Quantinno Capital Management LP Boosts Position in Copa Holdings, S.A. $CPA

Quantinno Capital Management LP raised its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 94.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 143,618 shares of the transportation company’s stock after buying an additional 69,838 shares during the quarter. Quantinno Capital Management LP’s holdings in Copa were worth $16,316,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Capital World Investors increased its stake in shares of Copa by 0.7% in the fourth quarter. Capital World Investors now owns 4,603,671 shares of the transportation company’s stock worth $555,249,000 after acquiring an additional 30,101 shares during the period. JPMorgan Chase & Co. boosted its holdings in Copa by 2.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,647,779 shares of the transportation company’s stock valued at $198,739,000 after purchasing an additional 44,834 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in 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 purchasing an additional 52,243 shares during the last quarter. Captrust Financial Advisors grew its position in Copa by 1.9% during 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 grew its position in 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 purchasing an additional 22,126 shares during the period. 70.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CPA has been the subject of several analyst reports. Wall Street Zen raised Copa from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Jefferies Financial Group initiated coverage on Copa in a report on Thursday, June 18th. They set a “buy” rating and a $185.00 target price on the stock. The Goldman Sachs Group lifted their price target on Copa from $138.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, May 15th. UBS Group boosted their price target on Copa from $185.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Finally, Raymond James Financial upped their price objective on Copa from $190.00 to $195.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 14th. One 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 company. Based on data from MarketBeat.com, Copa currently has a consensus rating of “Buy” and a consensus target price of $171.73.

Copa Trading Down 0.1%

Shares of Copa stock opened at $141.07 on Monday. The firm has a 50-day simple moving average of $144.14 and a two-hundred day simple moving average of $133.47. The company has a market cap of $5.80 billion, a P/E ratio of 8.23, a price-to-earnings-growth ratio of 1.03 and a beta of 1.00. Copa Holdings, S.A. has a fifty-two week low of $107.44 and a fifty-two week high of $160.46. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.06 and a current ratio of 1.16.

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

Copa Dividend Announcement

The firm also recently declared 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 was Friday, May 29th. This represents a $6.84 dividend on an annualized basis and a yield of 4.8%. Copa’s dividend payout ratio is currently 39.88%.

Copa Company 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.