Copa Holdings, S.A. $CPA Shares Sold by UBS Group AG

UBS Group AG lowered its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 13.4% in the fourth quarter, Holdings Channel reports. The firm owned 67,684 shares of the transportation company’s stock after selling 10,441 shares during the quarter. UBS Group AG’s holdings in Copa were worth $8,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. McGowan Group Asset Management Inc. boosted its stake in Copa by 11.4% during the 4th quarter. McGowan Group Asset Management Inc. now owns 20,209 shares of the transportation company’s stock worth $2,437,000 after purchasing an additional 2,069 shares during the period. Concurrent Investment Advisors LLC acquired a new stake in Copa during the 4th quarter worth $7,929,000. U S Global Investors Inc. boosted its stake in Copa by 1.1% during the 4th quarter. U S Global Investors Inc. now owns 33,720 shares of the transportation company’s stock worth $4,067,000 after purchasing an additional 356 shares during the period. Ruffer LLP boosted its stake in Copa by 32.9% during the 4th quarter. Ruffer LLP now owns 48,819 shares of the transportation company’s stock worth $5,897,000 after purchasing an additional 12,090 shares during the period. Finally, Novem Group acquired a new stake in Copa during the 4th quarter worth $973,000. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Stock Performance

Shares of CPA opened at $131.40 on Monday. The company has a 50-day simple moving average of $117.74 and a 200-day simple moving average of $125.42. The company has a quick ratio of 1.06, a current ratio of 1.16 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $5.41 billion, a PE ratio of 7.66, a P/E/G ratio of 1.05 and a beta of 0.94. Copa Holdings, S.A. has a 52-week low of $99.32 and a 52-week high of $156.41.

Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, May 13th. The transportation company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.43 by $0.73. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Copa had a net margin of 18.76% and a return on equity of 26.01%. The business’s revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm posted $4.28 EPS. Equities research analysts predict that Copa Holdings, S.A. will post 15.29 earnings per share for the current fiscal year.

Copa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Friday, May 29th. Copa’s dividend payout ratio (DPR) is currently 39.88%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Barclays decreased their price target on shares of Copa from $185.00 to $165.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. Morgan Stanley reiterated an “overweight” rating and set a $190.00 price target on shares of Copa in a research note on Monday, February 9th. UBS Group decreased their price target on shares of Copa from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Friday, March 27th. JPMorgan Chase & Co. decreased their price target on shares of Copa from $170.00 to $165.00 and set an “overweight” rating for the company in a research note on Thursday, March 12th. Finally, Citigroup reduced their target price on shares of Copa from $155.00 to $140.00 and set a “buy” rating for the company in a research note 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 company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $165.80.

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.