Somerset Capital Management LLP cut its position in Copa Holdings, S.A. (NYSE:CPA) by 22.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 180,340 shares of the transportation company’s stock after selling 51,022 shares during the period. Copa Holdings, comprises 6.7% of Somerset Capital Management LLP’s portfolio, making the stock its 6th largest position. Somerset Capital Management LLP owned approximately 0.43% of Copa Holdings, worth $20,243,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Axiom International Investors LLC DE bought a new position in shares of Copa Holdings, during the fourth quarter worth $34,851,000. Bamco Inc. NY increased its position in shares of Copa Holdings, by 60.0% in the third quarter. Bamco Inc. NY now owns 512,000 shares of the transportation company’s stock worth $45,020,000 after buying an additional 192,000 shares during the period. Trinity Street Asset Management LLP increased its position in shares of Copa Holdings, by 19.2% in the first quarter. Trinity Street Asset Management LLP now owns 967,826 shares of the transportation company’s stock worth $108,638,000 after buying an additional 155,586 shares during the period. Allianz Asset Management AG increased its position in shares of Copa Holdings, by 1,199.3% in the fourth quarter. Allianz Asset Management AG now owns 158,981 shares of the transportation company’s stock worth $14,440,000 after buying an additional 146,745 shares during the period. Finally, Norges Bank bought a new position in shares of Copa Holdings, during the fourth quarter worth $12,897,000. 70.64% of the stock is currently owned by institutional investors.
Copa Holdings, S.A. (NYSE:CPA) traded down 0.49% during midday trading on Friday, reaching $108.37. 1,010,244 shares of the company’s stock traded hands. Copa Holdings, S.A. has a one year low of $48.57 and a one year high of $125.78. The stock has a market cap of $4.59 billion, a PE ratio of 14.30 and a beta of 1.55. The stock’s 50 day moving average price is $116.50 and its 200-day moving average price is $102.22.
Copa Holdings, (NYSE:CPA) last announced its earnings results on Wednesday, May 10th. The transportation company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.09. The business had revenue of $616.70 million for the quarter, compared to analysts’ expectations of $621.16 million. Copa Holdings, had a return on equity of 10.56% and a net margin of 11.42%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the firm posted $1.66 earnings per share. Equities analysts predict that Copa Holdings, S.A. will post $8.34 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, May 26th. This represents a $2.04 annualized dividend and a yield of 1.87%. Copa Holdings,’s payout ratio is 35.05%.
A number of equities analysts recently weighed in on CPA shares. Zacks Investment Research raised shares of Copa Holdings, from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a report on Tuesday, April 18th. TheStreet raised shares of Copa Holdings, from a “c” rating to a “b” rating in a report on Thursday, February 16th. Wolfe Research raised shares of Copa Holdings, from an “underperform” rating to a “market perform” rating in a report on Tuesday, January 31st. Evercore ISI raised shares of Copa Holdings, from a “sell” rating to a “hold” rating and boosted their price target for the stock from $75.00 to $100.00 in a report on Friday, February 17th. Finally, ValuEngine downgraded shares of Copa Holdings, from a “buy” rating to a “hold” rating in a report on Thursday, May 11th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $100.54.
Copa Holdings, Company Profile
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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