The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the firm earned $4.28 earnings per share. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. As a group, equities research analysts expect that Copa Holdings, S.A. will post 15.96 EPS for the current year.

Copa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a dividend of $1.71 per share. The ex-dividend date 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 currently 39.88%.

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.