Copa Holdings, S.A. $CPA Stock: Vontobel Holding Ltd. Trims Stake

Key Points

• Vontobel Holding reduced its Copa Holdings stake by 10.4% in the third quarter, selling 52,352 shares and retaining 452,117 shares worth approximately $59.6 million. Institutional investors collectively own 70.09% of the airline.
• Copa shares recently traded at $132.68, with a market capitalization of $5.46 billion. The company reported quarterly EPS of $1.67, below the $1.88 analyst consensus, while revenue rose 25.7% year over year to $1.06 billion.
• Copa’s quarterly dividend is $1.71 per share, representing a 5.2% annualized yield. Analysts maintain a consensus “Buy” rating with an average price target of $172.20, despite some recent target reductions.

Vontobel Holding Ltd. cut its holdings in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 10.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 452,117 shares of the transportation company's stock after selling 52,352 shares during the quarter. Vontobel Holding Ltd. owned approximately 1.10% of Copa worth $59,612,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Elevation Wealth Partners LLC boosted its holdings in shares of Copa by 240.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 167 shares of the transportation company's stock worth $26,000 after buying an additional 118 shares during the last quarter. SJS Investment Consulting Inc. increased its holdings in Copa by 284.2% during the first quarter. SJS Investment Consulting Inc. now owns 292 shares of the transportation company's stock worth $33,000 after buying an additional 216 shares during the last quarter. Hilton Head Capital Partners LLC increased its holdings in Copa by 44.0% during the first quarter. Hilton Head Capital Partners LLC now owns 324 shares of the transportation company's stock worth $37,000 after buying an additional 99 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in Copa by 196.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 450 shares of the transportation company's stock worth $54,000 after acquiring an additional 298 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new stake in Copa in the second quarter worth about $76,000. 70.09% of the stock is owned by hedge funds and other institutional investors.

Copa Stock Performance

Shares of NYSE CPA traded down $1.23 during trading on Friday, reaching $132.68. 180,815 shares of the stock traded hands, compared to its average volume of 348,467. Copa Holdings, S.A. has a 52-week low of $107.44 and a 52-week high of $160.46. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.97. The company has a 50-day moving average of $131.95 and a 200-day moving average of $133.67. The stock has a market capitalization of $5.46 billion, a P/E ratio of 8.72, a price-to-earnings-growth ratio of 1.28 and a beta of 1.05.

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

Copa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were paid a $1.71 dividend. The ex-dividend date was Monday, August 31st. This represents a $6.84 annualized dividend and a dividend yield of 5.2%. Copa's dividend payout ratio (DPR) is presently 44.97%.

Wall Street Analysts Forecast Growth

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

Copa Company Profile

Copa Holdings, SA is a Panama-based airline holding company whose principal subsidiary is Copa Airlines, a commercial carrier serving destinations throughout the Americas. The company provides scheduled passenger and cargo air transportation, connecting Panama and other Latin American markets with destinations in North, Central and South America and the Caribbean.

Copa Airlines operates its primary hub at Tocumen International Airport in Panama City. The hub supports the airline's “Hub of the Americas” network, allowing passengers to connect between cities across the region.

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