Deltec Asset Management LLC Sells 19,975 Shares of Copa Holdings, S.A. $CPA

Deltec Asset Management LLC cut its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 33.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,400 shares of the transportation company’s stock after selling 19,975 shares during the quarter. Deltec Asset Management LLC owned about 0.10% of Copa worth $4,682,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Captrust Financial Advisors boosted its holdings in Copa by 6.9% in the 2nd quarter. Captrust Financial Advisors now owns 620,600 shares of the transportation company’s stock valued at $68,247,000 after purchasing an additional 40,078 shares during the period. Vontobel Holding Ltd. raised its position in shares of Copa by 16.6% during the second quarter. Vontobel Holding Ltd. now owns 552,249 shares of the transportation company’s stock valued at $60,731,000 after buying an additional 78,687 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Copa by 56.1% in the first quarter. Goldman Sachs Group Inc. now owns 340,554 shares of the transportation company’s stock valued at $31,488,000 after buying an additional 122,413 shares during the period. Artisan Partners Limited Partnership grew its position in Copa by 26.2% during the second quarter. Artisan Partners Limited Partnership now owns 214,533 shares of the transportation company’s stock worth $23,592,000 after buying an additional 44,513 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Copa by 0.5% during the second quarter. Bank of America Corp DE now owns 207,728 shares of the transportation company’s stock valued at $22,844,000 after acquiring an additional 945 shares during the period. Institutional investors and hedge funds own 70.09% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Raymond James Financial set a $164.00 target price on Copa and gave the company a “strong-buy” rating in a research note on Monday, November 3rd. Itau BBA Securities assumed coverage on shares of Copa in a report on Sunday, November 30th. They set a “market perform” rating for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Copa in a research note on Wednesday, October 8th. Evercore ISI increased their price target on shares of Copa from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Finally, Wall Street Zen cut shares of Copa from a “strong-buy” rating to a “buy” rating in a research note on Sunday, January 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Copa currently has an average rating of “Buy” and an average price target of $156.00.

Copa Trading Up 0.4%

Shares of CPA stock opened at $130.89 on Friday. The company has a market capitalization of $5.39 billion, a P/E ratio of 8.14, a P/E/G ratio of 1.48 and a beta of 0.92. Copa Holdings, S.A. has a 12-month low of $82.54 and a 12-month high of $133.00. The company has a quick ratio of 0.95, a current ratio of 1.06 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average price of $122.14 and a 200 day moving average price of $118.48.

Copa (NYSE:CPA) last announced its 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. Copa had a return on equity of 26.39% and a net margin of 18.83%.The business had revenue of $913.15 million for the quarter, compared to the consensus estimate of $917.51 million. During the same period in the previous year, the business earned $3.50 EPS. Copa’s revenue was up 6.8% compared to the same quarter last year. Research analysts forecast that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Announces Dividend

The business also recently disclosed 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 of this dividend was Monday, December 1st. This represents a $6.44 dividend on an annualized basis and a yield of 4.9%. Copa’s dividend payout ratio is currently 40.05%.

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.