U S Global Investors Inc. Sells 5,213 Shares of Copa Holdings, S.A. $CPA

U S Global Investors Inc. lowered its position in Copa Holdings, S.A. (NYSE:CPA) by 15.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,507 shares of the transportation company’s stock after selling 5,213 shares during the period. U S Global Investors Inc. owned 0.07% of Copa worth $3,239,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPA. Hilton Head Capital Partners LLC bought a new stake in Copa in the fourth quarter worth approximately $27,000. Empowered Funds LLC bought a new position in shares of Copa during the 4th quarter valued at $29,000. US Bancorp DE lifted its stake in shares of Copa by 90.2% in the 3rd quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 120 shares during the last quarter. SJS Investment Consulting Inc. lifted its stake in shares of Copa by 284.2% in the 1st quarter. SJS Investment Consulting Inc. now owns 292 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 216 shares during the last quarter. Finally, Triumph Capital Management bought a new stake in Copa in the third quarter worth $36,000. Institutional investors own 70.09% of the company’s stock.

Copa Stock Performance

CPA stock traded up $0.78 during mid-day trading on Friday, reaching $150.67. 201,923 shares of the stock traded hands, compared to its average volume of 305,490. The company has a quick ratio of 1.06, a current ratio of 1.16 and a debt-to-equity ratio of 0.66. Copa Holdings, S.A. has a 52 week low of $106.56 and a 52 week high of $160.46. The business has a 50-day moving average of $139.58 and a two-hundred day moving average of $131.70. The firm has a market capitalization of $6.20 billion, a PE ratio of 8.79, a P/E/G ratio of 1.10 and a beta of 1.00.

Copa (NYSE:CPA) last issued its quarterly earnings results on Wednesday, May 13th. The transportation company reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.73. Copa had a return on equity of 26.01% and a net margin of 18.76%.The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the business posted $4.28 earnings per share. The firm’s revenue was up 17.0% compared to the same quarter last year. As a group, equities analysts predict that Copa Holdings, S.A. will post 16.54 EPS for the current fiscal year.

Copa Announces Dividend

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 $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Friday, May 29th. Copa’s payout ratio is currently 39.88%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CPA shares. Barclays lowered their target price on shares of Copa from $185.00 to $165.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. UBS Group upped their price target on Copa from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Citigroup lowered their price objective on Copa from $155.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. Bank of America cut their price objective on Copa from $212.00 to $171.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. Finally, Evercore restated an “outperform” rating and issued a $175.00 target price on shares of Copa in a report on Friday, May 15th. One equities research 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. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $168.91.

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.