UBS Group AG Reduces Position in Copa Holdings, S.A. $CPA

UBS Group AG cut its position in Copa Holdings, S.A. (NYSE:CPA) by 13.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,684 shares of the transportation company’s stock after selling 10,441 shares during the period. UBS Group AG owned 0.16% of Copa worth $8,163,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. McGowan Group Asset Management Inc. increased its position in shares of Copa by 11.4% in the 4th quarter. McGowan Group Asset Management Inc. now owns 20,209 shares of the transportation company’s stock valued at $2,437,000 after purchasing an additional 2,069 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new stake in shares of Copa in the 4th quarter valued at approximately $7,929,000. U S Global Investors Inc. increased its position in shares of Copa by 1.1% in the 4th quarter. U S Global Investors Inc. now owns 33,720 shares of the transportation company’s stock valued at $4,067,000 after purchasing an additional 356 shares during the last quarter. Ruffer LLP increased its position in shares of Copa by 32.9% in the 4th quarter. Ruffer LLP now owns 48,819 shares of the transportation company’s stock valued at $5,897,000 after purchasing an additional 12,090 shares during the last quarter. Finally, Novem Group purchased a new stake in shares of Copa in the 4th quarter valued at approximately $973,000. 70.09% of the stock is owned by hedge funds and other institutional investors.

Copa Trading Down 0.2%

NYSE CPA opened at $131.40 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.16 and a quick ratio of 1.06. The firm’s fifty day moving average price is $117.74 and its 200 day moving average price is $125.42. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of 7.66, a price-to-earnings-growth ratio of 1.05 and a beta of 0.94. Copa Holdings, S.A. has a 12 month low of $99.32 and a 12 month high of $156.41.

Copa (NYSE:CPA) last posted its earnings results on Wednesday, May 13th. The transportation company reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.43 by $0.73. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. Copa had a net margin of 18.76% and a return on equity of 26.01%. The company’s revenue was up 17.0% on a year-over-year basis. During the same period last year, the firm posted $4.28 EPS. On average, sell-side analysts expect that Copa Holdings, S.A. will post 15.29 earnings per share for the current fiscal year.

Copa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, May 29th. Copa’s dividend payout ratio (DPR) is 39.88%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Copa from $170.00 to $165.00 and set an “overweight” rating on the stock in a research report on Thursday, March 12th. Morgan Stanley reissued an “overweight” rating and issued a $190.00 price objective on shares of Copa in a research report on Monday, February 9th. Evercore reissued an “outperform” rating and issued a $175.00 price objective on shares of Copa in a research report on Friday. UBS Group dropped their price objective 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, Bank of America dropped their price objective on shares of Copa from $212.00 to $171.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $165.80.

About Copa

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.