Trek Financial LLC Increases Holdings in Copa Holdings, S.A. $CPA

Trek Financial LLC boosted its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 6.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 76,176 shares of the transportation company’s stock after buying an additional 4,291 shares during the period. Trek Financial LLC’s holdings in Copa were worth $9,051,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Fifth Third Bancorp acquired a new position in shares of Copa during the 2nd quarter valued at about $25,000. CWM LLC boosted its holdings in Copa by 408.2% in the 3rd quarter. CWM LLC now owns 249 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 200 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Copa by 271.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock valued at $31,000 after buying an additional 190 shares during the period. Marquette Asset Management LLC acquired a new stake in shares of Copa during the 3rd quarter worth approximately $36,000. Finally, Richardson Financial Services Inc. raised its position in shares of Copa by 121.2% during the 3rd quarter. Richardson Financial Services Inc. now owns 480 shares of the transportation company’s stock valued at $57,000 after buying an additional 263 shares during the period. 70.09% of the stock is owned by institutional investors and hedge funds.

Copa Stock Up 0.2%

Shares of CPA stock traded up $0.25 during trading on Friday, reaching $133.77. The company’s stock had a trading volume of 137,682 shares, compared to its average volume of 300,575. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 8.32, a P/E/G ratio of 1.51 and a beta of 0.92. Copa Holdings, S.A. has a 1-year low of $82.54 and a 1-year high of $137.31. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.06 and a quick ratio of 0.95. The stock’s 50-day moving average price is $123.20 and its 200 day moving average price is $119.92.

Copa (NYSE:CPA) last posted its quarterly earnings results on Wednesday, November 19th. The transportation company reported $4.20 EPS for the quarter, topping the consensus estimate of $4.03 by $0.17. The business had revenue of $913.15 million during the quarter, compared to the consensus estimate of $917.51 million. Copa had a net margin of 18.83% and a return on equity of 26.39%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.50 earnings per share. On average, research analysts anticipate that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a dividend of $1.61 per share. The ex-dividend date was Monday, December 1st. This represents a $6.44 annualized dividend and a yield of 4.8%. Copa’s dividend payout ratio is 40.05%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Copa in a research note on Wednesday. Itau BBA Securities assumed coverage on shares of Copa in a report on Sunday, November 30th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. decreased their target price on shares of Copa from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, December 8th. Wall Street Zen cut shares of Copa from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 4th. Finally, Raymond James Financial set a $164.00 price target on shares of Copa and gave the company a “strong-buy” rating in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Copa has an average rating of “Buy” and a consensus price target of $156.00.

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.