Copa Holdings, S.A. $CPA Stock Holdings Lessened by Sprucegrove Investment Management Ltd.

Sprucegrove Investment Management Ltd. lowered its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 17.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,911,095 shares of the transportation company’s stock after selling 390,789 shares during the quarter. Copa accounts for about 27.8% of Sprucegrove Investment Management Ltd.’s portfolio, making the stock its 2nd largest position. Sprucegrove Investment Management Ltd.’s holdings in Copa were worth $230,497,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Capital World Investors lifted its holdings in shares of Copa by 0.9% in the 3rd quarter. Capital World Investors now owns 4,573,570 shares of the transportation company’s stock valued at $543,432,000 after acquiring an additional 40,285 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Copa by 3.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,313,021 shares of the transportation company’s stock worth $156,014,000 after acquiring an additional 42,921 shares during the last quarter. Captrust Financial Advisors raised its position in Copa by 3.6% during the third quarter. Captrust Financial Advisors now owns 642,777 shares of the transportation company’s stock valued at $76,375,000 after purchasing an additional 22,177 shares during the period. Clark Capital Management Group Inc. raised its position in Copa by 35.2% during the third quarter. Clark Capital Management Group Inc. now owns 550,805 shares of the transportation company’s stock valued at $65,447,000 after purchasing an additional 143,497 shares during the period. Finally, Wasatch Advisors LP lifted its stake in shares of Copa by 33.3% in the 3rd quarter. Wasatch Advisors LP now owns 547,618 shares of the transportation company’s stock valued at $65,068,000 after purchasing an additional 136,719 shares during the last quarter. 70.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CPA. Citigroup dropped their target price on Copa from $155.00 to $140.00 and set a “buy” rating for the company in a report on Tuesday, March 17th. Weiss Ratings restated a “buy (b)” rating on shares of Copa in a research report on Wednesday, January 21st. Evercore reaffirmed an “outperform” rating and set a $185.00 price objective on shares of Copa in a research note on Friday, February 13th. UBS Group cut their price objective on shares of Copa from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $190.00 target price on shares of Copa in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $165.00.

Copa Price Performance

Shares of CPA stock opened at $113.66 on Wednesday. The company has a market capitalization of $4.68 billion, a P/E ratio of 6.99, a P/E/G ratio of 0.95 and a beta of 0.94. The company’s 50-day simple moving average is $120.41 and its two-hundred day simple moving average is $125.59. Copa Holdings, S.A. has a one year low of $93.33 and a one year high of $156.41. 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 posted its quarterly earnings results on Wednesday, February 11th. The transportation company reported $4.46 earnings per share for the quarter, beating the consensus estimate of $4.44 by $0.02. The firm had revenue of $962.89 million during the quarter, compared to the consensus estimate of $959.22 million. Copa had a net margin of 18.57% and a return on equity of 25.62%. The company’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.99 earnings per share. As a group, equities analysts anticipate that Copa Holdings, S.A. will post 14.21 EPS for the current 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 given a dividend of $1.71 per share. This is a boost from Copa’s previous quarterly dividend of $1.61. The ex-dividend date of this dividend was Friday, February 27th. This represents a $6.84 dividend on an annualized basis and a yield of 6.0%. Copa’s dividend payout ratio is presently 42.04%.

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.