Copa Holdings, S.A. (CPA) Shares Sold by Impala Asset Management LLC
Impala Asset Management LLC decreased its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 26.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,757 shares of the transportation company’s stock after selling 3,791 shares during the period. Impala Asset Management LLC’s holdings in Copa Holdings, were worth $1,259,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of CPA. Pictet Asset Management Ltd. bought a new stake in Copa Holdings, during the first quarter valued at $191,000. HighTower Advisors LLC bought a new stake in Copa Holdings, during the first quarter valued at $219,000. Global X Management Co. LLC boosted its stake in Copa Holdings, by 0.9% during the second quarter. Global X Management Co. LLC now owns 2,010 shares of the transportation company’s stock valued at $235,000 after buying an additional 17 shares during the period. Fiera Capital Corp bought a new stake in Copa Holdings, during the second quarter valued at $250,000. Finally, US Bancorp DE boosted its stake in Copa Holdings, by 50.4% during the second quarter. US Bancorp DE now owns 2,220 shares of the transportation company’s stock valued at $260,000 after buying an additional 744 shares during the period. 64.30% of the stock is owned by institutional investors.
Shares of Copa Holdings, S.A. (NYSE CPA) traded up 0.62% during midday trading on Friday, reaching $134.01. The company’s stock had a trading volume of 237,112 shares. Copa Holdings, S.A. has a 12 month low of $83.26 and a 12 month high of $134.13. The company has a market cap of $5.68 billion, a PE ratio of 17.27 and a beta of 1.81. The company’s 50-day moving average price is $126.03 and its 200-day moving average price is $118.13.
Copa Holdings, (NYSE:CPA) last released its quarterly earnings data on Wednesday, August 9th. The transportation company reported $1.48 EPS for the quarter, meeting the consensus estimate of $1.48. Copa Holdings, had a net margin of 14.17% and a return on equity of 14.98%. The business had revenue of $578.10 million during the quarter, compared to the consensus estimate of $567.47 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The business’s revenue was up 16.9% on a year-over-year basis. On average, equities analysts anticipate that Copa Holdings, S.A. will post $8.64 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend was Tuesday, August 29th. This is an increase from Copa Holdings,’s previous quarterly dividend of $0.51. Copa Holdings,’s dividend payout ratio is 37.93%.
Several equities research analysts recently issued reports on CPA shares. ValuEngine raised Copa Holdings, from a “hold” rating to a “buy” rating in a research note on Friday, May 19th. Zacks Investment Research raised Copa Holdings, from a “hold” rating to a “buy” rating and set a $139.00 price objective for the company in a research note on Tuesday, July 11th. Deutsche Bank AG reissued a “buy” rating and set a $137.00 price objective (up previously from $134.00) on shares of Copa Holdings, in a research note on Tuesday, July 18th. BidaskClub raised Copa Holdings, from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 11th. Finally, Bank of America Corporation lifted their price objective on Copa Holdings, from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, August 10th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Copa Holdings, presently has a consensus rating of “Buy” and an average price target of $112.32.
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About Copa Holdings,
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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