Carrera Capital Advisors Buys Shares of 36,720 Copa Holdings, S.A. $CPA

Carrera Capital Advisors purchased a new position in shares of Copa Holdings, S.A. (NYSE:CPA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 36,720 shares of the transportation company’s stock, valued at approximately $4,363,000. Copa makes up approximately 0.8% of Carrera Capital Advisors’ portfolio, making the stock its 26th biggest position. Carrera Capital Advisors owned 0.09% of Copa at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. raised its holdings in Copa by 56.1% during the first quarter. Goldman Sachs Group Inc. now owns 340,554 shares of the transportation company’s stock worth $31,488,000 after purchasing an additional 122,413 shares during the last quarter. Fifth Third Bancorp acquired a new stake in Copa in the second quarter valued at $25,000. Janney Montgomery Scott LLC purchased a new position in shares of Copa in the second quarter valued at $248,000. Knights of Columbus Asset Advisors LLC acquired a new position in shares of Copa during the 2nd quarter worth $6,269,000. Finally, Vontobel Holding Ltd. raised its stake in shares of Copa by 16.6% during the 2nd quarter. Vontobel Holding Ltd. now owns 552,249 shares of the transportation company’s stock worth $60,731,000 after buying an additional 78,687 shares during the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Trading Up 2.8%

NYSE CPA opened at $136.49 on Friday. The company has a market cap of $5.62 billion, a P/E ratio of 8.49, a P/E/G ratio of 1.50 and a beta of 0.92. Copa Holdings, S.A. has a 12 month low of $82.54 and a 12 month high of $138.00. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.06 and a quick ratio of 0.95. The company has a 50-day moving average of $124.75 and a 200-day moving average of $120.88.

Copa (NYSE:CPA) last released its earnings results on Wednesday, November 19th. The transportation company reported $4.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.17. The firm had revenue of $913.15 million during the quarter, compared to the consensus estimate of $917.51 million. Copa had a net margin of 18.83% and a return on equity of 26.39%. Copa’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.50 earnings per share. As a group, equities analysts predict that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Monday, December 1st. Copa’s dividend payout ratio is 40.05%.

Analyst Upgrades and Downgrades

CPA has been the topic of a number of research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Copa in a research note on Wednesday, January 21st. Wall Street Zen lowered shares of Copa from a “buy” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. cut their price objective on Copa from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, December 8th. Raymond James Financial set a $164.00 target price on Copa and gave the company a “strong-buy” rating in a research note on Monday, November 3rd. Finally, Itau BBA Securities started coverage on Copa in a research report on Sunday, November 30th. They set a “market perform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $156.00.

About Copa

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.