Copa Holdings, S.A. $CPA Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC increased its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 11.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,349 shares of the transportation company’s stock after buying an additional 3,857 shares during the quarter. Lazard Asset Management LLC owned about 0.09% of Copa worth $4,130,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CPA. Hilton Head Capital Partners LLC acquired a new stake in shares of Copa in the 4th quarter worth $27,000. Empowered Funds LLC purchased a new position in shares of Copa during the 4th quarter worth $29,000. US Bancorp DE boosted its position in shares of Copa by 90.2% during the 3rd quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 120 shares during the last quarter. SJS Investment Consulting Inc. boosted its position in shares of Copa by 284.2% during the 1st quarter. SJS Investment Consulting Inc. now owns 292 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 216 shares during the last quarter. Finally, Triumph Capital Management purchased a new stake in shares of Copa in the third quarter valued at about $36,000. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Stock Performance

NYSE CPA opened at $141.07 on Friday. The stock has a fifty day simple moving average of $144.14 and a 200-day simple moving average of $133.46. The company has a current ratio of 1.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66. The stock has a market cap of $5.80 billion, a PE ratio of 8.23, a P/E/G ratio of 1.04 and a beta of 1.00. Copa Holdings, S.A. has a twelve month low of $107.44 and a twelve month high of $160.46.

Copa (NYSE:CPA) last issued its quarterly earnings data on Wednesday, May 13th. The transportation company reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.73. Copa had a net margin of 18.76% and a return on equity of 26.01%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the firm earned $4.28 EPS. Copa’s revenue was up 17.0% on a year-over-year basis. Equities analysts anticipate that Copa Holdings, S.A. will post 16.6 earnings per share for the current year.

Copa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, May 29th. Copa’s payout ratio is 39.88%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group initiated coverage on shares of Copa in a research report on Thursday, June 18th. They set a “buy” rating and a $185.00 price objective for the company. UBS Group increased their price target on shares of Copa from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. The Goldman Sachs Group raised their price target on shares of Copa from $138.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Evercore restated an “outperform” rating and set a $175.00 price target on shares of Copa in a report on Friday, May 15th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Copa from $165.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $171.73.

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.