Sei Investments Co. Raises Holdings in Copa Holdings, S.A. $CPA

Key Points

• Sei Investments increased its Copa Holdings stake by 5.1% in the first quarter, bringing its position to 351,310 shares valued at approximately $39.9 million. Institutional investors collectively own 70.09% of the company.
• Analyst sentiment remains positive: Copa has an average “Buy” rating and a consensus price target of $171.73, with recent targets ranging from $170 to $195.
• Copa reported quarterly earnings of $5.16 per share, exceeding estimates, while revenue rose 17% year over year to $1.05 billion. The company also paid a $1.71 quarterly dividend, representing a 5.0% annualized yield.

Sei Investments Co. grew its holdings in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 5.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 351,310 shares of the transportation company's stock after purchasing an additional 17,113 shares during the period. Sei Investments Co. owned about 0.85% of Copa worth $39,912,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Hilton Head Capital Partners LLC lifted its holdings in shares of Copa by 44.0% during the first quarter. Hilton Head Capital Partners LLC now owns 324 shares of the transportation company's stock valued at $37,000 after purchasing an additional 99 shares in the last quarter. Focus Financial Network Inc. raised its position in Copa by 4.9% in the 4th quarter. Focus Financial Network Inc. now owns 2,193 shares of the transportation company's stock worth $264,000 after buying an additional 102 shares during the last quarter. Burney Co. lifted its stake in Copa by 1.9% during the 4th quarter. Burney Co. now owns 6,032 shares of the transportation company's stock valued at $728,000 after acquiring an additional 111 shares during the period. MGO One Seven LLC lifted its stake in Copa by 3.1% during the 4th quarter. MGO One Seven LLC now owns 3,743 shares of the transportation company's stock valued at $451,000 after acquiring an additional 112 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in shares of Copa by 5.8% during the 3rd quarter. Private Advisor Group LLC now owns 2,158 shares of the transportation company's stock valued at $256,000 after acquiring an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 70.09% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CPA. JPMorgan Chase & Co. increased their price objective on shares of Copa from $165.00 to $170.00 and gave the company an "overweight" rating in a research report on Wednesday, June 3rd. Wall Street Zen raised Copa from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. Jefferies Financial Group initiated coverage on Copa in a research report on Thursday, June 18th. They set a "buy" rating and a $185.00 price objective for the company. Raymond James Financial raised their target price on Copa from $190.00 to $195.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 14th. Finally, Evercore reaffirmed an "outperform" rating and set a $175.00 price target on shares of Copa in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Copa has an average rating of "Buy" and an average target price of $171.73.

Copa Price Performance

CPA stock opened at $136.09 on Monday. Copa Holdings, S.A. has a one year low of $107.44 and a one year high of $160.46. The company's fifty day moving average price is $143.61 and its 200-day moving average price is $133.11. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.06 and a current ratio of 1.16. The company has a market capitalization of $5.60 billion, a PE ratio of 7.94, a price-to-earnings-growth ratio of 1.00 and a beta of 1.00.

Copa (NYSE:CPA - Get Free Report) last issued its earnings results on Wednesday, May 13th. The transportation company reported $5.16 earnings per share for the quarter, topping analysts' consensus estimates of $4.43 by $0.73. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Copa had a net margin of 18.76% and a return on equity of 26.01%. Copa's revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.28 earnings per share. On average, equities analysts anticipate that Copa Holdings, S.A. will post 16.6 EPS for the current fiscal year.

Copa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Friday, May 29th. Copa's payout ratio is 39.88%.

About Copa

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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