Coppell Advisory Solutions LLC Buys Shares of 31,198 Copa Holdings, S.A. $CPA

Coppell Advisory Solutions LLC purchased a new stake in shares of Copa Holdings, S.A. (NYSE:CPA) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 31,198 shares of the transportation company’s stock, valued at approximately $4,853,000. Copa makes up about 0.9% of Coppell Advisory Solutions LLC’s investment portfolio, making the stock its 21st biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in Copa by 56.1% in the 1st 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 last quarter. Invesco Ltd. increased its position in 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 during the period. Qube Research & Technologies Ltd acquired a new position in Copa in the 2nd quarter valued at approximately $435,000. NewEdge Advisors LLC bought a new position in shares of Copa during the second quarter valued at $1,419,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Copa during the second quarter valued at $12,875,000. 70.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on CPA. Wall Street Zen cut shares of Copa from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. JPMorgan Chase & Co. raised their target price on Copa from $165.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. The Goldman Sachs Group lifted their target price on Copa from $138.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Evercore reiterated an “outperform” rating and issued a $175.00 price target on shares of Copa in a research report on Friday, May 15th. Finally, Raymond James Financial decreased their price target on Copa from $195.00 to $185.00 and set a “strong-buy” rating for the company in a research note on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Copa currently has a consensus rating of “Buy” and an average price target of $172.20.

Copa Price Performance

CPA stock opened at $128.83 on Thursday. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 8.47, a PEG ratio of 1.15 and a beta of 0.99. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. Copa Holdings, S.A. has a 12-month low of $107.44 and a 12-month high of $160.46. The company’s fifty day simple moving average is $140.89 and its 200 day simple moving average is $132.71.

Copa (NYSE:CPA) last issued its quarterly earnings results on Saturday, August 8th. The transportation company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.21). Copa had a return on equity of 22.40% and a net margin of 15.71%.The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the business posted $3.61 earnings per share. The business’s revenue was up 25.7% on a year-over-year basis. On average, analysts expect that Copa Holdings, S.A. will post 15.35 earnings per share for the current year.

Copa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $1.71 per share. The ex-dividend date is Monday, August 31st. This represents a $6.84 annualized dividend and a dividend yield of 5.3%. Copa’s dividend payout ratio is presently 44.97%.

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.