Artisan Partners Limited Partnership raised its stake in Copa Holdings, S.A. (NYSE:CPA) by 17.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,321 shares of the transportation company’s stock after acquiring an additional 15,620 shares during the period. Artisan Partners Limited Partnership owned 0.25% of Copa Holdings, worth $12,557,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the business. Laurion Capital Management LP acquired a new position in Copa Holdings, in the second quarter valued at approximately $270,000. BlueMountain Capital Management LLC boosted its stake in Copa Holdings, by 525.4% in the second quarter. BlueMountain Capital Management LLC now owns 31,097 shares of the transportation company’s stock valued at $3,638,000 after acquiring an additional 26,125 shares during the period. Amalgamated Bank boosted its stake in Copa Holdings, by 26.6% in the second quarter. Amalgamated Bank now owns 5,664 shares of the transportation company’s stock valued at $663,000 after acquiring an additional 1,191 shares during the period. BlackRock Inc. boosted its stake in Copa Holdings, by 5.1% in the second quarter. BlackRock Inc. now owns 782,269 shares of the transportation company’s stock valued at $91,525,000 after acquiring an additional 37,710 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in Copa Holdings, by 4.8% in the second quarter. Ameriprise Financial Inc. now owns 31,420 shares of the transportation company’s stock valued at $3,676,000 after acquiring an additional 1,425 shares during the period. Institutional investors own 64.28% of the company’s stock.
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CPA has been the subject of a number of research reports. BidaskClub downgraded Copa Holdings, from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Zacks Investment Research raised Copa Holdings, from a “hold” rating to a “buy” rating and set a $139.00 price target on the stock in a report on Tuesday, July 11th. Deutsche Bank AG reaffirmed a “buy” rating and set a $137.00 price target (up previously from $134.00) on shares of Copa Holdings, in a report on Tuesday, July 18th. Bank of America Corporation lifted their price target on Copa Holdings, from $140.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, August 10th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $120.00 price target on shares of Copa Holdings, in a report on Friday, August 11th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Copa Holdings, presently has an average rating of “Buy” and a consensus target price of $112.32.
Shares of Copa Holdings, S.A. (NYSE CPA) opened at 129.28 on Thursday. The company’s 50-day moving average price is $126.27 and its 200 day moving average price is $118.64. The company has a market cap of $5.48 billion, a PE ratio of 16.66 and a beta of 1.81. Copa Holdings, S.A. has a one year low of $83.26 and a one year high of $134.25.
Copa Holdings, (NYSE:CPA) last issued its quarterly earnings data on Wednesday, August 9th. The transportation company reported $1.48 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.48. The firm had revenue of $578.10 million for the quarter, compared to analysts’ expectations of $567.47 million. Copa Holdings, had a net margin of 14.17% and a return on equity of 14.98%. The company’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. Equities analysts forecast that Copa Holdings, S.A. will post $8.64 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.32%. This is a boost from Copa Holdings,’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Tuesday, August 29th. Copa Holdings,’s dividend payout ratio is currently 37.93%.
Copa Holdings, 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.
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