9,700 Shares in Copa Holdings, S.A. $CPA Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new stake in shares of Copa Holdings, S.A. (NYSE:CPA) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 9,700 shares of the transportation company’s stock, valued at approximately $1,509,000.

A number of other hedge funds also recently bought and sold shares of CPA. Goldman Sachs Group Inc. boosted its holdings in shares of Copa by 56.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 340,554 shares of the transportation company’s stock worth $31,488,000 after purchasing an additional 122,413 shares during the last quarter. Invesco Ltd. grew its position in shares of Copa by 585.6% in the second quarter. Invesco Ltd. now owns 94,361 shares of the transportation company’s stock valued at $10,377,000 after purchasing an additional 80,598 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of Copa in the second quarter valued at approximately $435,000. NewEdge Advisors LLC acquired a new stake in shares of Copa in the second quarter valued at approximately $1,419,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Copa in the second quarter valued at approximately $12,875,000. Institutional investors and hedge funds own 70.09% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on CPA. JPMorgan Chase & Co. boosted their price objective on Copa from $165.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Wall Street Zen cut Copa from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Jefferies Financial Group started coverage on Copa in a research note on Thursday, June 18th. They issued a “buy” rating and a $185.00 target price for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Copa in a report on Tuesday, August 11th. Finally, Raymond James Financial lowered their price target on shares of Copa from $195.00 to $185.00 and set a “strong-buy” rating on the stock in a research report on Monday, August 24th. One 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 stock. According to MarketBeat.com, Copa currently has a consensus rating of “Buy” and an average target price of $172.20.

Copa Stock Up 0.4%

Shares of NYSE CPA opened at $129.10 on Friday. The company has a 50 day simple moving average of $137.42 and a 200-day simple moving average of $132.09. The company has a market capitalization of $5.31 billion, a P/E ratio of 8.49, a P/E/G ratio of 1.20 and a beta of 0.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.97. Copa Holdings, S.A. has a 1 year low of $107.44 and a 1 year high of $160.46.

Copa (NYSE:CPA) last released its quarterly earnings data on Saturday, August 8th. The transportation company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.21). The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.08 billion. Copa had a net margin of 15.71% and a return on equity of 22.40%. The company’s revenue was up 25.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.61 earnings per share. On average, equities research analysts predict that Copa Holdings, S.A. will post 15.22 earnings per share for the current year.

Copa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a $1.71 dividend. The ex-dividend date is Monday, August 31st. This represents a $6.84 dividend on an annualized basis and a yield of 5.3%. Copa’s payout ratio is currently 44.97%.

About Copa

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, connecting Panama and other destinations across North, Central and South America and the Caribbean. Copa also offers related cargo transportation services.

Copa Airlines operates its primary hub at Tocumen International Airport in Panama City, which serves as a connecting point for travel throughout the Americas.