Copa Holdings, S.A. $CPA is Cape Ann Asset Management Ltd’s 9th Largest Position

Cape Ann Asset Management Ltd trimmed its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 30.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 153,248 shares of the transportation company’s stock after selling 66,552 shares during the quarter. Copa accounts for about 4.0% of Cape Ann Asset Management Ltd’s holdings, making the stock its 9th largest position. Cape Ann Asset Management Ltd’s holdings in Copa were worth $17,411,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Hussman Strategic Advisors Inc. bought a new stake in shares of Copa during the 4th quarter worth $1,266,000. Sagil Capital LLP purchased a new stake in shares of Copa during the 4th quarter worth approximately $6,495,000. Ruffer LLP increased its position in Copa by 32.9% in the fourth quarter. Ruffer LLP now owns 48,819 shares of the transportation company’s stock worth $5,897,000 after buying an additional 12,090 shares during the last quarter. Carrhae Capital LLP bought a new position in Copa during the fourth quarter worth about $15,042,000. Finally, Artemis Investment Management LLP grew its stake in Copa by 14.8% in the 4th quarter. Artemis Investment Management LLP now owns 451,756 shares of the transportation company’s stock valued at $54,486,000 after buying an additional 58,133 shares in the last quarter. 70.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CPA. The Goldman Sachs Group increased their target price on shares of Copa from $138.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Wall Street Zen raised Copa from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Evercore reaffirmed an “outperform” rating and set a $175.00 target price on shares of Copa in a report on Friday, May 15th. UBS Group raised their target price on shares of Copa from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. raised their price target on shares of Copa from $165.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $171.73.

Copa Price Performance

CPA stock opened at $136.09 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.16 and a quick ratio of 1.06. Copa Holdings, S.A. has a 1 year low of $107.44 and a 1 year high of $160.46. The firm has a 50-day moving average of $143.61 and a 200 day moving average of $133.09. The company has a market cap of $5.60 billion, a P/E ratio of 7.94, a PEG ratio of 0.99 and a beta of 1.00.

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

Copa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Friday, May 29th. Copa’s dividend payout ratio is presently 39.88%.

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.