GSA Capital Partners LLP Raises Holdings in Copa Holdings, S.A. $CPA

GSA Capital Partners LLP increased its holdings in Copa Holdings, S.A. (NYSE:CPA) by 657.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,786 shares of the transportation company’s stock after buying an additional 17,175 shares during the period. GSA Capital Partners LLP’s holdings in Copa were worth $2,351,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. CWM LLC increased its holdings in shares of 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 acquiring an additional 200 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Copa by 271.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock worth $31,000 after acquiring an additional 190 shares in the last quarter. Marquette Asset Management LLC bought a new position in shares of Copa during the 3rd quarter worth approximately $36,000. Jones Financial Companies Lllp lifted its position in Copa by 100.0% during the third quarter. Jones Financial Companies Lllp now owns 364 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 182 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in Copa by 90.7% in the third quarter. Fifth Third Bancorp now owns 429 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 204 shares in the last quarter. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wall Street Zen raised Copa from a “hold” rating to a “buy” rating in a research report on Sunday, February 8th. Evercore ISI restated an “outperform” rating and set a $185.00 target price on shares of Copa in a research note on Friday. Weiss Ratings reissued a “buy (b)” rating on shares of Copa in a report on Wednesday, January 21st. Barclays boosted their price target on Copa from $150.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, JPMorgan Chase & Co. cut their price objective on shares of Copa from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Copa currently has an average rating of “Moderate Buy” and a consensus price target of $166.89.

Copa Stock Down 3.0%

NYSE:CPA opened at $145.92 on Tuesday. 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 company’s fifty day moving average price is $131.18 and its 200-day moving average price is $124.01. Copa Holdings, S.A. has a 1-year low of $82.54 and a 1-year high of $156.41. The firm has a market capitalization of $6.01 billion, a P/E ratio of 8.97, a PEG ratio of 0.97 and a beta of 0.92.

Copa (NYSE:CPA) last posted its earnings results on Wednesday, February 11th. The transportation company reported $4.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.44 by ($0.26). Copa had a net margin of 18.57% and a return on equity of 26.14%. The business had revenue of $962.89 million for the quarter, compared to analyst estimates of $959.22 million. During the same quarter in the prior year, the firm earned $3.99 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. As a group, equities research analysts anticipate that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a $1.71 dividend. This is a boost from Copa’s previous quarterly dividend of $1.61. The ex-dividend date of this dividend is Friday, February 27th. This represents a $6.84 annualized dividend and a dividend yield of 4.7%. Copa’s payout ratio is presently 39.58%.

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.