WINTON GROUP Ltd Makes New Investment in Copa Holdings, S.A. $CPA

Key Points

• WINTON GROUP Ltd acquired 9,700 Copa Holdings shares during the second quarter, valued at approximately $1.51 million. Institutional investors and hedge funds collectively own 70.09% of the company.
• Analysts maintain a generally positive view, with Copa receiving an average “Buy” rating and a consensus price target of $172.20, despite one recent downgrade to “Hold.”
• Copa reported quarterly EPS of $1.67, below the $1.88 estimate, while revenue rose 25.7% year over year to $1.06 billion. The company also declared a quarterly dividend of $1.71, representing a 5.3% annualized yield.

WINTON GROUP Ltd bought a new position in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 9,700 shares of the transportation company's stock, valued at approximately $1,509,000.

Other institutional investors have also recently modified their holdings of the company. Elevation Wealth Partners LLC increased its stake 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 valued at $26,000 after purchasing an additional 118 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new position in Copa during the fourth quarter worth approximately $27,000. Empowered Funds LLC acquired a new stake in Copa in the fourth quarter valued at approximately $29,000. US Bancorp DE grew its holdings in Copa by 90.2% in the third quarter. US Bancorp DE now owns 253 shares of the transportation company's stock valued at $30,000 after purchasing an additional 120 shares during the period. Finally, SJS Investment Consulting Inc. increased its position in shares of Copa by 284.2% in the first quarter. SJS Investment Consulting Inc. now owns 292 shares of the transportation company's stock valued at $33,000 after buying an additional 216 shares in the last quarter. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wall Street Zen downgraded Copa from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. JPMorgan Chase & Co. boosted their price target on shares of Copa from $165.00 to $170.00 and gave the stock an "overweight" rating in a report on Wednesday, June 3rd. UBS Group reduced their price objective on shares of Copa from $195.00 to $185.00 and set a "buy" rating for the company in a research report on Tuesday, August 11th. Jefferies Financial Group began coverage on shares of Copa in a report on Thursday, June 18th. They set a "buy" rating and a $185.00 price objective on the stock. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Copa in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Copa has an average rating of "Buy" and a consensus target price of $172.20.

Copa Price Performance

Shares of Copa stock opened at $129.10 on Friday. The stock has a market capitalization of $5.31 billion, a P/E ratio of 8.49, a PEG ratio of 1.20 and a beta of 0.99. The business has a 50 day simple moving average of $137.42 and a two-hundred day simple moving average of $132.09. Copa Holdings, S.A. has a 12 month low of $107.44 and a 12 month 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.

Copa (NYSE:CPA - Get Free Report) last issued its quarterly earnings results 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). Copa had a return on equity of 22.40% and a net margin of 15.71%.The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the firm earned $3.61 earnings per share. The business's revenue was up 25.7% on a year-over-year basis. As a group, analysts predict that Copa Holdings, S.A. will post 15.22 EPS for the current fiscal year.

Copa Announces Dividend

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

About Copa

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, connecting Panama and other destinations across North, Central and South America and the Caribbean. Copa also offers related cargo transportation services.

Copa Airlines operates its primary hub at Tocumen International Airport in Panama City, which serves as a connecting point for travel throughout the Americas.

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