Sei Investments Co. Acquires 17,113 Shares of Copa Holdings, S.A. $CPA

Sei Investments Co. boosted its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 5.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 351,310 shares of the transportation company’s stock after purchasing an additional 17,113 shares during the quarter. Sei Investments Co.’s holdings in Copa were worth $39,912,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Capital World Investors grew its stake in shares of Copa by 0.7% in the 4th quarter. Capital World Investors now owns 4,603,671 shares of the transportation company’s stock worth $555,249,000 after buying an additional 30,101 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Copa by 2.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,647,779 shares of the transportation company’s stock worth $198,739,000 after acquiring an additional 44,834 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Copa by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,396,963 shares of the transportation company’s stock worth $158,691,000 after purchasing an additional 52,243 shares during the period. Captrust Financial Advisors raised its position in Copa by 1.9% in the 4th quarter. Captrust Financial Advisors now owns 654,830 shares of the transportation company’s stock worth $78,979,000 after purchasing an additional 12,053 shares during the period. Finally, Brandes Investment Partners LP lifted its stake in shares of Copa by 3.5% during the 4th quarter. Brandes Investment Partners LP now owns 654,255 shares of the transportation company’s stock worth $78,910,000 after acquiring an additional 22,126 shares during the last quarter. Institutional investors own 70.09% of the company’s stock.

Copa Price Performance

Shares of CPA stock opened at $136.09 on Monday. Copa Holdings, S.A. has a twelve month low of $107.44 and a twelve month high of $160.46. The company has a current ratio of 1.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66. The stock has a fifty day simple moving average of $143.61 and a two-hundred day simple moving average of $133.11. The stock has a market capitalization of $5.60 billion, a price-to-earnings ratio of 7.94, a P/E/G ratio of 1.00 and a beta of 1.00.

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

Copa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a dividend of $1.71 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $6.84 dividend on an annualized basis and a yield of 5.0%. Copa’s dividend payout ratio (DPR) is 39.88%.

Analyst Ratings Changes

Several equities analysts have commented on CPA shares. Wall Street Zen raised Copa from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Raymond James Financial raised their price target on shares of Copa from $190.00 to $195.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 14th. Jefferies Financial Group started coverage on shares of Copa in a report on Thursday, June 18th. They set a “buy” rating and a $185.00 price objective for the company. UBS Group boosted their price objective on shares of Copa from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Finally, Evercore restated an “outperform” rating and issued a $175.00 target price on shares of Copa in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $171.73.

Copa Profile

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.