Copa Holdings, S.A. (NYSE:CPA) Shares Sold by Comerica Bank

Comerica Bank lessened its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 4.5% in the first quarter, HoldingsChannel.com reports. The fund owned 2,697 shares of the transportation company’s stock after selling 126 shares during the period. Comerica Bank’s holdings in Copa were worth $226,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Quad Cities Investment Group LLC increased its stake in Copa by 29.6% during the first quarter. Quad Cities Investment Group LLC now owns 875 shares of the transportation company’s stock worth $70,000 after purchasing an additional 200 shares during the period. Oppenheimer Asset Management Inc. increased its stake in Copa by 15.4% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 3,597 shares of the transportation company’s stock valued at $284,000 after purchasing an additional 481 shares during the last quarter. Schafer Cullen Capital Management Inc purchased a new position in Copa in the fourth quarter valued at approximately $474,000. Bank of Montreal Can boosted its holdings in shares of Copa by 5.7% in the fourth quarter. Bank of Montreal Can now owns 6,314 shares of the transportation company’s stock valued at $496,000 after acquiring an additional 339 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Copa by 100.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,623 shares of the transportation company’s stock valued at $521,000 after acquiring an additional 3,324 shares during the period. Institutional investors own 66.98% of the company’s stock.

NYSE:CPA opened at $93.93 on Wednesday. The firm has a market cap of $3.92 billion, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 0.99 and a beta of 1.23. Copa Holdings, S.A. has a 1-year low of $67.38 and a 1-year high of $104.53. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 0.70.

Copa (NYSE:CPA) last issued its earnings results on Wednesday, May 8th. The transportation company reported $2.11 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.47. The company had revenue of $672.17 million for the quarter, compared to analyst estimates of $670.26 million. Copa had a return on equity of 11.81% and a net margin of 1.56%. The business’s revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.22 EPS. Equities research analysts predict that Copa Holdings, S.A. will post 6.78 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.65 per share. The ex-dividend date is Thursday, May 30th. This represents a $2.60 annualized dividend and a yield of 2.77%. Copa’s payout ratio is 39.88%.

Several brokerages recently weighed in on CPA. TheStreet raised Copa from a “c+” rating to a “b” rating in a report on Friday, May 10th. Bank of America upgraded Copa from a “neutral” rating to a “buy” rating in a research report on Monday, May 13th. Cowen restated a “market perform” rating and issued a $93.00 price target (up previously from $85.00) on shares of Copa in a research report on Friday, May 10th. ValuEngine upgraded Copa from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th. Finally, Zacks Investment Research cut Copa from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $101.55.

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Copa Company Profile

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 81 destinations in 33 countries in North, Central, and South America, as well as the Caribbean. As of April 24, 2019, it operated a fleet of 105 aircraft comprising 6 Boeing 737 MAX9s, 82 Boeing 737NGs, and 17 Embraer-190s aircraft.

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Institutional Ownership by Quarter for Copa (NYSE:CPA)

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