Copa (NYSE:CPA) Stock: Insider Juan Alberto Mr Alvarado Sells 174 Shares

Copa Holdings, S.A. (NYSE:CPA) CAO Juan Alberto Mr Alvarado sold 174 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $146.75, for a total value of $25,534.50. Following the sale, the chief accounting officer owned 245 shares in the company, valued at approximately $35,953.75. This represents a 41.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Copa Stock Up 0.6%

Copa stock opened at $142.64 on Friday. Copa Holdings, S.A. has a 12 month low of $107.44 and a 12 month high of $160.46. The stock has a fifty day simple moving average of $132.68 and a two-hundred day simple moving average of $133.46. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 9.38, a PEG ratio of 1.36 and a beta of 1.14.

Copa (NYSE:CPA) last announced its quarterly earnings results on Saturday, August 8th. The transportation company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.21). Copa had a net margin of 15.71% and a return on equity of 22.40%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the company earned $3.61 earnings per share. The company’s revenue for the quarter was up 25.7% compared to the same quarter last year. Equities analysts predict that Copa Holdings, S.A. will post 14.78 EPS for the current fiscal year.

Institutional Trading of Copa

Hedge funds have recently bought and sold shares of the company. Cullen Capital Management LLC bought a new position in Copa in the 2nd quarter worth approximately $88,871,000. INCA Investments LLC bought a new stake in shares of Copa during the first quarter valued at approximately $26,950,000. Globeflex Capital L P bought a new stake in shares of Copa during the second quarter valued at approximately $13,579,000. Quantinno Capital Management LP lifted its holdings in shares of Copa by 94.7% in the first quarter. Quantinno Capital Management LP now owns 143,618 shares of the transportation company’s stock worth $16,316,000 after buying an additional 69,838 shares in the last quarter. Finally, Artemis Investment Management LLP lifted its holdings in shares of Copa by 64.9% in the third quarter. Artemis Investment Management LLP now owns 159,559 shares of the transportation company’s stock worth $21,038,000 after buying an additional 62,789 shares in the last quarter. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Raymond James Financial dropped their price target on shares of Copa from $195.00 to $185.00 and set a “strong-buy” rating on the stock in a report on Monday, August 24th. UBS Group decreased their price objective on shares of Copa from $195.00 to $185.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Wall Street Zen downgraded shares of Copa from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Copa in a report on Tuesday, August 11th. One investment 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 MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $172.20.

Copa Company Profile

Copa Holdings, SA is a Panama-based airline holding company whose principal subsidiary is Compañía Panameña de Aviación, SA, known as Copa Airlines. The company provides scheduled passenger air transportation, with Tocumen International Airport in Panama City serving as its primary hub.

Copa Airlines operates a network connecting Panama with destinations across North, Central and South America and the Caribbean. Its services support both business and leisure travel, with connecting traffic routed through Panama’s geographic position as a regional aviation hub.

Copa Holdings also has an interest in Wingo, a low-cost airline serving Colombia and other markets in the Americas.