SPX Gestao de Recursos Ltda Has $25.54 Million Stock Holdings in Copa Holdings, S.A. $CPA

SPX Gestao de Recursos Ltda decreased its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 42.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 224,792 shares of the transportation company’s stock after selling 168,750 shares during the quarter. Copa comprises approximately 2.1% of SPX Gestao de Recursos Ltda’s investment portfolio, making the stock its 14th biggest holding. SPX Gestao de Recursos Ltda’s holdings in Copa were worth $25,539,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CPA. Northwestern Mutual Wealth Management Co. increased its stake in Copa by 1,361,326.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 258,671 shares of the transportation company’s stock valued at $31,198,000 after purchasing an additional 258,652 shares in the last quarter. INCA Investments LLC acquired a new stake in Copa in the first quarter worth $26,950,000. Balyasny Asset Management L.P. boosted its position in shares of Copa by 428.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 258,251 shares of the transportation company’s stock worth $31,148,000 after purchasing an additional 209,381 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Copa during the fourth quarter worth $18,813,000. Finally, Two Sigma Investments LP grew its holdings in shares of Copa by 153.5% in the 3rd quarter. Two Sigma Investments LP now owns 229,076 shares of the transportation company’s stock valued at $27,219,000 after buying an additional 138,700 shares during the period. Institutional investors and hedge funds own 70.09% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CPA. Jefferies Financial Group initiated coverage on shares of Copa in a research report on Thursday, June 18th. They issued a “buy” rating and a $185.00 price objective for the company. Wall Street Zen upgraded Copa from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. UBS Group boosted their target price on Copa from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Evercore restated an “outperform” rating and issued a $175.00 price target on shares of Copa in a report on Friday, May 15th. Finally, JPMorgan Chase & Co. raised their price target on Copa from $165.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $171.73.

Copa Price Performance

CPA stock opened at $139.60 on Friday. The stock has a 50-day moving average price of $142.09 and a two-hundred day moving average price of $132.49. Copa Holdings, S.A. has a 1 year low of $106.56 and a 1 year high of $160.46. The stock has a market cap of $5.74 billion, a PE ratio of 8.14, a price-to-earnings-growth ratio of 1.02 and a beta of 1.00. The company has a current ratio of 1.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66.

Copa (NYSE:CPA) last issued its quarterly earnings results on Wednesday, May 13th. The transportation company reported $5.16 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.04 billion. During the same period in the previous year, the company posted $4.28 earnings per share. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. Equities analysts forecast that Copa Holdings, S.A. will post 16.6 EPS for the current fiscal year.

Copa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Friday, May 29th. Copa’s dividend payout ratio (DPR) is currently 39.88%.

Copa 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.