Schafer Cullen Capital Management Inc acquired a new stake in Copa Holdings, S.A. (NYSE:CPA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,020 shares of the transportation company’s stock, valued at approximately $474,000.
A number of other hedge funds have also recently made changes to their positions in the business. Nisa Investment Advisors LLC raised its holdings in shares of Copa by 86.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the transportation company’s stock worth $161,000 after acquiring an additional 950 shares during the period. Paragon Capital Management Ltd purchased a new position in shares of Copa during the 4th quarter worth $276,000. Oppenheimer Asset Management Inc. raised its holdings in shares of Copa by 15.4% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 3,597 shares of the transportation company’s stock worth $284,000 after acquiring an additional 481 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in shares of Copa by 69.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 5,100 shares of the transportation company’s stock worth $407,000 after acquiring an additional 2,097 shares during the period. Finally, Bank of Montreal Can raised its holdings in shares of Copa by 5.7% during the 4th quarter. Bank of Montreal Can now owns 6,314 shares of the transportation company’s stock worth $496,000 after acquiring an additional 339 shares during the period. Institutional investors own 63.78% of the company’s stock.
CPA has been the topic of several analyst reports. Bradesco Corretora upgraded Copa from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $90.00 to $125.00 in a report on Wednesday, January 23rd. JPMorgan Chase & Co. lowered Copa to a “buy” rating and set a $100.00 price target on the stock. in a report on Friday, November 23rd. Citigroup reiterated a “neutral” rating and set a $85.00 price target on shares of Copa in a report on Tuesday, December 18th. UBS Group upgraded Copa from a “neutral” rating to a “buy” rating in a report on Thursday, January 17th. Finally, Bank of America downgraded Copa from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 30th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $98.08.
Copa (NYSE:CPA) last issued its quarterly earnings data on Wednesday, February 13th. The transportation company reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.02). The business had revenue of $656.06 million for the quarter, compared to analyst estimates of $660.29 million. Copa had a return on equity of 13.56% and a net margin of 3.29%. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.36 earnings per share. As a group, equities research analysts predict that Copa Holdings, S.A. will post 7.13 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 28th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 3.12%. The ex-dividend date was Wednesday, February 27th. Copa’s dividend payout ratio is currently 39.88%.
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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