Hussman Strategic Advisors Inc. Invests $1.27 Million in Copa Holdings, S.A. $CPA

Hussman Strategic Advisors Inc. acquired a new position in Copa Holdings, S.A. (NYSE:CPA) during the 4th quarter, HoldingsChannel reports. The fund acquired 10,500 shares of the transportation company’s stock, valued at approximately $1,266,000.

Other hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. grew its stake in shares of Copa by 56.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 340,554 shares of the transportation company’s stock worth $31,488,000 after purchasing an additional 122,413 shares during the period. Invesco Ltd. grew its stake in shares of Copa by 585.6% during the 2nd quarter. Invesco Ltd. now owns 94,361 shares of the transportation company’s stock worth $10,377,000 after purchasing an additional 80,598 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of Copa during the 2nd quarter worth approximately $435,000. NewEdge Advisors LLC acquired a new stake in shares of Copa during the 2nd quarter worth approximately $1,419,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Copa during the 2nd quarter worth approximately $12,875,000. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Copa Price Performance

Shares of Copa stock opened at $116.12 on Monday. The business has a 50 day simple moving average of $120.98 and a two-hundred day simple moving average of $125.69. Copa Holdings, S.A. has a 12 month low of $93.33 and a 12 month high of $156.41. The stock has a market capitalization of $4.78 billion, a P/E ratio of 7.14, a PEG ratio of 1.00 and a beta of 0.94. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.31 and a quick ratio of 1.20.

Copa (NYSE:CPA) last announced its earnings results on Wednesday, February 11th. The transportation company reported $4.46 EPS for the quarter, beating analysts’ consensus estimates of $4.44 by $0.02. Copa had a return on equity of 25.62% and a net margin of 18.57%.The business had revenue of $962.89 million during the quarter, compared to analysts’ expectations of $959.22 million. During the same quarter in the prior year, the firm earned $3.99 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. As a group, analysts predict that Copa Holdings, S.A. will post 14.21 EPS for the current fiscal year.

Copa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a dividend of $1.71 per share. The ex-dividend date of this dividend was Friday, February 27th. This is an increase 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%. Copa’s payout ratio is currently 42.04%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CPA. Wall Street Zen cut shares of Copa from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. JPMorgan Chase & Co. dropped their price objective on shares of Copa from $170.00 to $165.00 and set an “overweight” rating on the stock in a research note on Thursday, March 12th. Evercore reaffirmed an “outperform” rating and set a $185.00 price objective on shares of Copa in a research note on Friday, February 13th. Morgan Stanley reiterated an “overweight” rating and set a $190.00 price target on shares of Copa in a research report on Monday, February 9th. Finally, Citigroup lowered their price target on Copa from $155.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $165.00.

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.