Diversify Advisory Services LLC Purchases 10,365 Shares of Copa Holdings, S.A. $CPA

Key Points

• Diversify Advisory Services increased its Copa Holdings stake by 118.9% in the third quarter, purchasing 10,365 additional shares for a total position of 19,081 shares valued at approximately $2.56 million.
• Institutional investors own 70.09% of Copa’s outstanding stock, with several major funds—including Dimensional Fund Advisors and Artemis Investment Management—also increasing their positions.
• Analysts maintain a generally positive outlook, with Copa receiving a consensus “Buy” rating and a $172.20 price target. The company recently reported $1.67 in quarterly EPS, below estimates, while paying a quarterly dividend of $1.71, representing a 5.1% annualized yield.

Diversify Advisory Services LLC grew its holdings in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 118.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,081 shares of the transportation company's stock after purchasing an additional 10,365 shares during the period. Diversify Advisory Services LLC's holdings in Copa were worth $2,555,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in Copa by 3.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,396,963 shares of the transportation company's stock worth $158,691,000 after acquiring an additional 52,243 shares during the last quarter. Cullen Capital Management LLC acquired a new position in Copa in the second quarter valued at approximately $88,871,000. Sei Investments Co. lifted its stake in shares of Copa by 5.1% in the 1st quarter. Sei Investments Co. now owns 351,310 shares of the transportation company's stock valued at $39,912,000 after purchasing an additional 17,113 shares during the period. INCA Investments LLC acquired a new position in shares of Copa in the first quarter worth about $26,950,000. Finally, Artemis Investment Management LLP boosted its position in Copa by 64.9% during the third 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. 70.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Copa Stock Performance

Shares of CPA opened at $134.47 on Friday. Copa Holdings, S.A. has a 1 year low of $107.44 and a 1 year high of $160.46. The stock has a 50-day simple moving average of $131.83 and a 200-day simple moving average of $134.39. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 1.06. The stock has a market capitalization of $5.53 billion, a PE ratio of 8.84, a PEG ratio of 1.30 and a beta of 1.05.

Copa (NYSE:CPA - Get Free Report) last posted its quarterly 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 firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.08 billion. Copa had a return on equity of 22.40% and a net margin of 15.71%. The company's revenue was up 25.7% on a year-over-year basis. During the same quarter last year, the firm earned $3.61 EPS. On average, analysts predict that Copa Holdings, S.A. will post 14.78 earnings per share for the current fiscal year.

Copa Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Monday, August 31st. Copa's dividend payout ratio is 44.97%.

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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