Trek Financial LLC Boosts Stake in Copa Holdings, S.A. $CPA

Trek Financial LLC grew its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 17.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 89,192 shares of the transportation company’s stock after buying an additional 13,016 shares during the quarter. Trek Financial LLC owned 0.22% of Copa worth $10,757,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. CWM LLC raised its position in shares of Copa by 408.2% during the 3rd quarter. CWM LLC now owns 249 shares of the transportation company’s stock valued at $30,000 after buying an additional 200 shares in the last quarter. US Bancorp DE raised its position in Copa by 90.2% in the 3rd quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock worth $30,000 after purchasing an additional 120 shares during the period. Farther Finance Advisors LLC raised its position in Copa by 271.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock worth $31,000 after purchasing an additional 190 shares during the period. Marquette Asset Management LLC purchased a new position in Copa in the 3rd quarter worth $36,000. Finally, Triumph Capital Management purchased a new position in Copa in the 3rd quarter worth $36,000. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Copa Price Performance

CPA stock opened at $117.01 on Tuesday. The firm’s 50-day moving average price is $118.46 and its two-hundred day moving average price is $125.46. Copa Holdings, S.A. has a 12-month low of $98.36 and a 12-month high of $156.41. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of 7.19, a PEG ratio of 1.06 and a beta of 0.94. 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 released its quarterly earnings data on Wednesday, February 11th. The transportation company reported $4.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.44 by $0.02. Copa had a net margin of 18.57% and a return on equity of 25.62%. The firm had revenue of $962.89 million for the quarter, compared to analysts’ expectations of $959.22 million. During the same quarter in the previous year, the company earned $3.99 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, equities 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. Shareholders of record on Friday, February 27th were given a $1.71 dividend. The ex-dividend date was Friday, February 27th. This is a positive change from Copa’s previous quarterly dividend of $1.61. This represents a $6.84 dividend on an annualized basis and a dividend yield of 5.8%. Copa’s dividend payout ratio is presently 42.04%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Citigroup decreased their target price on shares of Copa from $155.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Copa in a research report on Wednesday, January 21st. Morgan Stanley reiterated an “overweight” rating and issued a $190.00 target price on shares of Copa in a research report on Monday, February 9th. UBS Group decreased their target price on shares of Copa from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Finally, Wall Street Zen cut shares of Copa from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $165.00.

Copa Company 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.