Copa Holdings, S.A. $CPA Stock Position Raised by Ruffer LLP

Ruffer LLP raised its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 32.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,819 shares of the transportation company’s stock after purchasing an additional 12,090 shares during the period. Ruffer LLP’s holdings in Copa were worth $5,897,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital World Investors raised its stake in shares of Copa by 0.9% during the 3rd quarter. Capital World Investors now owns 4,573,570 shares of the transportation company’s stock worth $543,432,000 after purchasing an additional 40,285 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Copa by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,313,021 shares of the transportation company’s stock valued at $156,014,000 after acquiring an additional 42,921 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Copa by 3.6% during the 3rd quarter. Captrust Financial Advisors now owns 642,777 shares of the transportation company’s stock valued at $76,375,000 after acquiring an additional 22,177 shares during the last quarter. Clark Capital Management Group Inc. increased its holdings in shares of Copa by 35.2% during the 3rd quarter. Clark Capital Management Group Inc. now owns 550,805 shares of the transportation company’s stock valued at $65,447,000 after acquiring an additional 143,497 shares during the last quarter. Finally, Wasatch Advisors LP increased its holdings in shares of Copa by 33.3% during the 3rd quarter. Wasatch Advisors LP now owns 547,618 shares of the transportation company’s stock valued at $65,068,000 after acquiring an additional 136,719 shares during the last quarter. 70.09% of the stock is owned by hedge funds and other institutional investors.

Copa Price Performance

Shares of NYSE:CPA opened at $121.10 on Wednesday. Copa Holdings, S.A. has a 1-year low of $86.74 and a 1-year high of $156.41. The firm has a market capitalization of $4.98 billion, a PE ratio of 7.44, a PEG ratio of 1.08 and a beta of 1.01. The business’s 50 day moving average is $125.27 and its 200-day moving average is $126.05. The company has a current ratio of 1.31, a quick ratio of 1.20 and a debt-to-equity ratio of 0.65.

Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, February 11th. The transportation company reported $4.46 earnings per share for the quarter, topping the consensus estimate of $4.44 by $0.02. Copa had a return on equity of 25.62% and a net margin of 18.57%.The company had revenue of $962.89 million for the quarter, compared to analyst estimates of $959.22 million. During the same quarter last year, the firm earned $3.99 EPS. Copa’s revenue for the quarter was up 9.6% compared to the same quarter last year. Sell-side analysts predict that Copa Holdings, S.A. will post 14.21 earnings per share for the current year.

Copa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend was Friday, February 27th. This is a boost from Copa’s previous quarterly dividend of $1.61. Copa’s payout ratio is 42.04%.

Wall Street Analyst Weigh In

CPA has been the topic of a number of analyst reports. Barclays lowered their price objective on Copa from $185.00 to $165.00 and set an “overweight” rating on the stock in a report on Tuesday, March 24th. UBS Group lowered their price objective on Copa from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Friday, March 27th. Evercore reaffirmed an “outperform” rating and issued a $185.00 target price on shares of Copa in a report on Friday, February 13th. Citigroup lowered their target price on Copa from $155.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. Finally, The Goldman Sachs Group raised Copa from a “neutral” rating to a “buy” rating and lowered their target price for the company from $151.00 to $138.00 in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Copa presently has a consensus rating of “Buy” and a consensus price target of $165.00.

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.