Copa Holdings, S.A. $CPA Stock Bought by Trek Financial LLC

Key Points

• Trek Financial increased its Copa Holdings stake by 42.3% in the third quarter, acquiring 38,972 additional shares for a total of 131,163 shares valued at approximately $17.3 million.
• Institutional ownership remains substantial, with hedge funds and other institutional investors holding 70.09% of Copa’s stock. Several firms, including Artemis Investment Management and Quantinno Capital Management, also raised their positions.
• Copa reported quarterly EPS of $1.67, below the $1.88 consensus estimate, while revenue rose 25.7% year over year. The company pays a $1.71 quarterly dividend, yielding about 5.3%, and analysts maintain a consensus “Buy” rating with an average price target of $172.20.

Trek Financial LLC boosted its position in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 42.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 131,163 shares of the transportation company's stock after purchasing an additional 38,972 shares during the quarter. Copa makes up 0.8% of Trek Financial LLC's portfolio, making the stock its 25th biggest position. Trek Financial LLC owned approximately 0.32% of Copa worth $17,294,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cullen Capital Management LLC purchased a new position in Copa during the 2nd quarter valued at about $88,871,000. INCA Investments LLC purchased a new stake in Copa in the first quarter worth about $26,950,000. Globeflex Capital L P bought a new position in shares of Copa during the second quarter valued at approximately $13,579,000. Quantinno Capital Management LP increased its stake in shares of Copa by 94.7% during the first quarter. Quantinno Capital Management LP now owns 143,618 shares of the transportation company's stock valued at $16,316,000 after purchasing an additional 69,838 shares in the last quarter. Finally, Artemis Investment Management LLP boosted its position in shares of Copa by 64.9% in the 3rd quarter. Artemis Investment Management LLP now owns 159,559 shares of the transportation company's stock worth $21,038,000 after purchasing an additional 62,789 shares in the last quarter. Hedge funds and other institutional investors own 70.09% of the company's stock.

Copa Price Performance

Shares of NYSE CPA opened at $129.24 on Monday. Copa Holdings, S.A. has a twelve month low of $107.44 and a twelve month high of $160.46. The firm has a market cap of $5.32 billion, a P/E ratio of 8.50, a PEG ratio of 1.23 and a beta of 1.14. The company has a 50 day moving average of $131.74 and a 200 day moving average of $133.17. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 0.72.

Copa (NYSE:CPA - Get Free Report) last issued its earnings results on Saturday, August 8th. The transportation company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.21). The business had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.08 billion. Copa had a net margin of 15.71% and a return on equity of 22.40%. The business's revenue for the quarter was up 25.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.61 earnings per share. As a group, research analysts expect that Copa Holdings, S.A. will post 14.78 EPS for the current fiscal year.

Copa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were issued a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 5.3%. The ex-dividend date was Monday, August 31st. Copa's dividend payout ratio (DPR) is presently 44.97%.

Analysts Set New Price Targets

Several analysts recently weighed in on CPA shares. Weiss Ratings restated a "buy (b)" rating on shares of Copa in a research note on Tuesday, August 11th. UBS Group lowered their price objective on Copa from $195.00 to $185.00 and set a "buy" rating for the company in a research note on Tuesday, August 11th. Raymond James Financial dropped their target price on Copa from $195.00 to $185.00 and set a "strong-buy" rating on the stock in a report on Monday, August 24th. Finally, Wall Street Zen cut Copa from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $172.20.

Copa Profile

Copa Holdings, SA is a Panama-based airline holding company whose principal subsidiary is Compañía Panameña de Aviación, SA, known as Copa Airlines. The company provides scheduled passenger air transportation, with Tocumen International Airport in Panama City serving as its primary hub.

Copa Airlines operates a network connecting Panama with destinations across North, Central and South America and the Caribbean. Its services support both business and leisure travel, with connecting traffic routed through Panama's geographic position as a regional aviation hub.

Copa Holdings also has an interest in Wingo, a low-cost airline serving Colombia and other markets in the Americas.

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