Copa Holdings, S.A. (NYSE:CPA) Shares Bought by UBS Group AG

UBS Group AG grew its stake in shares of Copa Holdings, S.A. (NYSE:CPA – Get Rating) by 215.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,010 shares of the transportation company’s stock after acquiring an additional 68,988 shares during the period. UBS Group AG owned about 0.24% of Copa worth $8,401,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its holdings in Copa by 40.7% during the 4th quarter. Russell Investments Group Ltd. now owns 82,247 shares of the transportation company’s stock worth $6,840,000 after acquiring an additional 23,776 shares in the last quarter. Highland Capital Management LLC grew its holdings in Copa by 12.3% during the 4th quarter. Highland Capital Management LLC now owns 6,600 shares of the transportation company’s stock worth $549,000 after acquiring an additional 725 shares in the last quarter. State Board of Administration of Florida Retirement System grew its holdings in Copa by 1.4% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 32,171 shares of the transportation company’s stock worth $2,676,000 after acquiring an additional 450 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in Copa during the 4th quarter worth $910,000. Finally, Cable Hill Partners LLC acquired a new position in Copa during the 4th quarter worth $256,000. 75.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CPA has been the topic of a number of recent research reports. HSBC raised their price target on shares of Copa from $117.00 to $143.00 in a research report on Wednesday, May 17th. Barclays raised their price target on shares of Copa from $120.00 to $150.00 in a research report on Friday, May 12th. Cowen raised their price target on shares of Copa from $98.00 to $117.00 in a research report on Friday, February 17th. Raymond James raised their price target on shares of Copa from $125.00 to $138.00 in a research report on Tuesday, May 16th. Finally, StockNews.com started coverage on shares of Copa in a research report on Thursday, May 18th. They issued a “buy” rating on the stock. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $123.67.

Copa Trading Up 0.4 %

Shares of NYSE:CPA opened at $104.15 on Wednesday. Copa Holdings, S.A. has a fifty-two week low of $55.25 and a fifty-two week high of $107.96. The company has a market cap of $4.11 billion, a PE ratio of 9.27 and a beta of 1.31. The company’s 50-day moving average price is $92.33 and its 200 day moving average price is $89.07. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.83.

Copa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.15%. Copa’s dividend payout ratio (DPR) is 29.18%.

Copa Company Profile

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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.