Copa Holdings, S.A. (CPA) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 3.5% in the first quarter, Holdings Channel reports. The fund owned 1,760,157 shares of the transportation company’s stock after acquiring an additional 58,980 shares during the period. JPMorgan Chase & Co.’s holdings in Copa were worth $141,886,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Quad Cities Investment Group LLC increased its position in shares of Copa by 29.6% during the first quarter. Quad Cities Investment Group LLC now owns 875 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 200 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Copa by 0.7% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 35,235 shares of the transportation company’s stock valued at $2,773,000 after acquiring an additional 250 shares during the last quarter. Bank of Montreal Can grew its holdings in Copa by 5.7% during the fourth quarter. Bank of Montreal Can now owns 6,314 shares of the transportation company’s stock valued at $496,000 after purchasing an additional 339 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in Copa by 15.4% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 3,597 shares of the transportation company’s stock valued at $284,000 after purchasing an additional 481 shares during the period. Finally, Rhumbline Advisers grew its holdings in Copa by 2.7% during the fourth quarter. Rhumbline Advisers now owns 27,717 shares of the transportation company’s stock valued at $2,182,000 after purchasing an additional 719 shares during the period. 66.01% of the stock is owned by institutional investors.

Copa stock opened at $90.78 on Thursday. Copa Holdings, S.A. has a one year low of $67.38 and a one year high of $115.50. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.95 and a quick ratio of 0.88. The firm has a market capitalization of $3.88 billion, a PE ratio of 13.92, a P/E/G ratio of 0.98 and a beta of 1.44.



Copa (NYSE:CPA) last posted its quarterly earnings results on Wednesday, May 8th. The transportation company reported $2.11 EPS for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.47. Copa had a return on equity of 11.81% and a net margin of 1.56%. The firm had revenue of $672.17 million during the quarter, compared to analyst estimates of $670.26 million. During the same period last year, the company earned $3.22 earnings per share. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. Analysts anticipate that Copa Holdings, S.A. will post 6.78 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Thursday, May 30th. Copa’s payout ratio is currently 39.88%.

Several equities analysts have weighed in on CPA shares. TheStreet raised Copa from a “c+” rating to a “b” rating in a report on Friday, May 10th. Bank of America raised Copa from a “neutral” rating to a “buy” rating in a report on Monday, May 13th. Citigroup raised Copa from a “neutral” rating to a “buy” rating in a report on Thursday, May 9th. Zacks Investment Research raised Copa from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a report on Monday, January 28th. Finally, Stifel Nicolaus raised Copa from a “sell” rating to a “hold” rating and increased their price objective for the company from $70.00 to $90.00 in a report on Friday, February 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $98.75.

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Copa Company Profile

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 81 destinations in 33 countries in North, Central, and South America, as well as the Caribbean. As of April 24, 2019, it operated a fleet of 105 aircraft comprising 6 Boeing 737 MAX9s, 82 Boeing 737NGs, and 17 Embraer-190s aircraft.

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Institutional Ownership by Quarter for Copa (NYSE:CPA)

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