Majedie Asset Management Ltd decreased its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 7.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,483 shares of the transportation company’s stock after selling 458 shares during the period. Majedie Asset Management Ltd’s holdings in Copa were worth $735,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Deltec Asset Management LLC raised its stake in Copa by 16.9% during the fourth quarter. Deltec Asset Management LLC now owns 53,910 shares of the transportation company’s stock worth $7,227,000 after acquiring an additional 7,810 shares during the period. Aperio Group LLC raised its stake in Copa by 5.8% during the fourth quarter. Aperio Group LLC now owns 12,657 shares of the transportation company’s stock worth $1,697,000 after acquiring an additional 699 shares during the period. Chicago Equity Partners LLC raised its stake in Copa by 0.7% during the fourth quarter. Chicago Equity Partners LLC now owns 107,430 shares of the transportation company’s stock worth $14,402,000 after acquiring an additional 745 shares during the period. SG Americas Securities LLC raised its stake in Copa by 293.1% during the fourth quarter. SG Americas Securities LLC now owns 3,797 shares of the transportation company’s stock worth $509,000 after acquiring an additional 2,831 shares during the period. Finally, Boston Advisors LLC acquired a new stake in Copa during the fourth quarter worth about $11,354,000. Hedge funds and other institutional investors own 60.88% of the company’s stock.
Several equities research analysts recently weighed in on the stock. Bank of America assumed coverage on shares of Copa in a research note on Friday, January 12th. They set a “buy” rating on the stock. Zacks Investment Research lowered shares of Copa from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Cowen reiterated a “hold” rating and set a $137.00 price objective on shares of Copa in a research note on Tuesday, January 9th. Santander upgraded shares of Copa from an “underperform” rating to a “hold” rating in a research note on Monday, December 4th. Finally, JPMorgan Chase & Co. upgraded shares of Copa from a “neutral” rating to an “overweight” rating and set a $155.00 price objective on the stock in a research note on Tuesday, November 21st. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $135.86.
Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, November 8th. The transportation company reported $2.38 EPS for the quarter, beating the consensus estimate of $2.32 by $0.06. Copa had a net margin of 14.88% and a return on equity of 16.81%. The company had revenue of $657.17 million for the quarter, compared to analyst estimates of $644.36 million. During the same quarter last year, the business earned $1.30 earnings per share. Copa’s revenue was up 15.6% compared to the same quarter last year. equities research analysts forecast that Copa Holdings, S.A. will post 8.61 EPS for the current fiscal year.
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Copa 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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