INCA Investments LLC Buys Shares of 237,214 Copa Holdings, S.A. $CPA

INCA Investments LLC purchased a new position in Copa Holdings, S.A. (NYSE:CPA) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 237,214 shares of the transportation company’s stock, valued at approximately $26,950,000. Copa accounts for 9.6% of INCA Investments LLC’s holdings, making the stock its 5th largest position.

A number of other large investors also recently modified their holdings of CPA. Mirabella Financial Services LLP acquired a new stake in Copa in the 3rd quarter worth $3,809,000. Captrust Financial Advisors lifted its stake in shares of Copa by 3.6% in the third quarter. Captrust Financial Advisors now owns 642,777 shares of the transportation company’s stock valued at $76,375,000 after buying an additional 22,177 shares during the period. Hussman Strategic Advisors Inc. acquired a new stake in shares of Copa during the 4th quarter worth approximately $1,266,000. Ruffer LLP boosted its stake in Copa by 32.9% during the fourth quarter. Ruffer LLP now owns 48,819 shares of the transportation company’s stock worth $5,897,000 after buying an additional 12,090 shares in the last quarter. Finally, Clark Capital Management Group Inc. raised its stake in shares of Copa by 35.2% in the 3rd quarter. Clark Capital Management Group Inc. now owns 550,805 shares of the transportation company’s stock valued at $65,447,000 after buying an additional 143,497 shares in the last quarter. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Copa Stock Performance

NYSE:CPA opened at $149.95 on Friday. The stock has a market capitalization of $6.17 billion, a P/E ratio of 8.74, a price-to-earnings-growth ratio of 1.08 and a beta of 1.00. Copa Holdings, S.A. has a 1 year low of $106.56 and a 1 year high of $160.46. The firm has a 50 day moving average of $138.81 and a 200-day moving average of $131.57. The company has a current ratio of 1.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66.

Copa (NYSE:CPA) last issued its quarterly earnings data on Wednesday, May 13th. The transportation company reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.73. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Copa had a return on equity of 26.01% and a net margin of 18.76%.The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.28 EPS. As a group, sell-side analysts anticipate that Copa Holdings, S.A. will post 16.54 EPS for the current fiscal year.

Copa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Friday, May 29th. Copa’s payout ratio is currently 39.88%.

Analysts Set New Price Targets

CPA has been the topic of several recent research reports. Wall Street Zen upgraded shares of Copa from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Bank of America dropped their target price on Copa from $212.00 to $171.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Citigroup decreased their price target on Copa from $155.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, March 17th. Jefferies Financial Group began coverage on Copa in a research note on Thursday, June 18th. They set a “buy” rating and a $185.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their price objective on Copa from $165.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Copa currently has a consensus rating of “Buy” and an average target price of $168.91.

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.