Trek Financial LLC Acquires 4,291 Shares of Copa Holdings, S.A. $CPA

Trek Financial LLC boosted its stake in Copa Holdings, S.A. (NYSE:CPA) by 6.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,176 shares of the transportation company’s stock after purchasing an additional 4,291 shares during the quarter. Trek Financial LLC owned about 0.19% of Copa worth $9,051,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CPA. Signet Financial Management LLC raised its stake in Copa by 4.3% in the 2nd quarter. Signet Financial Management LLC now owns 2,747 shares of the transportation company’s stock valued at $302,000 after acquiring an additional 112 shares during the period. Farther Finance Advisors LLC lifted its position in Copa by 271.4% during the third quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 190 shares during the last quarter. Focus Financial Network Inc. grew its position in Copa by 10.6% in the third quarter. Focus Financial Network Inc. now owns 2,091 shares of the transportation company’s stock worth $248,000 after acquiring an additional 200 shares in the last quarter. CWM LLC increased its stake in Copa by 408.2% in the third quarter. CWM LLC now owns 249 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 200 shares during the last quarter. Finally, Fifth Third Bancorp purchased a new stake in Copa during the second quarter valued at about $25,000. 70.09% of the stock is owned by institutional investors.

Copa Price Performance

Shares of Copa stock traded up $0.25 on Friday, hitting $133.77. The company’s stock had a trading volume of 137,682 shares, compared to its average volume of 300,575. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 1.51 and a beta of 0.92. Copa Holdings, S.A. has a 1 year low of $82.54 and a 1 year high of $137.31. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 1.06. The firm has a fifty day moving average price of $123.20 and a 200-day moving average price of $119.92.

Copa (NYSE:CPA) last announced its earnings results on Wednesday, November 19th. The transportation company reported $4.20 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.17. The business had revenue of $913.15 million during the quarter, compared to the consensus estimate of $917.51 million. Copa had a return on equity of 26.39% and a net margin of 18.83%.The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.50 EPS. As a group, sell-side analysts anticipate that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Monday, December 1st. Copa’s dividend payout ratio is currently 40.05%.

Wall Street Analyst Weigh In

Several analysts have issued reports on CPA shares. JPMorgan Chase & Co. cut their target price on Copa from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Monday, December 8th. Itau BBA Securities started coverage on Copa in a research report on Sunday, November 30th. They issued a “market perform” rating for the company. Wall Street Zen cut shares of Copa from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Copa in a research report on Wednesday. Finally, Raymond James Financial set a $164.00 price objective on shares of Copa and gave the company a “strong-buy” rating in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $156.00.

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.