FIL Ltd grew its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 45.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 619,303 shares of the transportation company’s stock after buying an additional 193,214 shares during the period. FIL Ltd owned 1.47% of Copa worth $49,445,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in CPA. NumerixS Investment Technologies Inc increased its position in shares of Copa by 5,900.0% in the second quarter. NumerixS Investment Technologies Inc now owns 6,000 shares of the transportation company’s stock worth $566,000 after purchasing an additional 5,900 shares during the last quarter. Gradient Investments LLC bought a new position in shares of Copa in the third quarter worth approximately $1,912,000. Advisors Asset Management Inc. increased its position in shares of Copa by 23.1% in the second quarter. Advisors Asset Management Inc. now owns 14,502 shares of the transportation company’s stock worth $1,372,000 after purchasing an additional 2,725 shares during the last quarter. Raymond James & Associates increased its position in shares of Copa by 46.0% in the second quarter. Raymond James & Associates now owns 11,406 shares of the transportation company’s stock worth $1,079,000 after purchasing an additional 3,593 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Copa by 419.9% in the second quarter. SG Americas Securities LLC now owns 13,425 shares of the transportation company’s stock worth $1,270,000 after purchasing an additional 10,843 shares during the last quarter. Hedge funds and other institutional investors own 61.23% of the company’s stock.
CPA has been the topic of several research analyst reports. Morgan Stanley set a $99.00 price objective on shares of Copa and gave the stock a “buy” rating in a research report on Tuesday, September 18th. Buckingham Research upgraded shares of Copa from a “neutral” rating to a “buy” rating and reduced their price target for the company from $103.00 to $95.00 in a research report on Wednesday, September 12th. They noted that the move was a valuation call. JPMorgan Chase & Co. cut shares of Copa to a “buy” rating and set a $100.00 price target on the stock. in a research report on Friday. Zacks Investment Research upgraded shares of Copa from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 11th. Finally, ValuEngine upgraded shares of Copa from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $98.50.
Copa (NYSE:CPA) last issued its quarterly earnings results on Wednesday, November 14th. The transportation company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.06). Copa had a net margin of 12.79% and a return on equity of 15.71%. The business had revenue of $672.40 million for the quarter, compared to the consensus estimate of $677.93 million. During the same quarter in the previous year, the business earned $2.38 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts predict that Copa Holdings, S.A. will post 6.96 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Thursday, November 29th. Copa’s dividend payout ratio (DPR) is presently 40.18%.
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Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 75 destinations in 31 countries in North, Central, and South America, as well as the Caribbean. As of April 12, 2018, it operated a fleet of 101 aircraft comprising 81 Boeing 737NG aircraft and 20 EMBRAER-190s aircraft.
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