Copa Holdings, S.A. (CPA) Stake Lowered by Baillie Gifford & Co.

Baillie Gifford & Co. lessened its stake in Copa Holdings, S.A. (NYSE:CPA) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,305,963 shares of the transportation company’s stock after selling 77,012 shares during the quarter. Baillie Gifford & Co. owned approximately 5.44% of Copa Holdings, worth $287,161,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global X Management Co. LLC boosted its holdings in shares of Copa Holdings, by 0.9% in the 2nd quarter. Global X Management Co. LLC now owns 2,010 shares of the transportation company’s stock valued at $235,000 after buying an additional 17 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Copa Holdings, by 3.4% in the 1st quarter. Amalgamated Bank now owns 4,473 shares of the transportation company’s stock valued at $502,000 after buying an additional 145 shares during the last quarter. Pictet Asset Management Ltd. boosted its holdings in shares of Copa Holdings, by 9.1% in the 2nd quarter. Pictet Asset Management Ltd. now owns 1,853 shares of the transportation company’s stock valued at $210,000 after buying an additional 154 shares during the last quarter. Virtu KCG Holdings LLC boosted its holdings in shares of Copa Holdings, by 4.5% in the 2nd quarter. Virtu KCG Holdings LLC now owns 6,827 shares of the transportation company’s stock valued at $799,000 after buying an additional 292 shares during the last quarter. Finally, Aperio Group LLC boosted its holdings in shares of Copa Holdings, by 2.8% in the 2nd quarter. Aperio Group LLC now owns 12,189 shares of the transportation company’s stock valued at $1,426,000 after buying an additional 337 shares during the last quarter. 64.60% of the stock is owned by institutional investors.

Copa Holdings, (NYSE:CPA) last announced its earnings results on Wednesday, August 9th. The transportation company reported $1.48 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.48. Copa Holdings, had a return on equity of 14.98% and a net margin of 14.17%. The company had revenue of $578.10 million for the quarter, compared to analysts’ expectations of $567.47 million. During the same quarter in the previous year, the firm earned $0.51 earnings per share. Copa Holdings,’s quarterly revenue was up 16.9% on a year-over-year basis.

Several equities research analysts have recently commented on the company. Zacks Investment Research raised Copa Holdings, from a “sell” rating to a “hold” rating in a report on Wednesday. Bank of America Corporation cut their price objective on Copa Holdings, from $167.00 to $154.00 and set a “buy” rating for the company in a report on Tuesday, September 26th. BidaskClub downgraded Copa Holdings, from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Stifel Nicolaus reissued a “hold” rating and issued a $120.00 price objective on shares of Copa Holdings, in a report on Friday, August 11th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $137.00 price objective (up previously from $134.00) on shares of Copa Holdings, in a report on Tuesday, July 18th. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Copa Holdings, currently has an average rating of “Buy” and an average price target of $116.39.

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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.

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

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