WINTON GROUP Ltd Takes Position in Copa Holdings, S.A. $CPA

WINTON GROUP Ltd bought a new stake in Copa Holdings, S.A. (NYSE:CPA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,400 shares of the transportation company’s stock, valued at approximately $531,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. US Bancorp DE raised its position in shares of Copa by 90.2% in the 3rd quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock valued at $30,000 after buying an additional 120 shares in the last quarter. Triumph Capital Management acquired a new position in shares of Copa in the 3rd quarter valued at approximately $36,000. Jones Financial Companies Lllp raised its position in shares of Copa by 100.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 364 shares of the transportation company’s stock valued at $43,000 after buying an additional 182 shares in the last quarter. Advisory Services Network LLC acquired a new position in Copa during the 3rd quarter worth approximately $50,000. Finally, Eastern Bank acquired a new position in Copa during the 4th quarter worth approximately $51,000. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Copa Trading Down 5.1%

CPA opened at $128.48 on Thursday. Copa Holdings, S.A. has a fifty-two week low of $99.32 and a fifty-two week high of $156.41. 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 has a market capitalization of $5.29 billion, a price-to-earnings ratio of 7.49, a PEG ratio of 1.08 and a beta of 1.00. The company’s 50 day moving average price is $125.19 and its two-hundred day moving average price is $126.93.

Copa (NYSE:CPA) last posted its earnings results on Wednesday, May 13th. The transportation company reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $4.43 by $0.73. Copa had a net margin of 18.76% and a return on equity of 26.01%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the firm posted $4.28 EPS. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, research analysts predict that Copa Holdings, S.A. will post 15.18 earnings per share for the current year.

Copa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Friday, May 29th. Copa’s payout ratio is presently 39.88%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Copa from $138.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Bank of America lowered their price objective on shares of Copa from $212.00 to $171.00 and set a “buy” rating for the company in a research report on Wednesday, March 18th. UBS Group upped their price objective on shares of Copa from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Citigroup lowered their price objective on shares of Copa from $155.00 to $140.00 and set a “buy” rating for the company in a research report on Tuesday, March 17th. Finally, Wall Street Zen upgraded shares of Copa from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. One 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 MarketBeat.com, the company has an average rating of “Buy” and an average target price of $167.30.

Copa 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.