Copa Holdings, S.A. (NYSE:CPA) Shares Acquired by Macquarie Group Ltd.

Macquarie Group Ltd. lifted its position in Copa Holdings, S.A. (NYSE:CPA – Get Rating) by 7.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,922 shares of the transportation company’s stock after purchasing an additional 4,164 shares during the quarter. Macquarie Group Ltd. owned about 0.14% of Copa worth $3,814,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CPA. Marathon Asset Management Ltd purchased a new stake in shares of Copa in the third quarter valued at about $31,410,000. Goldman Sachs Group Inc. grew its holdings in shares of Copa by 559.6% in the second quarter. Goldman Sachs Group Inc. now owns 546,018 shares of the transportation company’s stock valued at $34,601,000 after purchasing an additional 463,244 shares during the period. Capital World Investors grew its holdings in shares of Copa by 9.9% in the first quarter. Capital World Investors now owns 3,298,119 shares of the transportation company’s stock valued at $275,855,000 after purchasing an additional 297,595 shares during the period. AQR Capital Management LLC boosted its stake in Copa by 77.2% during the second quarter. AQR Capital Management LLC now owns 642,803 shares of the transportation company’s stock worth $38,851,000 after buying an additional 280,078 shares during the period. Finally, Mesirow Institutional Investment Management Inc. purchased a new position in Copa during the third quarter worth about $8,563,000. Hedge funds and other institutional investors own 75.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CPA shares. Cowen raised shares of Copa from a “market perform” rating to an “outperform” rating and set a $98.00 target price for the company in a research note on Thursday, December 15th. TheStreet raised shares of Copa from a “c+” rating to a “b” rating in a research report on Wednesday, November 9th. Citigroup increased their price target on shares of Copa from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, November 21st. Raymond James increased their price target on shares of Copa from $117.00 to $125.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 21st. Finally, JPMorgan Chase & Co. raised shares of Copa from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $105.00 to $132.00 in a research report on Friday, January 13th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $112.13.

Copa Stock Performance

Shares of CPA opened at $96.85 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.86 and a debt-to-equity ratio of 0.95. The firm has a market cap of $4.06 billion, a PE ratio of 11.21 and a beta of 1.32. The company’s 50 day simple moving average is $90.77 and its 200-day simple moving average is $81.49. Copa Holdings, S.A. has a 12-month low of $55.25 and a 12-month high of $97.24.

Copa (NYSE:CPA – Get Rating) last posted its quarterly earnings data on Thursday, February 16th. The transportation company reported $4.49 earnings per share for the quarter, beating analysts’ consensus estimates of $4.09 by $0.40. Copa had a net margin of 11.74% and a return on equity of 25.25%. The firm had revenue of $890.61 million for the quarter, compared to analyst estimates of $887.42 million. During the same period last year, the firm posted $1.98 EPS. Copa’s quarterly revenue was up 54.9% on a year-over-year basis. As a group, equities analysts predict that Copa Holdings, S.A. will post 11.37 EPS for the current year.

About Copa

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Copa Holdings SA engages in the provision of air transportation. It operates through the following geographical segments: North America; South America; Central America; and Caribbean. The firm offers international flights to Costa Rica, Jamaica, Colombia, and other cities. The company was founded on May 6, 1998 and is headquartered in Panama.