Captrust Financial Advisors Buys 22,177 Shares of Copa Holdings, S.A. $CPA

Captrust Financial Advisors boosted its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 3.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 642,777 shares of the transportation company’s stock after purchasing an additional 22,177 shares during the quarter. Captrust Financial Advisors owned 1.56% of Copa worth $76,375,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. CWM LLC increased its holdings in shares of Copa by 408.2% during the 3rd quarter. CWM LLC now owns 249 shares of the transportation company’s stock worth $30,000 after purchasing an additional 200 shares during the period. US Bancorp DE raised its position in shares of Copa by 90.2% during the third quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock valued at $30,000 after buying an additional 120 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Copa by 271.4% in the third quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock valued at $31,000 after buying an additional 190 shares during the period. Marquette Asset Management LLC bought a new stake in shares of Copa in the third quarter valued at about $36,000. Finally, Triumph Capital Management acquired a new stake in Copa during the third quarter worth about $36,000. 70.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CPA. Morgan Stanley restated an “overweight” rating and set a $190.00 price target on shares of Copa in a research note on Monday, February 9th. Evercore reissued an “outperform” rating and set a $185.00 price objective on shares of Copa in a report on Friday, February 13th. Itau BBA Securities assumed coverage on Copa in a research report on Sunday, November 30th. They set a “market perform” rating on the stock. Barclays upped their target price on Copa from $150.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Finally, Bank of America reduced their target price on Copa from $212.00 to $171.00 and set a “buy” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $166.44.

Copa Trading Down 5.2%

Shares of Copa stock opened at $110.15 on Thursday. Copa Holdings, S.A. has a 12-month low of $82.54 and a 12-month high of $156.41. The stock has a market capitalization of $4.53 billion, a P/E ratio of 6.77, a price-to-earnings-growth ratio of 0.79 and a beta of 0.89. The company has a 50-day simple moving average of $135.35 and a 200 day simple moving average of $126.27. The company has a quick ratio of 1.20, a current ratio of 1.31 and a debt-to-equity ratio of 0.65.

Copa (NYSE:CPA) last released its quarterly earnings results on Wednesday, February 11th. The transportation company reported $4.18 EPS for the quarter, missing analysts’ consensus estimates of $4.44 by ($0.26). The firm had revenue of $962.89 million during the quarter, compared to analyst estimates of $959.22 million. Copa had a net margin of 18.57% and a return on equity of 25.62%. Copa’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.99 earnings per share. Research analysts expect that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend was Friday, February 27th. This is an increase from Copa’s previous quarterly dividend of $1.61. Copa’s dividend payout ratio (DPR) is presently 42.04%.

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.