Truxt Investmentos Ltda. Purchases Shares of 13,576 Copa Holdings, S.A. $CPA

Truxt Investmentos Ltda. acquired a new position in shares of Copa Holdings, S.A. (NYSE:CPA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,576 shares of the transportation company’s stock, valued at approximately $1,613,000. Copa comprises 2.4% of Truxt Investmentos Ltda.’s investment portfolio, making the stock its 9th largest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of CPA. Legend Financial Advisors Inc. grew its holdings in Copa by 2.3% during the third quarter. Legend Financial Advisors Inc. now owns 7,920 shares of the transportation company’s stock worth $941,000 after purchasing an additional 179 shares during the period. TD Waterhouse Canada Inc. lifted its position in shares of Copa by 2.1% in the third quarter. TD Waterhouse Canada Inc. now owns 8,915 shares of the transportation company’s stock valued at $1,048,000 after buying an additional 182 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Copa by 100.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 364 shares of the transportation company’s stock worth $43,000 after acquiring an additional 182 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Copa by 271.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock worth $31,000 after acquiring an additional 190 shares during the last quarter. Finally, Focus Financial Network Inc. increased its holdings in shares of Copa by 10.6% during the 3rd quarter. Focus Financial Network Inc. now owns 2,091 shares of the transportation company’s stock worth $248,000 after acquiring an additional 200 shares during the last quarter. 70.09% of the stock is owned by institutional investors.

Copa Trading Up 3.4%

Shares of CPA stock opened at $141.05 on Tuesday. The stock’s fifty day moving average price is $125.21 and its two-hundred day moving average price is $121.19. The company has a market cap of $5.81 billion, a PE ratio of 8.77, a P/E/G ratio of 1.54 and a beta of 0.92. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 1.06. Copa Holdings, S.A. has a fifty-two week low of $82.54 and a fifty-two week high of $141.69.

Copa (NYSE:CPA) last released its quarterly earnings data on Wednesday, November 19th. The transportation company reported $4.20 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.17. The company had revenue of $913.15 million for the quarter, compared to the consensus estimate of $917.51 million. Copa had a return on equity of 26.39% and a net margin of 18.83%.Copa’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $3.50 EPS. Equities analysts predict that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a dividend of $1.61 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $6.44 annualized dividend and a yield of 4.6%. Copa’s dividend payout ratio is currently 40.05%.

Analyst Ratings Changes

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

Copa Profile

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.