Baillie Gifford & Co. Has $328.57 Million Stock Holdings in Copa Holdings, S.A. $CPA

Baillie Gifford & Co. reduced its stake in Copa Holdings, S.A. (NYSE:CPA) by 4.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,765,296 shares of the transportation company’s stock after selling 137,799 shares during the period. Baillie Gifford & Co. owned 6.72% of Copa worth $328,572,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Fifth Third Bancorp acquired a new stake in shares of Copa in the 2nd quarter valued at about $25,000. CWM LLC boosted its holdings in Copa by 408.2% in the third quarter. CWM LLC now owns 249 shares of the transportation company’s stock worth $30,000 after acquiring an additional 200 shares in the last quarter. Farther Finance Advisors LLC grew its stake in 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 acquiring an additional 190 shares during the period. Marquette Asset Management LLC acquired a new stake in Copa in the third quarter valued at approximately $36,000. Finally, Richardson Financial Services Inc. increased its holdings in shares of Copa by 121.2% during the third quarter. Richardson Financial Services Inc. now owns 480 shares of the transportation company’s stock valued at $57,000 after acquiring an additional 263 shares in the last quarter. Institutional investors own 70.09% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CPA shares. Itau BBA Securities assumed coverage on Copa in a report on Sunday, November 30th. They issued a “market perform” rating on the stock. Wall Street Zen downgraded shares of Copa from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 4th. JPMorgan Chase & Co. dropped their price objective 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. Evercore ISI boosted their target price on shares of Copa from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Finally, Raymond James Financial set a $164.00 target price on shares of Copa and gave the stock a “strong-buy” rating in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $156.00.

Copa Stock Performance

Shares of CPA stock opened at $133.77 on Friday. Copa Holdings, S.A. has a one year low of $82.54 and a one year high of $137.31. The company has a market cap of $5.51 billion, a P/E ratio of 8.32, a P/E/G ratio of 1.51 and a beta of 0.92. The firm has a 50-day moving average of $123.20 and a 200-day moving average of $119.92. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.06 and a quick ratio of 0.95.

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

Copa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Monday, December 1st. Copa’s dividend payout ratio (DPR) is 40.05%.

Copa Company 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.