U S Global Investors Inc. Has $3.24 Million Holdings in Copa Holdings, S.A. $CPA

U S Global Investors Inc. cut its stake in Copa Holdings, S.A. (NYSE:CPA) by 15.5% in the first quarter, Holdings Channel.com reports. The firm owned 28,507 shares of the transportation company’s stock after selling 5,213 shares during the period. U S Global Investors Inc.’s holdings in Copa were worth $3,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of CPA. Hilton Head Capital Partners LLC bought a new position in shares of Copa during the 4th quarter worth about $27,000. Empowered Funds LLC bought a new stake in shares of Copa in the fourth quarter valued at about $29,000. US Bancorp DE grew its position in Copa by 90.2% during the third quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock worth $30,000 after buying an additional 120 shares in the last quarter. SJS Investment Consulting Inc. grew its position in Copa by 284.2% during the first quarter. SJS Investment Consulting Inc. now owns 292 shares of the transportation company’s stock worth $33,000 after buying an additional 216 shares in the last quarter. Finally, Triumph Capital Management bought a new position in Copa during the third quarter valued at about $36,000. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CPA has been the subject of several recent research reports. Bank of America cut their price target on Copa from $212.00 to $171.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Barclays decreased their price objective on Copa from $185.00 to $165.00 and set an “overweight” rating on the stock in a report on Tuesday, March 24th. Wall Street Zen upgraded Copa from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Citigroup cut their target price on Copa from $155.00 to $140.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. Finally, The Goldman Sachs Group raised their target price on Copa from $138.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $168.91.

Copa Price Performance

NYSE:CPA traded up $0.78 during mid-day trading on Friday, hitting $150.67. The company’s stock had a trading volume of 201,923 shares, compared to its average volume of 305,490. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 8.79, a P/E/G ratio of 1.10 and a beta of 1.00. 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 Holdings, S.A. has a fifty-two week low of $106.56 and a fifty-two week high of $160.46. The stock has a fifty day moving average of $139.58 and a 200-day moving average of $131.70.

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

Copa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Friday, May 29th. Copa’s dividend payout ratio (DPR) is 39.88%.

About Copa

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.