Copa Holdings, S.A. $CPA Shares Sold by Vontobel Holding Ltd.

by · The Cerbat Gem

Vontobel Holding Ltd. cut its holdings in shares of Copa Holdings, S.A. (NYSE:CPA – Free Report) by 11.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 490,521 shares of the transportation company’s stock after selling 61,728 shares during the quarter. Vontobel Holding Ltd. owned approximately 1.19% of Copa worth $58,284,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CPA. Fifth Third Bancorp bought a new stake in shares of Copa in the second quarter worth $25,000. Farther Finance Advisors LLC grew its holdings in Copa by 271.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock worth $31,000 after acquiring an additional 190 shares in the last quarter. Bayforest Capital Ltd bought a new stake in shares of Copa in the 1st quarter worth about $36,000. Quarry LP bought a new stake in shares of Copa in the 1st quarter worth about $50,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Copa in the 2nd quarter valued at about $77,000. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

Copa Trading Down 1.4%

NYSE:CPA opened at $121.93 on Wednesday. The firm has a market capitalization of $5.02 billion, a P/E ratio of 7.58, a P/E/G ratio of 1.47 and a beta of 0.90. The business has a 50 day simple moving average of $122.46 and a 200 day simple moving average of $116.81. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.06 and a quick ratio of 0.95. Copa Holdings, S.A. has a 12-month low of $82.54 and a 12-month high of $130.00.

Copa (NYSE:CPA – Get Free Report) last posted its earnings results on Wednesday, November 19th. The transportation company reported $4.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.17. The company had revenue of $913.15 million for the quarter, compared to analysts’ expectations of $917.51 million. Copa had a return on equity of 26.39% and a net margin of 18.83%.The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business posted $3.50 earnings per share. Equities research analysts predict that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a $1.61 dividend. The ex-dividend date was Monday, December 1st. This represents a $6.44 annualized dividend and a dividend yield of 5.3%. Copa’s dividend payout ratio (DPR) is presently 40.05%.

Analyst Ratings Changes

Several analysts recently weighed in on CPA shares. Evercore ISI boosted their price objective on Copa from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Itau BBA Securities began coverage on Copa in a research report on Sunday, November 30th. They set a “market perform” rating on the stock. Raymond James Financial set a $164.00 price objective on Copa and gave the stock a “strong-buy” rating in a research note on Monday, November 3rd. JPMorgan Chase & Co. lowered their target price on shares of Copa from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Monday, December 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Copa in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $159.43.

Get Our Latest Research Report on Copa

About Copa

(Free Report)

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.

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