Flinton Capital Management LLC increased its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 8.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,800 shares of the transportation company’s stock after buying an additional 4,624 shares during the period. Flinton Capital Management LLC’s holdings in Copa were worth $7,749,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in Copa by 5.1% during the third quarter. JPMorgan Chase & Co. now owns 3,112,359 shares of the transportation company’s stock worth $381,825,000 after buying an additional 150,735 shares during the last quarter. Renaissance Technologies LLC raised its stake in Copa by 57.3% during the fourth quarter. Renaissance Technologies LLC now owns 639,500 shares of the transportation company’s stock worth $85,731,000 after buying an additional 232,900 shares during the last quarter. Bamco Inc. NY raised its stake in Copa by 11.1% during the third quarter. Bamco Inc. NY now owns 569,642 shares of the transportation company’s stock worth $70,938,000 after buying an additional 56,862 shares during the last quarter. Two Sigma Advisers LP raised its stake in Copa by 7.4% during the fourth quarter. Two Sigma Advisers LP now owns 320,074 shares of the transportation company’s stock worth $42,909,000 after buying an additional 22,000 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware bought a new position in Copa during the third quarter worth $33,502,000. 64.92% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Copa from a “buy” rating to a “hold” rating in a research note on Tuesday. Cowen reaffirmed a “market perform” rating and issued a $140.00 price target (up from $137.00) on shares of Copa in a research note on Friday, February 23rd. Santander raised shares of Copa from an “underperform” rating to a “hold” rating in a research note on Monday, December 4th. Buckingham Research reaffirmed a “buy” rating and issued a $165.00 price target (up from $163.00) on shares of Copa in a research note on Thursday, February 22nd. Finally, Stifel Nicolaus lifted their price target on shares of Copa from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Copa presently has a consensus rating of “Hold” and an average target price of $145.38.
Copa (NYSE:CPA) last posted its quarterly earnings results on Wednesday, February 21st. The transportation company reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.03. Copa had a net margin of 14.64% and a return on equity of 18.25%. The firm had revenue of $675.58 million during the quarter, compared to the consensus estimate of $666.96 million. During the same period in the previous year, the firm posted $2.26 earnings per share. The business’s revenue was up 12.4% compared to the same quarter last year. equities research analysts predict that Copa Holdings, S.A. will post 10.35 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Monday, March 5th will be issued a dividend of $0.87 per share. This is a boost from Copa’s previous quarterly dividend of $0.75. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, March 2nd. Copa’s dividend payout ratio (DPR) is currently 39.86%.
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Copa Holdings, SA is a provider of airline passenger and cargo service through its principal operating subsidiaries, Compania Panamena de Aviacion, S. A. (Copa Airlines) and AeroRepublica, S. A. (Copa Colombia). The Company operates through air transportation segment. Copa Airlines operates from its position located in the Republic of Panama.
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