Sagil Capital LLP Invests $6.50 Million in Copa Holdings, S.A. $CPA

Sagil Capital LLP bought a new position in shares of Copa Holdings, S.A. (NYSE:CPA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 53,854 shares of the transportation company’s stock, valued at approximately $6,495,000. Copa comprises approximately 1.5% of Sagil Capital LLP’s investment portfolio, making the stock its 10th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Focus Financial Network Inc. grew its stake in shares of Copa by 4.9% during the fourth quarter. Focus Financial Network Inc. now owns 2,193 shares of the transportation company’s stock worth $264,000 after acquiring an additional 102 shares during the last quarter. Burney Co. grew its stake in shares of Copa by 1.9% during the fourth quarter. Burney Co. now owns 6,032 shares of the transportation company’s stock worth $728,000 after acquiring an additional 111 shares during the last quarter. MGO One Seven LLC grew its stake in shares of Copa by 3.1% during the fourth quarter. MGO One Seven LLC now owns 3,743 shares of the transportation company’s stock worth $451,000 after acquiring an additional 112 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Copa by 5.8% during the third quarter. Private Advisor Group LLC now owns 2,158 shares of the transportation company’s stock worth $256,000 after acquiring an additional 119 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of 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 acquiring an additional 120 shares during the last quarter. 70.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barclays dropped their price target on Copa from $185.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 24th. JPMorgan Chase & Co. boosted their price target on Copa from $165.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Bank of America dropped their price target on Copa from $212.00 to $171.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. The Goldman Sachs Group upped their target price on Copa from $138.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, Evercore reiterated an “outperform” rating and issued a $175.00 target price on shares of Copa in a research report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $167.30.

Copa Price Performance

Shares of NYSE CPA opened at $138.80 on Friday. The business’s 50 day moving average price is $125.69 and its 200 day moving average price is $127.10. The firm has a market cap of $5.71 billion, a P/E ratio of 8.09, a P/E/G ratio of 1.03 and a beta of 1.00. Copa Holdings, S.A. has a 52 week low of $99.32 and a 52 week high of $156.41. The company has a quick ratio of 1.06, a current ratio of 1.16 and a debt-to-equity ratio of 0.66.

Copa (NYSE:CPA) last issued its earnings results on Wednesday, May 13th. The transportation company reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.43 by $0.73. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. Copa had a return on equity of 26.01% and a net margin of 18.76%.Copa’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.28 earnings per share. On average, sell-side analysts expect that Copa Holdings, S.A. will post 15.18 earnings per share for the current year.

Copa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a $1.71 dividend. The ex-dividend date is Friday, May 29th. This represents a $6.84 dividend on an annualized basis and a yield of 4.9%. Copa’s dividend payout ratio is currently 39.88%.

Copa Company 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.