Y Intercept Hong Kong Ltd Acquires 28,745 Shares of Copa Holdings, S.A. $CPA

Y Intercept Hong Kong Ltd increased its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 342.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,147 shares of the transportation company’s stock after purchasing an additional 28,745 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Copa were worth $4,220,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CPA. Goldman Sachs Group Inc. boosted its holdings in shares of Copa by 56.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 340,554 shares of the transportation company’s stock worth $31,488,000 after buying an additional 122,413 shares in the last quarter. Invesco Ltd. increased its stake in shares of Copa by 585.6% in the 2nd quarter. Invesco Ltd. now owns 94,361 shares of the transportation company’s stock valued at $10,377,000 after acquiring an additional 80,598 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of Copa during the 2nd quarter valued at $435,000. NewEdge Advisors LLC bought a new position in Copa during the second quarter worth $1,419,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Copa during the second quarter worth $12,875,000. 70.09% of the stock is owned by institutional investors and hedge funds.

Copa Stock Up 0.1%

Shares of NYSE CPA opened at $152.86 on Monday. Copa Holdings, S.A. has a 1 year low of $106.56 and a 1 year high of $160.46. The stock has a market capitalization of $6.29 billion, a P/E ratio of 8.91, a P/E/G ratio of 1.16 and a beta of 1.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.16 and a quick ratio of 1.06. The company has a 50-day moving average price of $136.06 and a 200-day moving average price of $130.71.

Copa (NYSE:CPA) last issued its quarterly earnings data on Wednesday, May 13th. The transportation company reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.43 by $0.73. The firm had revenue of $1.05 billion during 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%.The company’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the previous year, the company posted $4.28 EPS. On average, equities research analysts forecast that Copa Holdings, S.A. will post 15.96 EPS for the current fiscal year.

Copa Announces Dividend

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. The ex-dividend date of this dividend was Friday, May 29th. This represents a $6.84 annualized dividend and a dividend yield of 4.5%. Copa’s payout ratio is presently 39.88%.

Wall Street Analyst Weigh In

A number of research firms have commented on CPA. Bank of America reduced their price target on shares of Copa from $212.00 to $171.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. UBS Group increased their price objective on shares of Copa from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Barclays reduced their target price on Copa from $185.00 to $165.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. The Goldman Sachs Group boosted 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, Citigroup cut their price target on Copa from $155.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $168.91.

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.