Copa (NYSE:CPA) Stock: Insider Juan Alberto Mr Alvarado Sells 174 Shares

Key Points

• Copa CAO Juan Alberto Mr Alvarado sold 174 shares for $25,534.50, reducing his direct holdings by 41.53% to 245 shares.
• The airline missed quarterly earnings and revenue estimates, reporting EPS of $1.67 versus $1.88 expected and revenue of $1.06 billion versus $1.08 billion; revenue nevertheless rose 25.7% year over year.
• Analysts maintain an overall Buy rating, with an average price target of $172.20, though Raymond James and UBS lowered their targets to $185.

Copa Holdings, S.A. (NYSE:CPA - Get Free Report) CAO Juan Alberto Mr Alvarado sold 174 shares of the firm's stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $146.75, for a total value of $25,534.50. Following the sale, the chief accounting officer directly owned 245 shares of the company's stock, valued at $35,953.75. The trade was a 41.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Copa Trading Up 0.4%

CPA traded up $0.51 on Friday, hitting $142.31. The company had a trading volume of 48,442 shares, compared to its average volume of 375,949. The firm has a market cap of $5.85 billion, a P/E ratio of 9.39, a PEG ratio of 1.39 and a beta of 1.14. Copa Holdings, S.A. has a 1 year low of $107.44 and a 1 year high of $160.46. The company's fifty day moving average price is $132.45 and its 200 day moving average price is $133.41. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72.

Copa (NYSE:CPA - Get Free Report) last announced its earnings results on Saturday, August 8th. The transportation company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.21). Copa had a return on equity of 22.40% and a net margin of 15.71%. The company had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.08 billion. During the same period last year, the business earned $3.61 EPS. The company's quarterly revenue was up 25.7% compared to the same quarter last year. As a group, equities analysts expect that Copa Holdings, S.A. will post 14.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CPA has been the topic of a number of research reports. Raymond James Financial decreased their price target on Copa from $195.00 to $185.00 and set a "strong-buy" rating on the stock in a research note on Monday, August 24th. Weiss Ratings reiterated a "buy (b)" rating on shares of Copa in a report on Tuesday, August 11th. UBS Group cut their price objective on Copa from $195.00 to $185.00 and set a "buy" rating on the stock in a report on Tuesday, August 11th. Finally, Wall Street Zen lowered shares of Copa from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. One 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 stock. According to MarketBeat, Copa has an average rating of "Buy" and an average price target of $172.20.

Hedge Funds Weigh In On Copa

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cullen Capital Management LLC acquired a new position in Copa during the 2nd quarter worth approximately $88,871,000. INCA Investments LLC acquired a new stake in shares of Copa in the 1st quarter valued at $26,950,000. Globeflex Capital L P purchased a new stake in shares of Copa during the 2nd quarter worth $13,579,000. Quantinno Capital Management LP lifted its position in shares of Copa by 94.7% during the 1st quarter. Quantinno Capital Management LP now owns 143,618 shares of the transportation company's stock worth $16,316,000 after purchasing an additional 69,838 shares during the last quarter. Finally, Artemis Investment Management LLP grew its stake in shares of 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. Hedge funds and other institutional investors own 70.09% of the company's stock.

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, 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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