Axa raised its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 24.2% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 109,930 shares of the transportation company’s stock after purchasing an additional 21,444 shares during the period. Axa owned approximately 0.26% of Copa Holdings, worth $12,862,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in CPA. Pictet Asset Management Ltd. acquired a new position in Copa Holdings, during the 1st quarter valued at about $191,000. Dixon Hubard Feinour & Brown Inc. VA acquired a new position in Copa Holdings, during the 1st quarter valued at about $213,000. HighTower Advisors LLC acquired a new position in Copa Holdings, during the 1st quarter valued at about $219,000. Global X Management Co. LLC boosted its stake in Copa Holdings, by 0.9% during the 2nd quarter. Global X Management Co. LLC now owns 2,010 shares of the transportation company’s stock valued at $235,000 after purchasing an additional 17 shares during the last quarter. Finally, Wealthsource Partners LLC acquired a new position in Copa Holdings, during the 1st quarter valued at about $253,000. Institutional investors and hedge funds own 64.30% of the company’s stock.
A number of equities analysts have issued reports on the company. BidaskClub downgraded Copa Holdings, from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. Bank of America Corporation lifted their price target on Copa Holdings, from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, August 10th. Zacks Investment Research downgraded Copa Holdings, from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Deutsche Bank AG restated a “buy” rating and issued a $137.00 target price (up previously from $134.00) on shares of Copa Holdings, in a research note on Tuesday, July 18th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $120.00 target price on shares of Copa Holdings, in a research note on Friday, August 11th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $112.32.
Copa Holdings, S.A. (NYSE:CPA) opened at 132.42 on Tuesday. The stock has a market cap of $5.62 billion, a P/E ratio of 17.06 and a beta of 1.81. Copa Holdings, S.A. has a 52 week low of $83.26 and a 52 week high of $133.77. The stock has a 50 day moving average price of $125.13 and a 200-day moving average price of $117.40.
Copa Holdings, (NYSE:CPA) last announced its quarterly earnings results on Wednesday, August 9th. The transportation company reported $1.48 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.48. The company had revenue of $578.10 million during the quarter, compared to the consensus estimate of $567.47 million. Copa Holdings, had a net margin of 14.17% and a return on equity of 14.98%. The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.51 earnings per share. On average, equities analysts anticipate that Copa Holdings, S.A. will post $8.64 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a $0.75 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $3.00 annualized dividend and a yield of 2.27%. This is a boost from Copa Holdings,’s previous quarterly dividend of $0.51. Copa Holdings,’s dividend payout ratio (DPR) is currently 37.93%.
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Copa Holdings, Profile
Copa Holdings, SA is a provider of airline passenger and cargo service through its principal operating subsidiaries, Compania Panamena de Aviacion, S. A. (Copa Airlines) and AeroRepublica, S. A. (Copa Colombia). The Company operates through air transportation segment. Copa Airlines operates from its position located in the Republic of Panama.
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