Trinity Street Asset Management LLP Has $112.46 Million Stake in Copa Holdings, S.A. (NYSE:CPA)

Trinity Street Asset Management LLP lowered its position in Copa Holdings, S.A. (NYSE:CPA) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 961,201 shares of the transportation company’s stock after selling 6,625 shares during the period. Copa Holdings, comprises 17.3% of Trinity Street Asset Management LLP’s holdings, making the stock its largest position. Trinity Street Asset Management LLP owned approximately 2.27% of Copa Holdings, worth $112,460,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Comerica Bank boosted its stake in Copa Holdings, by 0.9% in the first quarter. Comerica Bank now owns 3,054 shares of the transportation company’s stock worth $353,000 after buying an additional 26 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in Copa Holdings, by 1.5% in the first quarter. Dynamic Technology Lab Private Ltd now owns 3,281 shares of the transportation company’s stock worth $368,000 after buying an additional 48 shares in the last quarter. Amalgamated Bank boosted its stake in Copa Holdings, by 3.4% in the first quarter. Amalgamated Bank now owns 4,473 shares of the transportation company’s stock worth $502,000 after buying an additional 145 shares in the last quarter. Foyston Gordon & Payne Inc boosted its stake in Copa Holdings, by 2.0% in the first quarter. Foyston Gordon & Payne Inc now owns 11,950 shares of the transportation company’s stock worth $1,341,000 after buying an additional 240 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in Copa Holdings, by 5.9% in the first quarter. Bank of Montreal Can now owns 5,388 shares of the transportation company’s stock worth $605,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 70.35% of the company’s stock.

Copa Holdings, S.A. (NYSE:CPA) traded up 0.14% during trading on Wednesday, reaching $125.86. The company’s stock had a trading volume of 247,970 shares. Copa Holdings, S.A. has a 52-week low of $75.74 and a 52-week high of $133.70. The stock has a market cap of $5.34 billion, a price-to-earnings ratio of 16.22 and a beta of 1.80. The firm has a 50 day moving average price of $125.27 and a 200-day moving average price of $114.27.

Copa Holdings, (NYSE:CPA) last released its earnings results on Wednesday, August 9th. The transportation company reported $1.48 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.48. The business had revenue of $578.10 million for the quarter, compared to analysts’ expectations of $567.47 million. Copa Holdings, had a return on equity of 14.98% and a net margin of 14.17%. The firm’s revenue was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 earnings per share. On average, analysts expect that Copa Holdings, S.A. will post $8.60 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Tuesday, August 29th. This is a boost from Copa Holdings,’s previous quarterly dividend of $0.51. Copa Holdings,’s dividend payout ratio is currently 25.79%.

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A number of analysts have weighed in on CPA shares. Zacks Investment Research upgraded Copa Holdings, from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a research report on Tuesday, April 18th. ValuEngine upgraded Copa Holdings, from a “hold” rating to a “buy” rating in a research report on Friday, May 19th. Deutsche Bank AG reiterated a “buy” rating and issued a $137.00 price target (up from $134.00) on shares of Copa Holdings, in a research report on Tuesday, July 18th. Finally, BidaskClub upgraded Copa Holdings, from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 11th. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $109.42.

Copa Holdings, Company Profile

Copa Holdings, SA is a provider of airline passenger and cargo service through its principal operating subsidiaries, Compania Panamena de Aviacion, S. A. (Copa Airlines) and AeroRepublica, S. A. (Copa Colombia). The Company operates through air transportation segment. Copa Airlines operates from its position located in the Republic of Panama.

Institutional Ownership by Quarter for Copa Holdings, (NYSE:CPA)

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