Copa (NYSE:CPA) CAO Sells $25,534.50 in Stock

Copa Holdings, S.A. (NYSE:CPA) CAO Juan Alberto Mr Alvarado sold 174 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $146.75, for a total value of $25,534.50. Following the completion of the transaction, the chief accounting officer owned 245 shares in the company, valued at approximately $35,953.75. The trade was a 41.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Copa Stock Up 0.4%

Shares of NYSE CPA traded up $0.51 during midday trading on Friday, hitting $142.31. 48,442 shares of the company’s stock were exchanged, compared to its average volume of 375,949. The firm’s fifty day simple moving average is $132.45 and its 200-day simple moving average is $133.41. The company has a market cap of $5.85 billion, a PE ratio of 9.39, a P/E/G ratio of 1.39 and a beta of 1.14. Copa Holdings, S.A. has a twelve month low of $107.44 and a twelve 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) last announced 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). The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.08 billion. Copa had a net margin of 15.71% and a return on equity of 22.40%. The business’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period last year, the company earned $3.61 earnings per share. Research analysts predict that Copa Holdings, S.A. will post 14.78 EPS for the current fiscal year.

Institutional Investors Weigh In On Copa

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Copa by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,396,963 shares of the transportation company’s stock valued at $158,691,000 after acquiring an additional 52,243 shares during the period. Cullen Capital Management LLC acquired a new position in shares of Copa in the 2nd quarter valued at $88,871,000. Sei Investments Co. raised its position in Copa by 5.1% in the 1st quarter. Sei Investments Co. now owns 351,310 shares of the transportation company’s stock valued at $39,912,000 after purchasing an additional 17,113 shares during the last quarter. INCA Investments LLC purchased a new stake in Copa in the 1st quarter valued at $26,950,000. Finally, Artemis Investment Management LLP raised its position in Copa by 64.9% in the 3rd quarter. Artemis Investment Management LLP now owns 159,559 shares of the transportation company’s stock valued at $21,038,000 after purchasing an additional 62,789 shares during the last quarter. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CPA. Weiss Ratings restated a “buy (b)” rating on shares of Copa in a report on Tuesday, August 11th. Wall Street Zen downgraded shares of Copa from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Raymond James Financial cut their price target on shares of Copa from $195.00 to $185.00 and set a “strong-buy” rating on the stock in a research note on Monday, August 24th. Finally, UBS Group reduced their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Copa currently has a consensus rating of “Buy” and an average target price of $172.20.

Copa Company Profile

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.