Dimensional Fund Advisors LP raised its stake in shares of Copa Holdings SA (NYSE:CPA) by 54.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,325,947 shares of the company’s stock after buying an additional 467,665 shares during the period. Dimensional Fund Advisors LP owned approximately 3.15% of Copa Holdings SA worth $69,293,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the stock. M&T Bank Corp acquired a new position in shares of Copa Holdings SA during the first quarter valued at approximately $222,000. UBS Asset Management Americas Inc. acquired a new position in shares of Copa Holdings SA during the first quarter valued at approximately $257,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Copa Holdings SA during the first quarter valued at approximately $271,000. IMS Capital Management raised its position in shares of Copa Holdings SA by 7.9% in the second quarter. IMS Capital Management now owns 4,760 shares of the company’s stock valued at $249,000 after buying an additional 350 shares during the period. Finally, Bank of Montreal Can acquired a new position in shares of Copa Holdings SA during the second quarter valued at approximately $272,000. 73.18% of the stock is currently owned by institutional investors and hedge funds.
Copa Holdings SA (NYSE:CPA) traded up 2.55% on Thursday, hitting $88.05. The stock had a trading volume of 167,948 shares. Copa Holdings SA has a 12-month low of $40.67 and a 12-month high of $90.75. The company’s 50 day moving average is $83.49 and its 200 day moving average is $66.56. The firm’s market cap is $3.71 billion.
Copa Holdings SA (NYSE:CPA) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.19. The business earned $494.40 million during the quarter, compared to the consensus estimate of $487.28 million. Copa Holdings SA had a return on equity of 9.05% and a net margin of 8.36%. The business’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 earnings per share. On average, equities research analysts expect that Copa Holdings SA will post $4.63 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Monday, August 29th. Copa Holdings SA’s dividend payout ratio is currently 48.46%.
Several brokerages have recently commented on CPA. Zacks Investment Research raised Copa Holdings SA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Goldman Sachs Group Inc. upped their price target on Copa Holdings SA from $62.00 to $71.00 and gave the company a “neutral” rating in a research note on Friday, August 5th. HSBC lowered Copa Holdings SA from a “buy” rating to a “hold” rating and upped their price target for the company from $66.00 to $84.00 in a research note on Friday, August 5th. Cowen and Company increased their target price on Copa Holdings SA from $49.00 to $72.00 and gave the stock a “market perform” rating in a research note on Friday, August 5th. Finally, Wolfe Research lowered Copa Holdings SA from a “market perform” rating to an “underperform” rating in a research note on Friday, June 10th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $80.50.
Copa Holdings SA Company 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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