Vontobel Holding Ltd. Sells 52,352 Shares of Copa Holdings, S.A. $CPA

Vontobel Holding Ltd. decreased its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 10.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 452,117 shares of the transportation company’s stock after selling 52,352 shares during the quarter. Vontobel Holding Ltd.’s holdings in Copa were worth $59,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Hilton Head Capital Partners LLC lifted its position in shares of Copa by 44.0% during the first quarter. Hilton Head Capital Partners LLC now owns 324 shares of the transportation company’s stock worth $37,000 after acquiring an additional 99 shares in the last quarter. Elevation Wealth Partners LLC boosted its holdings in shares of Copa by 59.3% in the third quarter. Elevation Wealth Partners LLC now owns 266 shares of the transportation company’s stock worth $35,000 after acquiring an additional 99 shares during the period. Triumph Capital Management grew its position in shares of Copa by 26.7% in the second quarter. Triumph Capital Management now owns 570 shares of the transportation company’s stock valued at $89,000 after purchasing an additional 120 shares in the last quarter. Everstar Asset Management LLC grew its position in shares of Copa by 1.6% in the first quarter. Everstar Asset Management LLC now owns 8,607 shares of the transportation company’s stock valued at $978,000 after purchasing an additional 139 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Copa by 5.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,181 shares of the transportation company’s stock valued at $361,000 after purchasing an additional 151 shares during the period. Institutional investors own 70.09% of the company’s stock.

Copa Price Performance

NYSE:CPA traded down $1.23 during trading hours on Friday, hitting $132.68. The stock had a trading volume of 180,815 shares, compared to its average volume of 348,467. The company has a 50 day simple moving average of $131.95 and a two-hundred day simple moving average of $133.67. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of 8.72, a P/E/G ratio of 1.28 and a beta of 1.05. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.97. Copa Holdings, S.A. has a one year low of $107.44 and a one year high of $160.46.

Copa (NYSE:CPA) last released its quarterly earnings results on Saturday, August 8th. The transportation company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.21). The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Copa had a net margin of 15.71% and a return on equity of 22.40%. The firm’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same quarter last year, the firm earned $3.61 earnings per share. Research analysts forecast that Copa Holdings, S.A. will post 14.78 earnings per share for the current fiscal year.

Copa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were paid a dividend of $1.71 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $6.84 annualized dividend and a yield of 5.2%. Copa’s dividend payout ratio (DPR) is currently 44.97%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CPA. Wall Street Zen cut Copa from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Raymond James Financial cut their target price 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. UBS Group reduced their target price on Copa from $195.00 to $185.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Copa in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $172.20.

Copa Profile

Copa Holdings, SA is a Panama-based airline holding company whose principal subsidiary is Copa Airlines, a commercial carrier serving destinations throughout the Americas. The company provides scheduled passenger and cargo air transportation, connecting Panama and other Latin American markets with destinations in North, Central and South America and the Caribbean.

Copa Airlines operates its primary hub at Tocumen International Airport in Panama City. The hub supports the airline’s “Hub of the Americas” network, allowing passengers to connect between cities across the region.