130,200 Shares in Copa Holdings, S.A. $CPA Bought by Fourth Sail Capital LP

Fourth Sail Capital LP acquired a new position in shares of Copa Holdings, S.A. (NYSE:CPA) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 130,200 shares of the transportation company’s stock, valued at approximately $15,703,000. Copa accounts for 2.5% of Fourth Sail Capital LP’s portfolio, making the stock its 22nd largest position.

Other hedge funds have also added to or reduced their stakes in the company. GSA Capital Partners LLP grew its position in Copa by 657.8% in the third quarter. GSA Capital Partners LLP now owns 19,786 shares of the transportation company’s stock valued at $2,351,000 after purchasing an additional 17,175 shares in the last quarter. Capital World Investors grew its position in Copa by 0.9% in the third quarter. Capital World Investors now owns 4,573,570 shares of the transportation company’s stock valued at $543,432,000 after purchasing an additional 40,285 shares in the last quarter. Aptus Capital Advisors LLC grew its position in Copa by 14.9% in the third quarter. Aptus Capital Advisors LLC now owns 65,537 shares of the transportation company’s stock valued at $7,787,000 after purchasing an additional 8,510 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Copa by 33.3% in the third quarter. Envestnet Asset Management Inc. now owns 104,675 shares of the transportation company’s stock valued at $12,438,000 after purchasing an additional 26,158 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in Copa by 3.6% in the third quarter. Captrust Financial Advisors now owns 642,777 shares of the transportation company’s stock valued at $76,375,000 after purchasing an additional 22,177 shares in the last quarter. Institutional investors own 70.09% of the company’s stock.

Wall Street Analysts Forecast Growth

CPA has been the subject of a number of analyst reports. The Goldman Sachs Group lifted their price objective on shares of Copa from $138.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Wall Street Zen raised shares of Copa from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Bank of America dropped their price objective on shares of Copa from $212.00 to $171.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. JPMorgan Chase & Co. lifted their price objective on shares of Copa from $165.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Finally, Evercore reiterated an “outperform” rating and issued a $175.00 price objective on shares of Copa in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Copa has an average rating of “Buy” and an average price target of $167.30.

Copa Price Performance

Shares of Copa stock opened at $141.82 on Friday. Copa Holdings, S.A. has a twelve month low of $99.32 and a twelve month high of $156.41. The company has a quick ratio of 1.06, a current ratio of 1.16 and a debt-to-equity ratio of 0.66. The company has a 50-day simple moving average of $126.17 and a two-hundred day simple moving average of $127.20. The stock has a market capitalization of $5.83 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 1.13 and a beta of 1.00.

Copa (NYSE:CPA) last issued its quarterly earnings data on Wednesday, May 13th. The transportation company reported $5.16 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the company earned $4.28 EPS. The business’s revenue was up 17.0% on a year-over-year basis. Analysts forecast that Copa Holdings, S.A. will post 15.18 EPS for the current year.

Copa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a $1.71 dividend. The ex-dividend date is Friday, May 29th. This represents a $6.84 annualized dividend and a dividend yield of 4.8%. Copa’s payout ratio is presently 39.88%.

About Copa

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.