Janus Henderson Group PLC boosted its stake in Copa Holdings, S.A. (NYSE:CPA) by 1.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,300 shares of the transportation company’s stock after purchasing an additional 1,200 shares during the quarter. Janus Henderson Group PLC owned about 0.23% of Copa worth $12,117,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of CPA. MUFG Americas Holdings Corp acquired a new position in Copa in the third quarter valued at about $227,000. AMP Capital Investors Ltd acquired a new position in Copa in the third quarter valued at about $249,000. Fiera Capital Corp acquired a new position in Copa in the second quarter valued at about $250,000. Laurion Capital Management LP acquired a new position in Copa in the second quarter valued at about $270,000. Finally, Advisor Group Inc. raised its stake in Copa by 225.0% in the second quarter. Advisor Group Inc. now owns 2,688 shares of the transportation company’s stock valued at $315,000 after purchasing an additional 1,861 shares in the last quarter. 61.40% of the stock is owned by institutional investors and hedge funds.
CPA has been the subject of a number of analyst reports. Bank of America dropped their price target on Copa from $167.00 to $154.00 and set a “buy” rating for the company in a research note on Tuesday, September 26th. Zacks Investment Research upgraded Copa from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. UBS Group upgraded Copa from a “neutral” rating to a “buy” rating in a research report on Thursday, November 9th. JPMorgan Chase & Co. upgraded Copa from a “neutral” rating to an “overweight” rating and set a $155.00 target price on the stock in a research report on Tuesday, November 21st. Finally, Cowen lifted their target price on Copa from $120.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, November 10th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $133.57.
Copa (NYSE:CPA) last released its earnings results on Wednesday, November 8th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.32 by $0.06. Copa had a return on equity of 16.81% and a net margin of 14.88%. The firm had revenue of $657.17 million for the quarter, compared to analysts’ expectations of $644.36 million. During the same quarter in the previous year, the business posted $1.30 earnings per share. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. equities research analysts forecast that Copa Holdings, S.A. will post 8.61 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date was Wednesday, November 29th. Copa’s dividend payout ratio is presently 35.46%.
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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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