Hussman Strategic Advisors Inc. Buys Shares of 10,500 Copa Holdings, S.A. $CPA

Key Points

• Hussman Strategic Advisors bought a new stake of 10,500 shares of Copa Holdings (NYSE:CPA) in Q4, valued at about $1.27 million, joining other institutions that collectively own roughly 70% of the stock.
• Copa raised its quarterly dividend to $1.71 (annualized $6.84), implying a ~5.9% dividend yield and a payout ratio of about 42%.
• Copa slightly beat quarterly estimates (EPS $4.46 vs $4.44; revenue $962.9M vs $959.2M), shows strong profitability (ROE 25.6%, net margin 18.6%), trades at a low P/E of 7.14, and carries a MarketBeat consensus rating of 'Buy' with an average target of $165.

Hussman Strategic Advisors Inc. bought a new stake in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,500 shares of the transportation company's stock, valued at approximately $1,266,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Cullen Capital Management LLC raised its position in shares of Copa by 13.7% in the 3rd quarter. Cullen Capital Management LLC now owns 209,401 shares of the transportation company's stock worth $24,881,000 after acquiring an additional 25,173 shares in the last quarter. Carrera Capital Advisors bought a new position in shares of Copa in the 3rd quarter worth $4,363,000. GSA Capital Partners LLP raised its position in shares of Copa by 657.8% in the 3rd quarter. GSA Capital Partners LLP now owns 19,786 shares of the transportation company's stock worth $2,351,000 after acquiring an additional 17,175 shares in the last quarter. Capital World Investors raised its position in shares of Copa by 0.9% in the 3rd quarter. Capital World Investors now owns 4,573,570 shares of the transportation company's stock worth $543,432,000 after acquiring an additional 40,285 shares in the last quarter. Finally, Aptus Capital Advisors LLC raised its position in shares of Copa by 14.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 65,537 shares of the transportation company's stock worth $7,787,000 after acquiring an additional 8,510 shares in the last quarter. 70.09% of the stock is owned by institutional investors.

Copa Stock Down 0.1%

Shares of CPA stock opened at $116.12 on Monday. The stock's 50-day simple moving average is $120.98 and its 200-day simple moving average is $125.69. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.20 and a current ratio of 1.31. The firm has a market capitalization of $4.78 billion, a PE ratio of 7.14, a P/E/G ratio of 1.00 and a beta of 0.94. Copa Holdings, S.A. has a fifty-two week low of $93.33 and a fifty-two week high of $156.41.

Copa (NYSE:CPA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The transportation company reported $4.46 earnings per share for the quarter, beating analysts' consensus estimates of $4.44 by $0.02. The business had revenue of $962.89 million for the quarter, compared to analyst estimates of $959.22 million. Copa had a return on equity of 25.62% and a net margin of 18.57%.The company's revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company earned $3.99 earnings per share. Equities analysts expect that Copa Holdings, S.A. will post 14.21 earnings per share for the current year.

Copa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a $1.71 dividend. This is a boost from Copa's previous quarterly dividend of $1.61. This represents a $6.84 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend was Friday, February 27th. Copa's dividend payout ratio is currently 42.04%.

Analyst Ratings Changes

CPA has been the subject of several recent research reports. Weiss Ratings reissued a "buy (b)" rating on shares of Copa in a research report on Wednesday, January 21st. Bank of America reduced their price target on Copa from $212.00 to $171.00 and set a "buy" rating for the company in a research report on Wednesday, March 18th. Morgan Stanley reissued an "overweight" rating and issued a $190.00 price target on shares of Copa in a research report on Monday, February 9th. Citigroup reduced their price target on Copa from $155.00 to $140.00 and set a "buy" rating for the company in a research report on Tuesday, March 17th. Finally, Wall Street Zen lowered Copa from a "buy" rating to a "hold" rating in a research report on Saturday, March 14th. One equities research 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 data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $165.00.

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.

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